Question

What's the present value of $1,650 discounted back 5 years if the appropriate interest rate is...

What's the present value of $1,650 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly?

A. $1,480.15

B. $941.91

C. $1,223.26

D. $1211.03

E. $1,039.77

**Please show each step in detail especially if your using a financial calculator. **

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What's the present value of $19,000 discounted back 5 years if the appropriate interest rate is...
What's the present value of $19,000 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually? Select the correct answer. a. $12,177.83 b. $12,234.63 c. $12,220.43 d. $12,192.03 e. $12,206.23
What is the present value of $3,500 per year for 9 years discounted back to the...
What is the present value of $3,500 per year for 9 years discounted back to the present at 11 percent? The present value of $3,500 per year for 9 years discounted back to the present at 11 percent is__$ Please show your work.
What is the present value of $2,500 per year for 10 years discounted back to the...
What is the present value of $2,500 per year for 10 years discounted back to the present at 9 percent? Q) The present value of $2,500 per year for 10 years discounted back to the present at 9 percent is__? Please show your work.
Time Value of Money Overview: In corporate finance, students need to be able to calculate present...
Time Value of Money Overview: In corporate finance, students need to be able to calculate present and future values of investments. Purpose: The purpose for this project is to demonstrate an understanding of how to calculate present and future values. Requirements: Review the examples then answer all of the questions below. Example 1: What is the present value of the $800 to be received 10 years from now discounted back to the present at 10%. Use your financial calculator to...
With a nominal interest rate of 5% per year, the present discounted value of $100 to...
With a nominal interest rate of 5% per year, the present discounted value of $100 to be received in 10 years is A) $50.00. B) $61.39. C) $95.24. D) $150.00. E) $163.89.
3. If $2,800 is discounted back 4 years at an interest rate of 8% compounded semi-annually,...
3. If $2,800 is discounted back 4 years at an interest rate of 8% compounded semi-annually, what would be the present value? . 4. Consider a newlywed who is planning a wedding anniversary gift of a trip to Canada for her husband at the end of 10 years. She will have enough to pay for the trip if she invests $4,000 per year until that anniversary and plans to make her first $4,000 investment on their first anniversary. Assume her...
Find the present value (principal) and the compound interest, as indicated, for each of the following...
Find the present value (principal) and the compound interest, as indicated, for each of the following investments. (Hint: Subtract the present value from the future value to find the compound interest.) Use a calculator or Table 16-1 or Table 16-2 to find FVF or PVF. Round answers to the nearest cent. show entire solution please.    Future Value - Rate - Term - Present Value - Compound Interest 2. $18,000 -   6% compounded quarterly - 5 years - _____ -...
Present Value for Various Compounding Periods Find the present value of $425 due in the future...
Present Value for Various Compounding Periods Find the present value of $425 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent. 6% nominal rate, semiannual compounding, discounted back 5 years $    6% nominal rate, quarterly compounding, discounted back 5 years $    6% nominal rate, monthly compounding, discounted back 1 year $  
Using the appropriate present value table and assuming a 12% annual interest rate, determine the present...
Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2018, of a five-period annual annuity of $4,400 under each of the following situations: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1.The first payment is received on December 31, 2019, and interest is compounded annually. 2.The first payment is received on...
What is the discounted value of ​$844 paid at the end of every three months for...
What is the discounted value of ​$844 paid at the end of every three months for 10 years if interest is 9 % per annum compounded monthly.. Please provide the appropriate formula and show work. Please do not use excel.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT