Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 03, 2024

Say you will receive a gift of $1,500 in 4 years. If the interest rate is 2%, what is the present value of this gift

Say you will receive a gift of $1,500 in 4 years. If the interest rate is 2%, what is the present value of this gift today?

1,623.64

1,530

1,385.76

1,500

Step 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

Recommended Textbook for

Auditing Physician Services Verifying Accuracy In Physician Services And E M Coding To Protect Medical Practices

Authors: Betsy Nicoletti

3rd Edition

0998498564, 978-0998498560

More Books

Students also viewed these Accounting questions

Question

★★★★★

In Problems 1-3, use the method of Example 6( to find dy/dx. 1. x3 + 2x2y - y3 = 0 2. ye-x + 5x - 17 = 0 3. x sin y + y cos x = 0

Answered: 1 week ago

Question

★★★★★

3. Paras International Inc. markets industrial lubricants through a sales force of 30 salespersons. They spend most of their time in the field, calling on customers. When a sale is made, it is...

Answered: 1 week ago

Question

★★★★★

What is the difference between gender as a subject variable and gender as a stimulus variable? Suppose that you read a study comparing the aggressiveness of men and women. Is gender a subject...

Answered: 1 week ago

Question

★★★★★

Custom Homebuilders (CH) designs and constructs high-end homes on large lots owned by customers. CH has developed several formulas, which it uses to quote jobs. These include costs for materials,...

Answered: 1 week ago

Question

★★★★★

20. You own a $222,000,000 portfolio that is invested in Stocks A and B. The portfolio beta is equal to the market beta. Stock A has an expected return of 18.7 percent and has a beta of 1.42. Stock B...

Answered: 1 week ago

Question

★★★★★

explain theoretical and practical theories to the data gathered from drosphilia flies

Answered: 1 week ago

Question

★★★★★

Solve the following problems using Mohr's circle. Given: P = 10.5 ksi + P Normal stresses: Ox'= Oy= 8 ksi Draw Mohr's circle and use it to determine the normal and shearing stresses after the element...

Answered: 1 week ago

Question

★★★★★

2. (6 points) Calculate the charge of a 4.0 g sample of Zinc (atomic number 30, atomic mass 65.37 g/mole, density 7.133g/cm) from which one electron out of every 101 electrons has been removed

Answered: 1 week ago

Question

★★★★★

Which two of the following statements are true about acquisition intelligence during the acquisition life cycle? A. Manages thresholds/objectives requirements to meet or exceed expected threat...

Answered: 1 week ago

Question

★★★★★

During the release of an important product, a vice president for a different product line brought a valid concern to the project team, which had to be completed before the release. The vice president...

Answered: 1 week ago

Question

★★★★★

Lars acquired a new network system on June 5, 2022 (five-year class property), for $55,000. She expects taxable income from the business will always be about $145,000 without regard to the 179...

Answered: 1 week ago

Question

★★★★★

Ethics. Teamwork. Mike took out a loan at the United Bank and Trust and was unable to keep up the payments. The bank sent collection letters to Mike over a six-month period and then turned the action...

Answered: 1 week ago

Question

★★★★★

You have received an e-mail from Bangladesh, India, from a prospective client. Search the Internet, local library, and local directories from your area to find resources that can provide information...

Answered: 1 week ago

Question

★★★★★

Ethics. Technology. Teamwork. For the five issues identified in Application Exercise 2, meet with your team and write three questions about the situation that you need to research further to...

Answered: 1 week ago

Previous Question Next Question