FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate the present value of a guaranteed payment of $25,000 received 8 years from now if the discount rate is 4%. Group of answer choices

Calculate the present value of a guaranteed payment of $25,000 received 8 years from now if the discount rate is 4%.

Group of answer choices

- About $14,000

- About $34,000

- About $120

- About $18,000

- About $24,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

3. If you were to describe the physical concept of sound to your best friend, what music would you use to demonstrate this concept?

Answered: 1 week ago

Question

★★★★★
On April 1, 2011, Bay delivers merchandise to Ram for 200,000 pesos when the spot rate for pesos is 6.0496 pesos. The receivable from Ram is due May 30. Also on April 1, Bay hedges its foreign...

Answered: 1 week ago

Question

★★★★★
Suppose I deposite $3,250 into a 500 day CD (bankers rule). I ended up with the CD being worth $3,327.19. What was the simple interest rate? Enter your answer as a percent, but without the percet...

Answered: 1 week ago

Question

★★★★★
Year Quarter Revenue Q1 Q2 Q3 1 1 25 1 0 0 1 2 98 0 1 0 1 3 156 0 0 1 1 4 43 0 0 0 2 1 35 1 0 0 2 2 143 0 1 0 2 3 254 0 0 1 2 4 23 0 0 0 3 1 67 1 0 0 3 2 149 0 1 0 3 3 311 0 0 1 3 4 50 0 0 0 4 1 99 1...

Answered: 1 week ago

Question

★★★★★
Information taken from Horner Corporation's May accounting records follows: Direct materials used Direct labor $242,000 84,000 Variable manufacturing overhead 34,000 Fixed manufacturing overhead...

Answered: 1 week ago

Question

★★★★★
1. It was a rainy season and raining non-stop outside Bread and Butter Bakeshop, John, the baker, has been proofing his breads for longer than what was in the recipe, but it is not doubling in size....

Answered: 1 week ago

Question

★★★★★
case studies on innovations on customer satisfaction in convenience store in uk . identify the main directions and what methods are they used. what analysis other people used

Answered: 1 week ago

Question

★★★★★
Hardhat Construction Company has a contract to construct a $4,500,000 bridge at an estimated cost of $4,000,000. The contract is to start in July 2014, and the bridge is to be completed in October...

Answered: 1 week ago

Question

★★★★★
4. Michael has been charged with a misdemeanor charge of vandalism for spraying graffiti on a set of high school bleachers. Because it is a misdemeanor, his trial will only be presented to six...

Answered: 1 week ago

Previous Question Next Question