Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PRESENT VALUE 1. Find the net present value of an inheritance to be received within 10 years of $ 88,125 discounted today at 6 1/8%.

PRESENT VALUE

1. Find the net present value of an inheritance to be received within 10 years of $ 88,125 discounted today at 6 1/8%.

2. From accepting the # 1 answer above, what interest or greater would be accepted today to reach $ 135,000 in 20 years.

3. The property you bought 12 years ago for $ 85,000, is worth $ 180,000 today. What is the rate of return on your investment?

4. Joe Doe deposited $ 51,000 into his savings account. The interest rate is 10% compounded semi-annually. How long will it take for the investment to reach $ 72,600.00?

5. You have deposited $ 10,000 in equity investments, after three years, the balance of the investment is $ 9,450. What and how much has the rate of return been?

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_2

Step: 3

blur-text-image_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

The Commercial Aircraft Finance Handbook

Authors: Ronald Scheinberg

2nd Edition

1138558990, 978-1138558991

More Books

Students also viewed these Finance questions