Question: Find the present value of the given future amount. $ 2 0 , 0 0 0 for 2 1 months at 7 % simple interest

Find the present value of the given future amount. $20,000 for 21 months at 7% simple interest

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 Mathematics Questions!

Q:

X 5.1.9 Find the interest on the following loan. $5314 at 7%; loan made on August 14 and due December 29 The simple interest for this loan is $ (Round to the nearest cent as needed.) 5.1.11 Question...

Q:

please just provide me answers no detials Find the interest on the following loan. $8000 at 4% for 6 months The simple interest is $|:|. (Round to the nearest cent as needed.) Find the present value...

Q:

031 A) Find the future value of the loan. Assume 365 days in a year. $5015 at 11.14% annual simple interest for 18 months The future value of the loan is $ (Round to the nearest cent as needed.) B)...

Q:

Find the present value of the given future amount. $96,000 for 22 months at 9% simple interest Find the present value of the given future amount. $96,000 for 22 months at 9% simple interest What is...

Q:

Find the future value for the ordinary annuity with the given payment and interest rate. PMT=$2,250;1,30% compounded quarterly for 11 years. The future value of the ordinary annuity is $ (Do not...

Q:

Find the present value of the given future amount. $57,000 for 14 months at 9% simple interest What is the present value? (Round to the nearest dollar as needed.)

Q:

Find the present value of the given future amount. $82,000 for 3 months at 8% simple interest What is the present value? $ (Round to the nearest dollar as needed.)

Q:

Find the present value of the given future amount. $98,000 for 18 months at 9% simple interest. What is the present value?

Q:

Find the present value of the given future amount. $46,000 for 23 months at 8% simple interest What is the present value? (Round to the nearest dollar as needed.)

Q:

Find the present value of the given future amount. $88,000 for 21 months at 9% simple interest What is the present value? $ (Round to the nearest dollar as needed.)

Q:

Given Values Diameter (mm) = 14 Force (N) = 40216 Cross Section = 12.5 mm x 14.8 mm Tension (N): = 400000 Wire Diameter (mm) = 3.2 Length (mm) = 25133 Cylindrical Wire Material = Nickel...

Q:

Huge advertisers like Procter & Gamble and Verizon spend billions of dollars on advertising every year. Put these billions of dollars into perspective. Is it really that much money? What information...

Q:

guaranteed death benefit endowment at age 1 0 0 Question 1 9 What is an actuarial calculation by which the insurer's review historical claims data as an indicator of future claims experience? The...

Q:

A researcher is planning to investigate risk factors associated with cholesterol level in participants of the Behavioral Risk Factor Surveillance System (BRFSS) survey. The researcher identifies and...