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 16 times 3/8

How should a well-crafted business report begin?

what is the answer for this

Help with 1. On Tuesday

Which of the following is an example of an act of civil disobedience? performing a protest song burning a draft card in public declaring opposition to a war dec

In the study of cancer, researchers have used different types of cells, different environmental conditions, and different experimental designs. But, all researc

write two monomials whose greatest common factor is 4m

If white light falls on a piece of white paper in a dark room, the paper appears white to the eye. This is because the paper reflects all the colors of light th

the federal government relies mostly on revenue from

Carter sold 4 identical pillows for $54. For how much would Carter sell 10 of the same pillow? Show your work.