zamorano7706 zamorano7706
  • 01-11-2017
  • Business
contestada

What is the present value of $2,825 per year, at a discount rate of 7 percent, if the first payment is received 9 years from now and the last payment is received 22 years from now?

Respuesta :

W0lf93
W0lf93 W0lf93
  • 12-11-2017
7% of $2,825.00 is equal to $197.75. 22 minus 9 equals 13 years. 13 times $197.75 is equal to the present value $2,570.75.
Answer Link

Otras preguntas

The veto power of the president under the U.S. Constitution best reflects the principle of
Is 1/2 greater then 4/6
How do the different forms of potential energy depend on an object's position or chemical composition?
Which of the following statements best describes the use of the term “new world”? A. "New world" referred to the expanded understanding of the Earth's landm
What is 12/9 in simplest form
What is the difference between regicide and interregnum?
which of the following means to acknowledge, quote, or commend
What is a reducing sugar?
What are the verbs in this compound sentence? Some highways allow commercial vehicles; other highways prohibit them. Choose all answers that are correct. a. oth
Which leader of the Scientific Revolution developed a mathematical coordinate system and emphasized the use of mathematics in all areas? a. Vesalius b. Jean-J