Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 45 1.5/3 pts Which factor formula presented would correctly calculate the present value in year 0 of the cash flows below using a periodic

image text in transcribed

Question 45 1.5/3 pts Which factor formula presented would correctly calculate the present value in year 0 of the cash flows below using a periodic interest rate of 9% compounded annually? (mark all that apply) Year 1 2 3 4 5 Receipts ($) 3,000 3,000 5,000 3,000 5,000 =$3,000(P/F,9%,1)+$3,000(P/F,9%, 2)+$5,000(P/F,9%,3)+3000(P/F,9%,4)+5,000(P/F,9%,5) =$3,000(P/A,9%,2)+$3,000(P/F,9%,3)+3000(P/F,9%,4)+5,000(P/F,9%,5) =$3,000(P/A,9%,2)+$5,000(P/A,9%,3)+3000(P/F,9%,4)+5,000(P/F,9%,5) =$3,000(P/A, 9%,2)+$5,000(P/F,9%,3)+3000(P/F,9%,4)+5,000(P/F,9%,5)

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

Money Banking And Financial Markets

Authors: Stephen Cecchetti, Kermit Schoenholtz

3rd Edition

007337590X, 9780073375908

More Books

Students also viewed these Finance questions

Question

Briefly describe Aristotles four kinds of causation.

Answered: 1 week ago