Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the present value of $150,000 due 5 years from now, discounted at 12%? (For calculation purposes, use 5 decimal places as displayed in

image text in transcribed

What is the present value of $150,000 due 5 years from now, discounted at 12%? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 52.75.) Present value $85113.00

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

The Next Step Advanced Medical Coding And Auditing 2013

Authors: Carol J. Buck MS CPC CCS-P

1st Edition

1455744859, 978-1455744855

More Books

Students also viewed these Accounting questions

Question

What is short-selling and is it legal?

Answered: 1 week ago

Question

Carry out an interview and review its success.

Answered: 1 week ago