masonskylar43 masonskylar43

04-02-2020
Mathematics

contestada

Find the present value. Assume there are 360 days in a year.

FV = $83870
t = 226 days
r = 6.8%

Respuesta :

DevonFen DevonFen

10-02-2020

Therefore the present value = $ 80517.91

Step-by-step explanation:

[tex]PV = FV \div (1+i)^n[/tex]

Here FV = $83870

i = 6.8% = 0.068

[tex]n = \frac{226}{365}[/tex] =0.62

Therefore,

[tex]PV=\frac{83870}{(1+0.068)^{0.62}}[/tex]

=$80517.91

Therefore the present value = $ 80517.91

Answer Link

Otras preguntas

What is x^2+8x-5 in vertex form? Please explain.

a sporting goods store offers a 40% discount on all gulf clubs. rocco spent 20% of the money in his savings account on a golf putter. he paid $48 for the putter

Cheryl has some oranges. she puts the oranges into p boxes of 3 oranges each and has 2 oranges left. Find the total number of oranges Cheryl has in terms of p

What did Enlightenment thinkers believe predated society and was superior to the laws of the church or the state?

which of the following did not trigger Haiti's fight for independence

What did Enlightenment thinkers believe predated society and was superior to the laws of the church or the state?

by what length is is 0.5 m less than 10.05

What's the difference between Romanesque and Gothic style buildings?

what is 20/7 as a mixed number what is 9/4 as a mixed number what is 22/5 as a mixed number what is4/3 as a mixed number

PLEASE CHECK MY ANSWERS (PART 2)