Question
Assume the real rate of interest is 3.00% and the inflation rate is 4.00%. What is the value today of receiving 14,525.00 in 15.00 years?
Assume the real rate of interest is 3.00% and the inflation rate is 4.00%. What is the value today of receiving 14,525.00 in 15.00 years?
Answer format: Currency: Round to: 2 decimal places.
What is the value today of a money machine that will pay $1,283.00 per year for 15.00 years? Assume the first payment is made 3.00 years from today and the interest rate is 6.00%.
Answer format: Currency: Round to: 2 decimal places.
What is the value today of a money machine that will pay $3,809.00 every six months for 21.00 years? Assume the first payment is made six months from today and the interest rate is 15.00%.
Answer format: Currency: Round to: 2 decimal places.
Could really use the help! Thanks!
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