Question: Find the present value PV of the given future value. ( Round your answer to the nearest cent .) Future value $8,300 at 9 1/2%

Find the present value PV of the given future value. (Round your answer to the nearest cent.)

Future value $8,300 at 9 1/2% simple interest for four years PV = $

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:

Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets...

Q:

Find the present value PV of the given future value. (Round your answer to the nearest cent.) Future value $8,900 at 921% simple interest for four years PV=$

Q:

Find the present value PV of the given future value. (Round your answer to the nearest cent.) Future value $8,700 at 9.5% simple interest for four years PV = $

Q:

Find the present value PV of the given future value. (Round your answer to the nearest cent.) Future value $8,800 at 9 1/2 % simple interest for six years PV = $

Q:

Find the present value PV of the given future value. (Round your answer to the nearest cent.) Future value $5,250 at 4 7 8 % simple interest for 690 days PV = $

Q:

Find the present value PV of the given future value. (Round your answer to the nearest cent.) The future value $5,750 at 4 % simple interest for 630 days $1,255.47 O $1,058.19 O $5,303.72 $4,028.64

Q:

4. [0/2 Points] DETAILS PREVIOUS ANSWERS WANEFMAC6 2.1.007. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Find the present value PV of the given investment. (Round your answer to the nearest cent.) An...

Q:

Find the present value PV of the given investment. (Round your answer to the nearest cent.) An investment earns 6% per year and is worth $90,000 after 3 years. PV = $ 70866.14 X Compute the specified...

Q:

Hi I need help please ?? 2. [11 Points] DETAILS WANEFMAC7 3.1.005. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Compute the simple interest INT for the specified length of time and the future value FV...

Q:

Please assist with these 7 questions. Problem 13-12 Agency Costs and Capital Structure 13.4 Agency Costs and Capital Structure Magnum Enterprises has net operating income of $6 million. There is $55...

Q:

Circle.java class Circle { private double radius; private double area; private double diameter; Circle() { } public void setRadius(double r) { } public double getRadius() { } private void...

Q:

Milliken uses a digitally controlled dyer for placing intricate and integrated patterns on manufactured carpet squares for home and commercial use. It is purchased for $325,000. It is expected to...

Q:

A cash cow type of business generates unusually high profits and return on equity investment. cash - hog businesses, funding share burback programs, and / or paying dividends. is a business with such...

Q:

ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2015 Assets Cash $ 58,000 Accounts receivable 484,640 Raw materials inventory 91,290 Finished goods inventory 393,304 Total current assets...