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Author Question: The present value of 1,500 received 8 years in the future would be calculated as which of the ... (Read 56 times)

CBme

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The present value of 1,500 received 8 years in the future would be calculated as which of the following when the interest rate is 3?
 
  A) 1,500/(1.03)8 B) 8.03/1,500 C) 1,500  1.3  8 D) 1,500/(1.3)8

Question 2

If you want to know the present value of 5,000 received in one year, and the interest rate is 2 percent, what formula can you use?
 
  A) Present value equals 1.02 divided by 5,000. B) Present value equals 5,000 times 0.02.
  C) Present value equals 5,000 times 1.02. D) Present value equals 5,000 divided by 1.02


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kswal303

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CBme

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


irishcancer18

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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