Question: The answer for # 4 is STILL INCORRECT!!! The answer is $ 4 0 , 5 4 0 . 3 4 Why? Here you go

The answer for # 4 is STILL INCORRECT!!!
The answer is $40,540.34
Why?
Here you go
FV = $150,000
N =17
r =8
PV =150,000/(1.08)17=40,540.34

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!