What is the present value of $12,250 to be received 3 years from today if the discount

Fantastic news! We've Found the answer you've been seeking!

Question:

What is the present value of $12,250 to be received 3 years from today if the discount rate is 5 percent?

Related Book For answer-question

Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

See More Books

Posted Date: Jun 08, 2024 04:11 PM

See More Questions

Marin Company is currently producing 16,000 units per month, which is 80% of its production capacity. Variable manufacturing costs are currently $8.00 per unit. Fixed manufacturing costs are $56,000...
The following information describes the outdoor temperature change in Calgary on a day in mid-February from midnight to midnight. The temperature at midnight was 0 degrees Celsius. The temperature...
what is the role of accrediting bodies? When should governments manage accreditation standards and functions and when should other entities manage accreditation standards and functions?
Earl's savings account has an APR of 7.3%, calculates interest daily, and pays interest at the end of the month. If during the month of June, his balance was $400 for the first 10 days of the month,...
Sheridan Company had the following select transactions. Apr. 1, 2022 July 1, 2022 Dec. 31, 2022 Apr. 1, 2023 Apr. 1, 2023 Accepted Goodwin Company's 12-month, 16% note in settlement of a $53,400...
You buy TEN November USX put options with a strike price of CAD 1.2456. Option premium is 1cent per USD(0.01CAD). On the settlement day the spot price of USD/CAD is 1.2859. What will be your gain or...
Sweden Ltd manufactures cabinets. You work in the accounting department and have been tasked with preparing the Budget for the next month. Sweden makes two products: Premium cabinets - large cabinets...
Name: Address Class Identification Address 10.250.1.1 150.10.15.0 192.14.2.0 148.17.9.1 193.42.1.1 126.8.156.0 220.200.23.1 230.230.45.58 177.100.18.4 119.18.45.0 249.240.80.78 199.155.77.56...
Bellamy is a private corporation and is presenting comparative financial statements. During 2016, Bellamy acquired Stockard Inc. and the effects of that transaction are reflected in the current year...

What is the present value of $12,250 to be received 3 years from today if the discount

Question:

Expert Answer:

Personal Finance

Students also viewed these finance questions