alexxrobbins6308 alexxrobbins6308

03-10-2017
Business

contestada

An investment will pay you $91,000 in five years. assume the appropriate discount rate is 6.25 percent compounded daily. what is the present value?

Respuesta :

Аноним Аноним

11-10-2017

Given:
Value = $91,000, value after 5 years
t = 5 years
n = 365, daily compounding
r = 6.25% = 0.0625, discount rate

Note that
n*t = 365*5 = 1825

Let P = principal, the current value
Then
P(1 + 0.0625/365)¹⁸²⁵ = 91000
1.3668P = 91000
P = $66,578.80

Answer: $66,758.80

Answer Link

Otras preguntas

Question 5 (1 point) Find the volume of the figure below. Leave in terms of TT for answers that contain T. Round your answer to the nearest hundrednth if necess

I NEED IT ASAP!!!!!!! Search for a "family budget estimator" and calculate the monthly expenses for a family living in your city. Insert a screenshot of the ca

elobrate on the tertiary sector

Which statement creates a StudentIDs object given the following code: public class StudentIDs> { private TheType item1; private TheType item2; public Student

Adam Smith published The Wealth of Nations in 1776. In this passage, he discusses the principle of self-interest in a capitalist system. According to Smith, wha

GIVING BRANIEST!!!!!!!

Five metal cubes with sides of 18 cm are melted and casted into a spherical ball. Find the volume of the sphere that is formed.

Find the mean from the following obtained marks of the student after constructing a frequency distribution table .1,5,6,9,8,4,1,9,8,4,5,4,5,6,5,4,1,5,4,6

Agent Bourne transferred classified files from the CIA mainframe into his flash drive. The drive had 36.536.536, point, 5 megabytes on it before the transfer, a

Please help fast! Solve 2/3x-1/5>1 X>?