Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can someone help me with these two questions How much would you have to invest today to receive the following? (Enter all answers as positive

can someone help me with these two questions
image text in transcribed
image text in transcribed
How much would you have to invest today to receive the following? (Enter all answers as positive numbers.) a. $16,000 in 6 years at 10 percent. (Round your answer to 2 decimal places.) b. $20,500 in 18 years at 7 percent. (Round your answer to 2 decimal places.) c. $8,500 each year for 17 years at 8 percent. (Round your answer to 2 decimal places.) You have just been notified that you will receive $8,600 a year for the next 16 years from an inherited trust. If the interest rate is 14 percent, how much should you be willing to accept today in exchange for the annual payments? (Enter your answer os a positive number rounded to 2 decimal places.)

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

Quality Auditing Note Book Journal Notes Checklist Questions Observations Evidence Log

Authors: Just Visualize It, The Quality Guy

1st Edition

1726688402, 978-1726688406

More Books

Students also viewed these Accounting questions