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

Saniya has 5 2/3 of fabric one fourth of fabric is green and 1/3 of remaining fabric is white how many feet of green fabric does she have how many feet of white
The ratio of the number of pineapples for a chocolate fondue dessert to people served is 1 to 5. If Deb wants to serve 80 people, how many pineapples will Deb u
you are taking a trip at the same time as another family. your family traveled 1.900 miles in 2 days, their family traveled 2.700 miles in 3 days. who is travel
Log20x=3 need the answer for algebra 2
2. Find m angle 1 73 88 60 80
Jalen is covering the box below with sticky wrapping paper. If the paper costs 3 cents per square meter, how much will it cost to cover the entire box? A) $28.8
^w^ Giving Brainliest ^w^
Can somebody help me with this it's the last question and i'm somehow very confused
What was a result of the Battle of Thermopylae
What did the Supreme Court decide in the case of Mapp v. Ohio? A. Police should inform suspects of their right to remain silent or have a lawyer present before