Question
What is the present value of $5,000 you will receive in year 5 if interest rate is 4% compounded annually(Enter the final answer as a
What is the present value of $5,000 you will receive in year 5 if interest rate is 4% compounded annually(Enter the final answer as a positive number and round your answer to 2 decimals) ?
I purchased land 10 years ago for $9,900 per acre. If he could have alternately invested the money at 8 percent per year, what price per acre must I receive today to break even with his opportunity (required) rate (Enter the final answer as a positive number and round your answer to 2 decimals) ?
What will be the value of 1,000 in 6 years if interest rate is 4% compounded quarterly (Enter the final answer as a positive number and round your answer to 2 decimals) ?
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