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

The last battle of the war was fought at — ? Fighting The Revolutionary War

Use the quadratic formula to find the solutions to the equation. X^2-3x+1=0

How many ways can a president, vice-president, secretary, and treasurer be chosen from a club with 8 members?

Use a protractor to measure the angle formed by each pair of lines

HELP!!! A fusion reaction takes place between carbon and another element. Neutrons are released, and a different element is formed. The different element is...

in literature, what is tone

In which quadrants do solutions for the inequality y is greater than one fifth times x plus 3 exist? I and II I, II, and III I, III, and IV All four quadra

why is it so important to record all the data in a science experiment

HELPPPPP PLEASEEEE!!!!!! Just number 9

Complete the table by filling in the missing information Name Variables Constants Equation Boyle's law PV =k C volume, temperature pressure, moles of gas volume