A furniture store has a sofa on sale for $399.00, with the payment due one year...
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A furniture store has a sofa on sale for $399.00, with the payment due one year from today. The store is willing to discount the price at an annual rate of 5% if you pay today. What is the amount if you pay today? $399 $419 $380. $394 Question 8 (4 points) For every $1 you invest today in a 4-year maturity bank CD, if you earn 6% compounded annually, you will have___________ (FV per $) at the end of the four years. (pick answer to closest dollar and whole cents) $1.06 $1.24 $1.26 $1.29 Not enough info to solve A furniture store has a sofa on sale for $399.00, with the payment due one year from today. The store is willing to discount the price at an annual rate of 5% if you pay today. What is the amount if you pay today? $399 $419 $380. $394 Question 8 (4 points) For every $1 you invest today in a 4-year maturity bank CD, if you earn 6% compounded annually, you will have___________ (FV per $) at the end of the four years. (pick answer to closest dollar and whole cents) $1.06 $1.24 $1.26 $1.29 Not enough info to solve
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Solution 1 present value today Amount A 1 1 i m Here Amount 399 i rate 5 0 005 n y... View the full answer
Related Book For
Real Estate Finance and Investments
ISBN: 978-0073377339
14th edition
Authors: William Brueggeman, Jeffrey Fisher
Posted Date:
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