A 100,000 loan is due on January 1, 2024. What is the value on January 1,...
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A 100,000 loan is due on January 1, 2024. What is the value on January 1, 2020 of the $100,000, due on January 1, 2024, discounted at 14% compounded annually? Round to the nearest whole dollar if needed. What is the value on July 1, 2018 of $100,000 due January 1, 2024 discounted at 20% (annual rate) compounded quarterly? Round to the nearest whole dollar if needed. Calculate the present value of $25,000 due at the end of 7 years at 9% compounded annually. Now, what is the compound interest? Round to the nearest whole dollar at the end of your calculation. A 100,000 loan is due on January 1, 2024. What is the value on January 1, 2020 of the $100,000, due on January 1, 2024, discounted at 14% compounded annually? Round to the nearest whole dollar if needed. What is the value on July 1, 2018 of $100,000 due January 1, 2024 discounted at 20% (annual rate) compounded quarterly? Round to the nearest whole dollar if needed. Calculate the present value of $25,000 due at the end of 7 years at 9% compounded annually. Now, what is the compound interest? Round to the nearest whole dollar at the end of your calculation.
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To calculate the present value of a future amount we need to discount it back to the present using the given interest rate In this case the future amo... View the full answer
Related Book For
Accounting Principles Volume 2
ISBN: 9781119786634
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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