Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If an investment pays you $6,000 every 6 months for 3 years, what is its PV? Assume required APR/rate of return is 6%. Use the
If an investment pays you $6,000 every 6 months for 3 years, what is its PV?
Assume required APR/rate of return is 6%. Use the table below to answer the question.
A. 32,503
B. 31,054
C. 33,478
D. 30,150
Use the table below to answer the following questions: Present Value of Present Value of 1 an Annuity of 1 3% 6% 6% Period 3% 0.9709 0.9434 0.9709 0.9434 0.9426 0.8900 1.9135 1.8334 0.9151 0.8396 2.8286 2.6730 0.8885 0.7921 3.7171 3.4651 0.8626 0.7473 4.5797 4.2124 0.8375 0.7050 5.4172 4.9173 Assumption: Required annual percentage rate (APR) of return is 6%. If an investment pays you $6000 every 6 months for 3 years, what is its present value? Select one: A. $32,503 B. $31,054 C. $33,478 D. $30,150Step 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