Question
Can you help with the formulas for the following; What is the present value of $15,000 received a. 10 years from today when the interest
Can you help with the formulas for the following; What is the present value of $15,000 received
a. 10 years from today when the interest rate is 8 % per year?
b. 20 years from today when the interest rate is 16 % per year?
c. 5 years from today when the interest rate is 4 % per year?
Please help with the following the formulas for:
a. What is the present value of $15,000 received 10 years from today when the interest rate is 8% per year?
The present value is $ _____ (Round to the nearest dollar).
b. b. What is the present value of $15,000 received 20 years from today when the interest rate is 16 % per year?
The present value is $ ______ . (Round to the nearest dollar.)
c. What is the present value of $ 15,000 received 5 years from today when the interest rate is 4 % per year?
The present value is $ _________ . (Round to the nearest dollar.)
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