[Solved] Find the present value PV of the given fu

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 10, 2024

Find the present value PV of the given future value. ( Round your answer to the nearest cent .) Future value $8,300 at 9 1/2%

Find the present value PV of the given future value. (Round your answer to the nearest cent.)

Future value $8,300 at 9 1/2% simple interest for four years PV = $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

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

Modeling the Dynamics of Life Calculus and Probability for Life Scientists

Authors: Frederick R. Adler

3rd edition

ISBN: 840064187, 978-1285225975, 128522597X, 978-0840064189

More Books

Students also viewed these Mathematics questions

Question

★★★★★

The Tomlinson Company manufactures trendy, high-quality, moderately priced watches. As Tomlinsons senior financial analyst, you are asked to recommend a method of inventory costing. The CFO will use...

Answered: 1 week ago

Question

★★★★★

What need does it fulfill?

Answered: 1 week ago

Question

★★★★★

On January 1, 2012 (the date of grant), Lutz Corporation issues 2,000 shares of restricted stock to its executives. The fair value of these shares is $75,000, and their par value is $10,000. The...

Answered: 1 week ago

Question

★★★★★

The median splits an increasingly sorted data set in half, 50% of the data set is smaller than the median and the other 50% of the data set is larger than the median

Answered: 1 week ago

Question

★★★★★

Consider a stock with an initial price of $100. Its price one year from now is given by S = 100 * exp(r), where the rate of return r is normally distributed with a mean of 0.1 and a standard...

Answered: 1 week ago

Question

★★★★★

Consider a variable rate mortgage for $100,000 with a 300-month amortization period, and with a nominal semiannual rate of 5% at loan origination. Suppose that the rate is held constant for the first...

Answered: 1 week ago

Question

★★★★★

The NAV of an equity fund is Rs. 76.45 and the face value is Rs. 10. An investor invests Rs 30,000. How many units will be allotted to him? (There is no entry load)

Answered: 1 week ago

Question

★★★★★

Listed below are several transactions that took place during the first two years of operations for the law firm of Pete, Pete, and Roy. Amounts billed to clients for services rendered Cash collected...

Answered: 1 week ago

Question

★★★★★

An 8% grade means: There is an average of 8 collisions per 100,000 descents There is an 8% chance of your service brakes failing There is an average drop of 80 metres over 1 kilometer

Answered: 1 week ago

Question

★★★★★

Assume the variables str1, str2, and str3 have each been assigned a string. Write a statement that uses the print function and an F-string to display the value of str1, immediately followed by the...

Answered: 1 week ago

Previous Question Next Question