Question: Find the present value for the amount given in the table. Amount Nominal Rate Frequency of Conversion Time $7304.27 2.1% annually 9 years Question content

Find the present value for the amount given in the table.

Amount

Nominal Rate

Frequency of Conversion

Time

$7304.27

2.1%

annually

9

years

Question content area bottom

Part 1

The present value is

$enter your response here.

(Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Find the present value for the amount given in the table. Amount Nominal Rate Frequency of Conversion Time $5755.99 1.8% monthly 14 years Question content area bottom Part 1 The present value is...

Q:

please be fast. Test: MATH119 Test #2 Summer 2021 G) Question 12 Score: 0 of 2 points Find the present value for the amount given in the table. Amount Nominal Rate Frequency of Conversion Time...

Q:

THIS IS Financial MATH I need just the final answers as soon as possible Test: MATH119 Test #2 Summer 2021 G) Question 12 Score: 0 of 2 points Find the present value for the amount given in the...

Q:

I need jus the final answer and this is Financial math Test: MATH119 Test #2 Summer 2021 G) Question 12 Score: 0 of 2 points Find the present value for the amount given in the table. Amount Nominal...

Q:

Find the present value for the amount given in the table. Amount Nominal Rate Frequency of Conversion annually Time 6 years $2416.72 1.6% The present value is $ (Round to the nearest cent as needed....

Q:

Find the present value for the amount given in the table. Amount Nominal Rate Frequency of Conversion Time $6228.09 9% annually 13 years The present value is $ (Round to the nearest cent as needed....

Q:

Find the present value for the amount given in the table. Amount Nominal Rate Frequency of Conversion $2435.23 9.3% semi-annually Time 7 years The present value is $. (Round to the nearest cent as...

Q:

CAN YOU answer THIS Two debts, the first of $1100 due six months ago and the second of $1400 borrowed two years ago for a term of five years at 1.8% compounded annually, are to be replaced by a...

Q:

1)Find the present value for the amount given in the table. Amount Nominal Rate Frequency of Conversion Time $3757.46 9.8% semi-annually 6 years The present value is $ (Round to the nearest cent as...

Q:

Find the present value for the amount given in the table. Amount $7645.42 Nominal Rate 8.2% Frequency of Conversion annually Time 12 years The present value is $ (Round to the nearest cent as needed....

Q:

1. Sketch a graph to predict the concentration of substrate in a reaction over time with time on the x-axis and amount of substrate on the y-axis. 2. Sketch a graph to predict the concentration of...

Q:

Association rule mining often generates a large number of rules, many of which may be similar, thus not containing much novel information. Design an efficient algorithm that compresses a large set of...

Q:

Which rating represents the minimal investment grade assigned to a bond?BBAAABBB

Q:

Do straight line , ddb and unit for exercise 9-18 Provide a comparative analysis showing net income and net cash provided by operating activities (ignoring other accrual adjustments) using a 10-year...