Question: Find the present value, using the present value formula and a calculator. Achieve $8,000 in three years at 9.5% simple interest. A $3,440.00 B $6,225.68

Find the present value, using the present value formula and a calculator. Achieve $8,000 in three years at 9.5% simple interest. A $3,440.00 B $6,225.68 C $5,280.00 D $2,280.69

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!

Any help is greatly appreciated Find the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.) $150 at 3%% simple interest for 2 years e In: Need...

6. [-/1 Points] ASK YOUR TEACHER DETAILS SMITHNM13 11.1.025. MY NOTES Find the present value, using the present value formula and a calculator. (Round your answer to the nearest cent.) Achieve $5,000...

6. [-/1 Points] DETAILS SMITHNM13 11.1.025. Find the present value, using the present value formula and a calculator. (Round your answer to the nearest cent.) Achieve $5,000 in three years at 3.5%...

\fEngineering Economy Chapter 11: Breakeven and Sensitivity Analysis The objective of Chapter 11 is to illustrate breakeven and sensitivity methods for investigating variability in outcomes of...

1. Why does Taylor need to know the cost of providing meals to customers? 2. Why does Taylor need to know the cost of the donated meals? 3. Should Bene Petit compute the cost of the donated meals the...

6. Find the present value and compound interest of P 30 000 due at the end of 5 years and 6 months if interest is at 15% compounded quarterly. 7. A certain amount was invested in a fund at a rate of...

problem 5-38 24 70% a. If Simon makes the minimum monthly payment and makes no other charges, how many months will it be before he pays off the card? Round to the nearest month. b. If Simon makes...

Hi!!! Please see attached and answer using formulas on excel. Thank you. Problem 27-4 Quarterly working capital levels for your firm for the next year are included in the following table. What are...

I need to know how to do the sections under Master It! and Solution Ross, Westerfield, Jaffe, and Jordan's Spreadsheet Master Corporate Finance, 11th edition by Brad Jordan and Joe Smolira Version...

1. When authorizing bonds to be issued, the board of directors does not specify the a. total number of bonds authorized to be sold. b. contractual interest rate. c. selling price. d. total face value...

Southern Markets, Inc., is considering the use of ABC analysis to focus on the most critical SKUs in its inventory. Currently, there are approximately 20,000 different SKUs with a total dollar usage...

When cash flows are uneven, the IRR may be found by Blank _ _ _ _ _ _ . ( More than one answer may be correct. ) Multiple select question. using the same methods as when cash flows are even using...

Discuss the entities in charge of establishing tax law and tax compliance. Provide an example of how one tax law has affected you personally or at work. PLEASE PROVIDE A DIFFERENT ANSWER FROM THE...

2. Find five metaphors for communication.

5. Starting with a motive you may have for acting the way you do in a particular situation: a) What purpose did you seek to achieve? b) Which aspects of your past and your surroundings influenced...

3. (Constructing a metaphor about something can be done by comparing it to something else by using the word is. For instance, Communication is a bridge between people.