Question: help me please i will like your answer Question 14(0,5 points) Imagine your best friend has just had a first baby and asks you to

help me please i will like your answer
help me please i will like your answer Question 14(0,5 points) Imagine

Question 14(0,5 points) Imagine your best friend has just had a first baby and asks you to become godparent. You offer to put together some money to finance the child's driver's license: either you give the new parents $1500 today or $2200 in 21 years. Given the 6,5% interest rate on savings, what is the current worth of that future money? Instrultions: Round the result to two decimal places and do not put the "\$" symbol in the answer box. For example if you get a result of $852.6578 then write 852.66 in the answer box below

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!