Question: You will receive $ 4 0 0 in 1 6 years. The discount rate is 1 5 % per year. What is the present value

You will receive $400 in 16 years. The discount rate is 15% per year. What is the present value of that payment? Round your answer to the nearest 2 decimal places and do not include a dollar sign. For instance 55.31.

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:

You have just been hired as a brand manager at Kelsey-White, an American multinational consumer goods company. Recently the firm invested in the development of K-W Vision, a series of systems and...

Q:

financial management please help me The Caribou Pipeline Company projects a pattern of inflows from the investment shown in the following table. The inflows are spread over time to reflect delayed...

Q:

Lights, Camera, and More sells filmmaking equipment. The company offers three purchase options:() pay full cash today, (2) pay one- half down and the remaining one-half plus 10% in one year, or (3)...

Q:

Problem II - Textbook Exercise 16.6.1 (2 points) Consider the game in Table 16.6.2, "A Variation of the Price Cutting Game" and consider a strategy in which firm 1 prices high in odd numbered...

Q:

The Caribou Pipeline Company projects a pattern of inflows from the investment shown in the following table. The inflows are spread over time to reflect delayed benefits. Each year is independent of...

Q:

15. Find the NPV for the following: Show your work Sakoulgte NPV 4.00% 200.00 Interest Rate Initial Investment Net Cash in Flows Yr1 Yr. 2 Yr3 60.00 80.00 P0.00 NPV 16. What is a Triple Net Lease? a...

Q:

Lights, Camera, and More sells filmmaking equipment. The company offers three purchase options: (1) pay full cash today, (2) pay one-half down and the remaining one-half plus 10% in one year, or (3)...

Q:

Excel Help: Assignment 20 (Chapter 6, Level 2 Case)Mortgage Calculator Instructions: Show all formula work for each Fill in the mortgage calculator using the followinginformation: Mortgage Amount:...

Q:

7.Lease Accounting and Pro Forma Analysis. When answering the following questions regarding Whole Foods Market, Inc. (WFM), use WFM's definition of operating income and assume the following for the...

Q:

Exercise A3-17 (Algorithmic) Present Values Use Present Value Tables or your calculator to complete the requirements below. Required: a. Determine the present value of a single $13,000 cash flow in 7...

Q:

Nationwide Magazine sells 65,000 subscriptions on account in March. The subscription price is $18 each. The subscriptions start in April The journal entry in March would include a: O A. credit to...

Q:

In July 2004, Emellie Anderson hired Kenneth Whitten, a licensed building contractor, to construct a two-story addition to her home. The bottom floor was to be a garage and the second floor a home...

Q:

13. Empirical Formula and Combustion Analysis Calculations. i.) A compound containing only carbon and hydrogen was found to be 81.80% carbon. What is the empirical formula? The molar mass of the...

Q:

What is true about capital expenditures on a cash flow statement?

Q:

Questions Q1. Write a Python program to retrieve the first and last colors from the following list: color_list = ["red", "green", "white", "blue", "black") Q2. Given the following dictionary,...