IDNLearn.com is designed to help you find reliable answers to any question you have. Whether it's a simple query or a complex problem, our community has the answers you need.
time value of money: basics using the equations and tables in appendix 12a of this chapter, determine the answers to each of the following independent situations: round all answers to the nearest whole number. a. the future value in two years of $9,500 invested today in a certificate of deposit with interest compounded annually at 10 percent. $answer b. the present value of $11,000 to be received in five years, discounted at 8 percent. $answer c. the present value of an annuity of $24,500 per year for four years discounted at 12 percent. $answer d. an initial investment of $46,220 is to be returned in six equal annual payments. determine the amount of each payment if the interest rate is 16 percent. $answer
Sagot :
Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Find clear answers at IDNLearn.com. Thanks for stopping by, and come back for more reliable solutions.