Question: Solve and provide the correct solution Present value = $7,500 / (1 + 0.007)^36 = $5,361.32 HOW!? I've tried every calculator I can find, I've
Solve and provide the correct solution
Present value = $7,500 / (1 + 0.007)^36 = $5,361.32
HOW!? I've tried every calculator I can find, I've changed brackets, done things separately, it never ever amounts to this!? What am I doing wrong? It is screwing up ALL my answers that have to be done this way.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Given Future Value FV 7500 Interest Rate r 0007 Number of periods n 36 The formula for calculating ... View full answer
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
