Question: If the interest rate is 8%, compounded annually, what is the present value of $18,200 due to be received in 10 years?

If the interest rate is 8%, compounded annually, what is the present value of $18,200 due to be received in 10 years?

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. Calculate the future value: a) $1,000, in 10 years at an annual interest rate of 8%, compounded annually b) $15,000, in 8 years at an annual interest rate of 8%, compounded annually 2. Calculate...

Q:

1. If $1,000 is invested now, $1,500 two years from now, and $2,000 four years from now, at an interest rate of 8% compounded annually, what will be the value of these investments: a. in 10 years? b....

Q:

Please workout it out on paper and please solve all questions thank you Thanks in advance Assignment (for grading) Due Date: Tuesday, December 1, 2020 10:00 pm. Late submission will not be accepted....

Q:

C. If the interest rate is 8%, compounded annually, what is the present value of $18,200 due to be received in 10 years? D. If Rachel invests $2700 today in an account that pays 6% compounded...

Q:

Exercise A3-11 (Algorithmic) Practice with Tables Use Future Value Tables and Present Value Tables, or your calculator, to complete the requirements below. Required: Round your answers to the nearest...

Q:

App 3 continued Round your answers to the nearest cent, if rounding is required. a. Determine the future value of a single cash flow of $4,740 that earns 7% interest compounded annually for 10 years....

Q:

Exercise A3-20 (Algorithmic) Future Values of an Annuity Use Future Value Tables or your calculator to complete the requirements below. On December 31, 2020, you sign a contract to make annual...

Q:

Question 5 4 pts Kristina plans to invest $1,000 today; she wants to know to what amount her investment will grow in 15 years if she earns 16% interest compounded annually? O $9,265.52 $12, 123.56 O...

Q:

Practice with Tables Use Future Value of a Single Amount, Present Value of a Single Amount, Future Value of an Annuity and Present Value of an Annuity, or your calculator, to complete the...

Q:

Exercise A3-11 (Algorithmic) Practice with Tables Use Future Value Tables and Present Value Tables, or your calculator, to complete the requirements below. Required: Round your answers to the nearest...

Q:

A trimetallic bar is uniformly compressed by an axial force P = 9 kips applied through a rigid end plate (see figure). The bar consists of a circular steel core surrounded by brass and copper tubes....

Q:

During the current year Dunham Corporation expects to produce 10,000 units and has budgeted the following: net income $300,000; variable costs $1,100,000; and fixed costs $100,000. It has invested...

Q:

Please provide one-paragraph answers to the following questions: How does the time value of money impact investment decisions? The future value of an investment depends on what key factors? How are...

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...