Question: If the interest rate is 7 % , the present value of $ 8 0 0 to be received 7 years from today is $

If the interest rate is 7%, the present value of $800 to be received 7 years from today is $ Type. .(Round your response to the nearest two decimal place)
If the interest rate is 7%, the present value of $800

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:

1. (Compound annuity) What is the accumulated sum of each of the following streams of payments? a. $480 a year for 10 years compounded annually at 9 percent. b. $108 a year for 7 years compounded...

Q:

1 Time value of money 2 3 a. Finding FV 4. Investment (PV) $1,000 5 Interest rate (1) 8% 6 Number of years (N) 6 Formula 7 Future value (FV) #N/A 8 9 b. Creating a table with FVs at various interest...

Q:

Compute the present value of a $ 1 0 0 investment made 6 months, 7 years, and 1 5 years from now at 8 percent interest. Assuming that the current interest rate is 6 percent, compute the present value...

Q:

Question #2, please. Save Score: 5.67 of 6 pts 1 of 6 Question 1: End of Chapter 3.1.1 Question Help Setting the interest rate is 4%, the present value of $1200 to be received 5 years from today is $...

Q:

Question 1 A project that you are considering today is expected to provide benefits worth $125,000 in one year. If the risk-free rate of interest ( rf) is 5%, then the value of the benefits of this...

Q:

find solution 23) At al walue of i) sin or 56.75 57,01 . S>03 tone lcule inter 2) Which of the following statements is false? A) The process of moving a value or cash flow backward in time is known...

Q:

If the interest rate is 7%, the present value of $1200 to be received 7 years from today is $ (Round your response to the nearest two decimal place) You are in a car accident, and you receive an...

Q:

You are in a car accident, and you receive an insurance settlement of $ 4 5 0 0 per year for the next three years. The first payment is to be received today. The second payment is to be received one...

Q:

NG If the interest rate is 7%, the present value of $1200 to be received 5 years from today is (Round your response to the nearest two decimal place) You are in a car accident, and you receive an...

Q:

$690.82 Question 42 (Mandatory) (0.5 points) A deposit of $1,000 earns the following interest rates: 8 percent in the first year 7 percent in the second year, and 8 percent in the third year. What...

Q:

Inorganic Chemicals (IC) processes salt into various industrial products. In July 2014, IC incurred joint costs of $100,000 to purchase salt and convert it into two products: caustic soda and...

Q:

Under what circumstances would a taxpayer use both the cash method and the accrual method of accounting at the same time?

Q:

Problem 1 6 - 1 8 Firm Value Tempest Corporation expects an EBIT of $ 3 3 , 0 0 0 every year forever. The company currently has no debt and its cost of equity is 1 1 percent. The tax rate is 2 3...

Q:

A company is preparing completing their Cash Budget. The following data has been prepared for cash receipts and payments. January February March Cash receipts $1,061,200 $1,182,400 $1,091,700 Cash...