Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How much would $ 4 , 8 2 5 due in 5 0 years be worth today if the discount rate were 7 . 5

How much would $4,825 due in 50 years be worth today if the discount rate were 7.5%?
Select the correct answer.
a. $125.84
b. $128.44
c. $129.74
d. $124.54
e. $127.14

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

Fundamentals Of Investments

Authors: Bradford Jordan, Thomas Miller

4th Edition

0073314978, 9780073314976

More Books

Students also viewed these Finance questions