Question: If the future value in one year is $ 4 , 8 8 5 . 9 7 and the discount rate is 2 . 0

If the future value in one year is $4,885.97 and the discount rate is 2.05%, what is the current price?

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:

Using the Stanford Health Care Consolidated Financial Statements for 2014 ( pages 1-4 ), prepare a brief summary (3 -4 paragraphs) that highlights the current financial status of Stanford and any...

Q:

1. Find the future value (FV) one year from now of a $7,000 invest 6. Determine the present values (PVs) if $5,000 is ment at a 3 percent annual compound interest rate. Also, calculate future (i.e.,...

Q:

1. The purchase and sale of securities after the original issuance occurs in the: (Points : 5) Primary market. Secondary market. Dealer market. Auction market. Liquidation market. Question 2. 2....

Q:

Simple interest on a $15,000, 10%, 20-month note payable would total: $0 $1,500 $2,500 $3,000 Question 3 Interest compounded on a $10,000 principal amount yearly at 1.5% for six years is: $900...

Q:

PROBLEMS 6. D futu follo ment at a 3 percent annual compound interest rate. Also, calculate 2. Find the FV of $10,000 invested now after five years if the annual at would be the FV if the interest...

Q:

oewok.7-1 MyAccountingLab Homework: Chapter 21 Score: 0 of 9 pts 1 of 5 (3 complete) HW Score: 34.22 %, 15.4 0f E21-24 (similar to) Question He Chicago Hosptal, a tapayng enthy estmates that it can...

Q:

Answer ALL questions and show ALL workings) 1. One real estate sales technique is to encourage customers to buy today because the value of property will probably increase during the next few years....

Q:

Im having a really hard time understanding the logic behind the following questions, Can you please write the rules and logic that will clarify why we pick one answer VS another, I have the answers I...

Q:

The local supermarket is considering investing in self-checkout kiosks for its customers. The self-checkout kiosks will cost $49,000 and have no residual value. Management expects the equipment to...

Q:

2. You have $800 that you would like to invest. You have 2 choices: Savings account A which earns 8% compounded annually, or savings account B which earns 7.90% compounded semiannually. Which would...

Q:

Make the corresponding wage entries to report short-term liabilities. Make the entries to the journal. Journalizes the adjustment entries for each accrued expense at the end of the year. The cost of...

Q:

Describe and discuss some of the best financial practices of high-growth, high-performance firms. Why is it also important to consider production or operations practices?

Q:

9 Give two main benefits of focus. Provide at least two reasons all organizations do not employ focused operations. (Note: Claiming a firm is ignorant of focus is not an option.)

Q:

Sandy Foot Hospital expanded their cardiovascular unit to include more operating rooms. They negotiated a 20-year loan with monthly payments and a large sum of $250,000 due at the end of the loan....