Answered step by step
Verified Expert Solution
Question
1 Approved Answer
you will be receiving $13,500 two years from now. what is the present value of this amount at an interest rate of 7.89 percent. A.
you will be receiving $13,500 two years from now. what is the present value of this amount at an interest rate of 7.89 percent.
A. 10,933.44
B. 12,512.74
C. 11,597.69
D. 9,922.08
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