What is the present value of an investment that promises to pay you $1,000 in five years if you can earn 6 percent interest compounded annually?
Answer to relevant QuestionsTo the closest year, how long will it take a $200 investment to double if it earns 7 percent interest? How long will it take if the investment earns 18 percent?Find the present value of the following annuities due:a. $400 per year for 10 years at 10 percentb. $200 per year for five years at 5 percentJason worked various jobs during his teenage years to save money for college. Now it is his twentieth birthday, and he is about to begin his college studies at the University of South Florida (USF). A few months ago, Jason ...Find the present values of the following ordinary annuities:a. PV of $400 each six months for five years at a simple rate of 12 percent, compounded semiannuallyb. PV of $200 each three months for five years at a simple rate ...Suppose you found a house that you want to buy, but you still have to determine what mortgage to use. Bank of Middle Texas has offered a 30-year fixed mortgage that requires you to pay 6.9 percent interest compounded ...
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