natashanepveu3215 natashanepveu3215
  • 01-12-2020
  • Business
contestada

What is the value today of receiving $4,500 at the end of each year for the next four years, assuming an interest rate of 12% compounded annually?

Respuesta :

Аноним Аноним
  • 01-12-2020

Answer: The correct answer should be: a. $118.

References: Solution: A = P(A/P , i, n)

A = 4,500(A/P, 1%, 48) = (4,500)(0.0263) = $118.35

(im sorry if im wrong)

Answer Link

Otras preguntas

ian's pay stub is show what is ian's net pay1750.00 gross paymedicare 1.45%social security 6.2%income tax 18 %
What does the dialect between Sergei and the goldfish reveal about their relationship
is colorful a compound noun?
Ecology is made up of _____.
¿Cómo se escribe el verbo escribir en primera persona? (What is the 'yo' form of escribir')
what percent of 91 of 524
How many children did John Wayne Gacy capture?
what would a proper answer be to this question
Translate the phrase by finding the infinitive and conjugating it to match the subject. I skate.
What would be the simple subject in my favorite stamps are the American stamps