Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 07, 2024

What is the present value ( PV ) of $ 5 0 0 0 0 received 2 0 years from now, assuming the interest rate

What is the present value

(

)

of $

50 000

received

20

years from now, assuming the interest rate is

4 %

per year?

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

The Economics Of Money Banking And Finance

Authors: Peter Howells, Keith Bain

4th Edition

0273710397, 978-0273710394

More Books

Students also viewed these Finance questions

Question

★★★★★

Atmospheric air at a velocity of 61 m/s and a temperature of 16C enters a 0.61-m-long square metal duct of 20

Answered: 1 week ago

Question

★★★★★

Show that the set is infinite by placing it in a one to one correspondence with a proper subset of itself. Give the general term of the original set, and show its pairing with its proper subset {15,...

Answered: 1 week ago

Question

★★★★★

=+c) Show that [2n /p] - 2|n / p] is always nonnegative and equals 1 in the range n Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

The United States recently purchased $1 billion of 30-year zero-coupon bonds from a struggling foreign nation. The bonds yield 41/z% per year interest. The zero-coupon bonds pay no interest during...

Answered: 1 week ago

Question

★★★★★

The other pattern of writing the instruction, ADD # 7 , R 1 is

Answered: 1 week ago

Question

★★★★★

On January 1, 2019, Shields, Inc issued $800,000 of 9%, 20 year bonds for $879,172, yielding a market (yield) rate of 8%. Semiannual interest is payable on June 30 and December 31 of each year. a....

Answered: 1 week ago

Question

★★★★★

4.9. Condensed financial statements for Dragoon Enterprises follow. (a) Calculate the amount of dividends Dragoon paid using the information given. (b) Prepare a statement of cash flows using the...

Answered: 1 week ago

Question

★★★★★

A plant operating at capacity would suggest that most likely: Select one: a. only some specific machines or processes are operating at the maximum rate possible. b. every machine and person in the...

Answered: 1 week ago

Question

★★★★★

Insert a PivotTable and a PivotChart 15. Create a Pivot Table on the Inventory Listing tab based on the inventory balances displayed for all five years. 16. Rename the new worksheet tab containing...

Answered: 1 week ago

Question

★★★★★

CASE 9.1 MAQ Corporation MAQ Corporation, a major producer of consumer electronics equipment, is currently faced with a rapidly growing product line and its associated inventory problems. MAQ's...

Answered: 1 week ago

Question

★★★★★

You are engaged in the audit of the financial statements of Micro Corporation for the year ended December 31, 20X6. The accompanying analyses of the Property, Plant, and Equipment and related...

Answered: 1 week ago

Question

★★★★★

As customer service manager for Mama Mias frozen foods, respond to a letter from Jane Gogh, a student at Seaside College. Jane wrote expressing dissatisfaction with your Veggie Lasagne. She didnt ask...

Answered: 1 week ago

Question

★★★★★

The Board of Directors of City Library has added activities for the summer. These additional activities include an 8 a.m. story hour and a 6 p.m. childrens theater production.The childrens theater...

Answered: 1 week ago

Question

★★★★★

Roscoes Personalized Printing specializes in customized printing of items used for business advertisements. Jennifer Fairbanks designed an unusual calendar to be given to her customers during the...

Answered: 1 week ago

Previous Question Next Question