Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLEASE BOLD THE ANSWER. WILL LEAVE A POSITIVE REVIEW IF THE ANSWERS CORRECT. What is the present value of the following future amount? $279,419 to

image text in transcribed

PLEASE BOLD THE ANSWER. WILL LEAVE A POSITIVE REVIEW IF THE ANSWERS CORRECT.

What is the present value of the following future amount? $279,419 to be received 20 years from now, discounted back to the present at 6 percent, compounded annually. Round the answer to two decimal places

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

Empirical Finance

Authors: Sardar M. N. Islam, Sethapong Watanapalachaikul

1st Edition

3790815519, 978-3790815511

More Books

Students also viewed these Finance questions

Question

5. Benchmark current training practices.

Answered: 1 week ago