SOLUTION:
Find the present value of $5,400 under each of the following rates and periods.
(If you solve this problem with algebra round intermediate calculations to 6 decimal places,
Algebra.Com
Question 713757:
Find the present value of $5,400 under each of the following rates and periods.
(If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)
a. 8.9 percent compounded monthly for five years.
Present value $
b. 6.6 percent compounded quarterly for eight years.
Present value $
c. 4.3 percent compounded daily for four years.
Present value $
d. 5.7 percent compounded continuously for three years.
Present value $
Answer by Dlc410(1) (Show Source): You can put this solution on YOUR website!
RELATED QUESTIONS
Calculate the present value of $5,000 received five years from today if your investments... (answered by CPhill)
Please help me solve this equation: 60=[400/(1+r)^3]. Find the value of... (answered by nyc_function,Fombitz)
Please help me solve this word problem about Simple Interest:
The compounding periods... (answered by ikleyn)
A certain bond pays coupons of Php 5,000 every six months for:
Given:
Semi-annual... (answered by CPhill)
I have been given a very challenging word problem and cannot figure it out. It's on... (answered by mananth)
Use the following​ formula, where P is the present value of A dollars t years from​... (answered by Boreal,ikleyn)
Find the present value of the following future amount.
$400,000 at 8% compound annually... (answered by mananth)
I need help with these problems.. plese show me how to solve them...thanks....
Problem#... (answered by stanbon)
in finance, the future value of a single sum formula is useful when you want to know how... (answered by MathLover1)