masonskylar43 masonskylar43

04-02-2020
Mathematics

contestada

Find the present value. Assume there are 360 days in a year.

FV = $83870
t = 226 days
r = 6.8%

Respuesta :

DevonFen DevonFen

10-02-2020

Therefore the present value = $ 80517.91

Step-by-step explanation:

[tex]PV = FV \div (1+i)^n[/tex]

Here FV = $83870

i = 6.8% = 0.068

[tex]n = \frac{226}{365}[/tex] =0.62

Therefore,

[tex]PV=\frac{83870}{(1+0.068)^{0.62}}[/tex]

=$80517.91

Therefore the present value = $ 80517.91

Answer Link

Otras preguntas

Here is a rectangle which has a width of x cm. The length of the rectangle is 8cm longer than the width of the rectangle. 4 of these rectangles are used to make

An election ballot asks voters to select twotwo city commissioners from a group of eighteight candidates. In how many ways can this be done?

Ron wants to develop an Internet auction-based business and is working through the STP process. After establishing his objectives, describing potential market s

x and y intecept of f(x)=3×2x

What is RS? Round to the nearest tenth. I’m really struggling with this one.

9. In the passage, how does the car accident most affect the resolution of the plot?

CH4 + 202 + CO2 + 2H2O How many grams of CO2 will be produced from 15.0 g of CH4 and 114 g of O2?

Name THREE WAYS the United States "prepared for war" at home.

The cancer-causing forms of the ras protein are involved in which processes?

The industrial revolution helped deepen the differences between the north and south by?