krazygamer219 krazygamer219
  • 17-12-2020
  • Business
contestada

3) What is the present value of $1000, received at the end of 4 years of investment, with a discount rate of 4%?

3 What is the present value of 1000 received at the end of 4 years of investment with a discount rate of 4 class=

Respuesta :

Samawati
Samawati Samawati
  • 19-12-2020

Answer:

$854.81

Explanation:

The formula for calculating the present value is as below

PV = FV/( 1 + r)^n

Where Fv =1000

r = 4% or 0.04

n= 6

PV = $1000/ (1 + 4/100)^4

PV=$1000/(1 + 0.04)^4

PV=$1000/1.16985

PV =$854.81

.

Answer Link
chicken47waffles chicken47waffles
  • 06-01-2021

Answer:

3629.9

Explanation:

I just did the test and thats what it told me the correct answer was.

Answer Link

Otras preguntas

Write the following amounts in numerals: 1. forty-one and three hundreds 2. seventy-two thousandths 3. five and eight tenths 4. six and three thousandths 5. one
Is 45/5 equal to a whole number or a mixed number?Please Explain How You know
Which of the following is the only cell organelle that is capable of converting light energy into chemical energy?
What pattern do you notice in a fraction that is equivalent to 1 whole?
What. Is the antonym of uninformed fool
Students get a 15% discount off the original prices at the Everything Fluorescent store during its back to school sale. Find the amount of discount on fluores
what number is 12 1/2% of 64
how did Andrew Carnegie make his fortune?
What is 1/3 of $15.00
In "Raymond's Run," what does Squeaky realize after the May Day race? A. The race was close only because she was distracted by her brother's behavior. B. She wo