natashanepveu3215 natashanepveu3215

01-12-2020
Business

contestada

What is the value today of receiving $4,500 at the end of each year for the next four years, assuming an interest rate of 12% compounded annually?

Respuesta :

Аноним Аноним

01-12-2020

Answer: The correct answer should be: a. $118.

References: Solution: A = P(A/P , i, n)

A = 4,500(A/P, 1%, 48) = (4,500)(0.0263) = $118.35

(im sorry if im wrong)

Answer Link

Otras preguntas

What major debate began when delegates tried to fix the Articles of Confederation

The first type of work to be industrialized in Britain was the __________ industry a) Mining b) Railroad c) Shipping d) Textile

Nadia tossed a number cube, with faces numbered 1 to 6, in the air 60 times. It came up 6 exactly 12 times. Determine the experimental probability and theoretic

An effect of the Long March was that communists were able to recruit peasants far from the reach of the

A carbon-carbon triple bond is found in a molecule of (1) butane (3) butene (2) butanone (4) butyne

Which of the following does not occur during interphase? A. Replication B. Translation C. Cytokinesis D. An increase in the number of mitochondria

Which prefix, when added to the root -cept-, creates a word meaning “to take or leave out”?

Why does Mr. Jabez Wilson write so much in "The Red-Headed League"? A. He is filing a police report. B. He is copying an encyclopedia. C. He is a tax lawyer

h(x)=2x²+x-10 2x²+x-10=0

The Ottoman Empire reached the peak of its power and grandeur in the 1500s during the rule of __________.