This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The present value of 475 received 3 years in the future would be calculated as which of the ... (Read 50 times)

jessicacav

  • Hero Member
  • *****
  • Posts: 558
on: Jun 29, 2018
The present value of 475 received 3 years in the future would be calculated as which of the following when the interest rate is 6 percent?
 
  A) 475  1.6  3 B) 475/(1.6)3 C) 475/(1.06)3 D) 3.06/475

Question 2

If you want to know the present value of a future payment received in one year, what formula can you use?
 
  A) Present value equals future payment divided by one plus the rate of interest.
  B) Present value equals future payment times the current market rate of interest.
  C) Present value equals future payments times one plus the rate of interest.
  D) Present value equals one plus the rate of interest in decimals divided by future payment.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

deja

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


jessicacav

  • Member
  • Posts: 558
Reply 2 on: Jun 29, 2018
Gracias!

zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Uranus revolves around the Sun once every 84 Earth years. Its average distance from the Sun is rough Uranus revolves around the Sun once every 84 Earth years. Its average distance from the Sun is rough
A medical assistant should present a neat appearance and make it a habit to wear a smile. A medical assistant should present a neat appearance and make it a habit to wear a smile.
During their elderly years, men and women continue to exhibit aspects of the gender roles that they ... During their elderly years, men and women continue to exhibit aspects of the gender roles that they ...
Scientists should use a variety of media to present the message Scientists should use a variety of media to present the message
Earth’s Oldest Preserved Rocks – 3.8 Billion Years Old, Greenland Earth’s Oldest Preserved Rocks – 3.8 Billion Years Old, Greenland
Video: Muscle Fatigue and Recovery

For a complete list of videos, visit our video library