natashanepveu3215 natashanepveu3215

01-12-2020
Business

contestada

What is the value today of receiving $4,500 at the end of each year for the next four years, assuming an interest rate of 12% compounded annually?

Respuesta :

Аноним Аноним

01-12-2020

Answer: The correct answer should be: a. $118.

References: Solution: A = P(A/P , i, n)

A = 4,500(A/P, 1%, 48) = (4,500)(0.0263) = $118.35

(im sorry if im wrong)

Answer Link

Otras preguntas

Is all of this correct and how do I color it?

Which key human trait did hunter-gatherer groups depend on to survive?

The force of gravity on an object on the surface of Mars is less than the force of gravity on an identical object on the surface of Earth. Which of the followin

If you've finished working with a data file but intend to work on it again during your work session, which button would you use to close the window temporarily?

what is the main source of fuel for cellular respiration?

Can somebody pleas help explain how i do this

Jon drove 432 miles on 20 gallons of gas. How many miles did he get per gallon?

a pet survey found that the ratio of dogs to cats is 2.5.which proportion shows the number of dogs if the number of cats is 140?

The soccer team voted on what they wanted to eat. There are 20 members on the team. Six members voted for pizza, 10 voted for chicken, and the rest voted for ho

The product of two fractions that are each between 0 and 1 is also between 0 and 1.Is this true or false?