Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 18, 2024

please fill in the blanks On June 8,2023 the future value of a sum of money will be $89,800. What would be the present value

please fill in the blanks
On June 8,2023 the future value of a sum of money will be $89,800. What would be the present value of this sum of money on February 29,2020 , if the interest rate is 2.85% compounded annually. (1year =365 days) Round the value for PV to two decimal places. P/Y= CN= DBD= daysI/N= % PV=$ PMT=$ FV=$

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

Based on a selection from the preceding chapters General Exercises or a new system selection, apply your knowledge derived from this chapters topical discussions. Specifically identify the following:...

Answered: 1 week ago

Question

★★★★★

Macho Inc. has recently become interested in acquiring a South American plant to handle many of its production functions in that market. One possible candidate is De Fuentes SA, a closely held...

Answered: 1 week ago

Question

★★★★★

Discuss how the planning, design, implementation, and operation of a production system is a task of comparable complexity to that required to develop the actual system itself.

Answered: 1 week ago

Question

★★★★★

Quus TOP Assume Gillette Corporation will pay an annual dividend of $0.66 one year from now. Analysts expect this dividend to grow at 12.8% per year thereafter until the 6th year. Thereafter, growth...

Answered: 1 week ago

Question

★★★★★

3. The Roz trust received taxable income of $20,000 and $10,000 of tax-exempt interest. The trustee paid fiduciary fees of $6,000 and a charitable contribution, as authorized by the trust agreement,...

Answered: 1 week ago

Question

★★★★★

5) If liabilities increase $120,000 during a given period and shareholders' equity decreases $25,000 during the same period, assets must: A) decrease $145,000 B) increase $145,000 C) increase $95,000...

Answered: 1 week ago

Question

★★★★★

Two important profitability measures that investors use in assessing efficiency and effectiveness of a merchandiser's operations are earnings after retail numbers (EARN) and net income dividends and...

Answered: 1 week ago

Question

★★★★★

On June 1, 2025, Ivanhoe Service Co. was started with an initial investment in the company of $19,250 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2025, and the...

Answered: 1 week ago

Question

★★★★★

Konig Enterprises, Limited, owns and operates three restaurants in Vancouver, B.C. The company allocates its fixed administrative expenses to the three restaurants on the basis of sales dollars. Last...

Answered: 1 week ago

Previous Question Next Question