Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. i am trying to solve this problem by inputing the

I am trying to solve this problem by inputing the n, i/y, pv, pmt, and...

90.2K

Verified Solution

Question

Finance

I am trying to solve this problem by inputing the n, i/y, pv, pmt, and fv in my ba ii plus calculator please. The answer is $63.5 but i just need to know how to solve it this way.
image
1. Assume you are living in a world with 0 inflation rate and 0 interest rate (no investment opportunity). Your favorite rock band, Metallica, just arrived in your town and you are willing to pay $100 for their concert today. Alternatively, you have to wait a year later when they tour again. You feel that, if you have to wait another day to see the band, your unhappiness will increase, which is equivalent to losing 10 cents to you. How much would you pay for a Metallica's concert a year from now

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Listed below are systolic blood pressure measurements​ (mm Hg) taken from the right and left arms...

Statistics
Q

700nm light strikes a 12,000 lines / cm diffraction grating a) determine the angular separation of...

Physics
Q

Example of using steel bar in concrete (choose your own example including picture/drawing/sketch).

Civil Engineering
Q

Step 1: Identify and Solve a Typical Problem There are a number of typical models in...

Advance Math
Q

10 Spot size on ladybugs is controlled by one gene In a certain population of...

Biology
Q

Part 1 of 2 O Points 0 of 1 The diameter of a cylinder is...

Geometry
Q

Determine the monthly principal and interest payment for a 20 year mortgage when the amount...

Basic Math
Q

47 Describe the graph of the equation r cos 8 2 A a line perpendicular...

Calculus
Q

Connect Saved Help Sa Accepting a special arder will improve overall net operating income if...

Accounting
Q

The current tax year is 2023. Joe operates a business that locates...

Accounting
Q

Over the years it is established that the common element in any qualit communication change...

Accounting
Q

X Company is considering buying a part next year that it currently makes. The budgeted...

Accounting