Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. The fair rate is 8%. What is 100 per year, forever, worth now? (1250) 2. What is the same 100 per year in number

1. The fair rate is 8%. What is 100 per year, forever, worth now? (1250)

2. What is the same 100 per year in number 1 worth if it only lasts for 15 years? Same rate. (855.948)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Cyber Attack Survival Manual

Authors: Heather Vescent ,Nick Selby

1st Edition

ISBN: 1681886545, 978-1681886541

More Books

Students also viewed these Finance questions

Question

State the courts definition of voluntary act.

Answered: 1 week ago

Question

=+3. How do emotional appeals differ from logical appeals? [LO-2]

Answered: 1 week ago