# What is the (present) value of the $1000 that you receive every month for the next 12 months (one year)

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## Question:

What is the (present) value of the $1000 that you receive every month for the next 12 months (one year) if the interest rate is 12% (annual)?Hint: the interest rate become 1% per month (or the period). Be carefule with - sign.

2. What is the rate (of return) if you can double it in 10 years? Use percent with two decimals in answering the question. For example, if the answer is 7.177% the write 7.18

3. How many years does it take to triple your investment if the rate (of return) is 12%? Just the number of years in two decimals.

**Related Book For**

## Financial Management for Public Health and Not for Profit Organizations

ISBN: 978-0132805667

4th edition

Authors: Steven A. Finkler, Thad Calabrese

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