1.Compute the PV of a $13,395.00 payment made in 7 years when the discount rate...
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Accounting
1.Compute the PV of a $13,395.00 payment made in 7 years when the discount rate is 8.23%.
$8,217.29
$8.006.37
$7,700.33
$7,429.95
2)You deposit $425.00 into an account which pays 1.25% for the first two years. However, the rate of interest drops to 0.75% thereafter. About what is the value of your investment four years from today [assme annual compounding].?
$446.65
$442.25
$426.28
$20.37
3.You have $3,000.00 in an account that pays 3.2% annual interest. About how many additional dollars of interest would you earn over a two years period if you moved the money to an account earning 5.1%?
$57.00
$87.23
$118.73
$128.54
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