Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. what is the present value of $13,400 to be receive

What is the present value of $13,400 to be received 8 years from today? Assume...

60.1K

Verified Solution

Question

Finance

What is the present value of $13,400 to be received 8 years from today? Assume a discount rate of 5% compounded annually and round to the nearest $10.

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A 30.00-mL solution of HBr was treated with 5 mL of freshly boiled and cooled 8...

Chemistry
Q

Suppose that you encounter a fortune-teller that knows everything about the past, present, and future. If...

Psychology
Q

A rectangular channel with a base width of 3 m carries a discharge of 6 m3/s...

Civil Engineering
Q

connected between two plates which are maintained at a constant potential difference V see figure...

Physics
Q

Strategy is about analysis while tactics are about execution True False

Basic Math
Q

Probability problems that contain the words and or or are considered probability problems.Probability problems...

Basic Math
Q

Given f x and g x as shown in the graphs below gof 2 f...

Algebra
Q

The left side of the balance sheet lists a companys assets. True or False

Accounting
Q

please when you answer each question number for me each question with the exact answer....

Accounting
Q

Save Enit Check My 0 Type here to search

Accounting
Q

Case 10-17 Working Backwards from Variance Data [LO10-1, L010-2, LO10-3] Vitex, Inc. manufactures a popular...

Accounting
Q

The financial staff of Cairn Communications has identified the following information for the first year...

Finance