Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

19) What is the future value of $12,000 in 6.5 years-time if it is compounding at 8.9% per annum? 20) What is the present $18,240

19) What is the future value of $12,000 in 6.5 years-time if it is compounding at 8.9% per annum?

20) What is the present $18,240 if it will be received in 5.26 years assuming that the discount rate is 7.16%?

21) What is the present value of $11,400 in year zero and $17,234 in year 1if the discount rate is 8.2% per annum?

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

Focus On Personal Finance

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

6th Edition

125991965X, 978-1259919657

More Books

Students also viewed these Finance questions

Question

Competent Empathic Listening

Answered: 1 week ago

Question

Illustrate Concurrent execution of transaction with examples?

Answered: 1 week ago

Question

Divide and rule ?

Answered: 1 week ago