natenut2006 natenut2006

06-02-2018
Business

contestada

What is the present value of $500 due in 2 years at a discount rate of 3%.

Respuesta :

mathmate mathmate

06-02-2018

P=present value
F=future value=500
n=number of years=2
i=annual interest rate=3%

We have
F=P(1+i)^n
=>
P=F/(1+i)^n
=500/(1.03^2)
= 471.30 to the nearest cent

Answer Link

Otras preguntas

URGENTTTTTTTTTTTTT!!!!!!!!!!!

Team rise over run can you 15 3/4 miles in 2 1/4 hour what was the average rate of speed in miles per hour

f(x)=3x + h f(h-1)=5

Three years ago, Sherman was twice as old as Clive. If Clive’s present age is c, which expression represents Sherman’s present age in terms of Clive’s age? A.

Which of the following best describes why the industrial revolution started in Great Britain? A) Great Britain was the most advanced civilization in the world.

How can poverty impact an person

Local television news networks cover only

Which one of the following illustrates the truth value of the given statements? A square root of 16 is 4, and the only square root of 9 is -3

please help me answer this question

HELP PLEASE ASAP!!!!!!!

good job