Ask Question
22 July, 12:41

5 find the present value of $7,000 to be received one year from now, assuming a 3 percent annual discount interest rate. also calculate the present value if the $7,000 is received after two years.

+5
Answers (1)
  1. 22 July, 15:34
    0
    One year

    7000*1.03^1 = $7210.00

    two year

    7000*1.03^2 = $7426.30
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “5 find the present value of $7,000 to be received one year from now, assuming a 3 percent annual discount interest rate. also calculate the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers