7. What's the present value of $5,000 that will be received in 5 years, if the...

 

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7. What's the present value of $5,000 that will be received in 5 years, if the appropriate interest rate is 6% p.a., compounded monthly? 8. You want to go to graduate school 3 years from now, and you can save $5,000 per year for consecutive five years (only 5 deposits), beginning immediately. You plan to deposit the funds in an account that provide 9% return p.a. How much will you have five years from now? 7. What's the present value of $5,000 that will be received in 5 years, if the appropriate interest rate is 6% p.a., compounded monthly? 8. You want to go to graduate school 3 years from now, and you can save $5,000 per year for consecutive five years (only 5 deposits), beginning immediately. You plan to deposit the funds in an account that provide 9% return p.a. How much will you have five years from now?

Answer rating: 100% (QA)

7 To calculate the present value of 5000 that will be received in 5 years we need to use the formula ... View the full answer