Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Find the present value and the compound discount of $6805.89 due 9.5 years from now if money is worth 9.3% compounded semi-annually. E) The present

image text in transcribedimage text in transcribedimage text in transcribed
image text in transcribedimage text in transcribedimage text in transcribed
Find the present value and the compound discount of $6805.89 due 9.5 years from now if money is worth 9.3% compounded semi-annually. E) The present value of the money is $El. (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) You have the choice of receiving $120,000 now or $48,000 now and another $84,000 three years from now. In terms of today's dollar, which choice is better and by how much? Money is worth 5% compounded annually. E) Which choice is better? {i} A. They are equal in value. {:2} B. The choice of $48,000 now and $84,000 in three years is better. {:21- C. The choice of $120,000 now is better. Find the present value and the compound discount of $4000 due in seven years and six months if interest is 8.8% compounded quarterly. (E

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

Supervision Today

Authors: Stephen P. Robbins, David A. DeCenzo, Robert M. Wolter

8th edition

133884869, 133884864, 978-0133884869

Students also viewed these Mathematics questions

Question

7. How can an interpreter influence the utterer (sender)?

Answered: 1 week ago

Question

8. How can an interpreter influence the message?

Answered: 1 week ago