Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you will receive a gift of $90,791 in 10 years. if

You will receive a gift of $90,791 in 10 years. If the correct discount rate...

90.2K

Verified Solution

Question

Finance

You will receive a gift of $90,791 in 10 years. If the correct discount rate is 6 percent, what is the present value of your gift? Answer to the nearest cent and do not include the $ sign. For example, if the price is $100.25, you should enter 100.25 as the answer.

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

How is NMR techniques better than IR? please provide detailed pros and cons. Many thanks

Chemistry
Q

what is the principle axis of a system of particles? how can it be calculated?

Physics
Q

Describe the type of connection (series or parallel) that you feel is the most adequate for...

Electrical Engineering
Q

Find k such that the following matrix M is singular M 4 4 4 9...

Basic Math
Q

5 4 3 2 4 Part 1 of 7 2 1 3 y k x...

Basic Math
Q

If f(x) = log3(x), what is the transformation that occurs if g(x) = -log3(x)? (Enters...

Basic Math
Q

Graph of 18 The graph of a function is shown above Which of the following...

Calculus
Q

Question Ruth owns Boaz Company which deals in household wares. Its unadjusted trial balance as...

Accounting
Q

Name: Date Long Island Veterinary Hospital had the following unadjusted trial balance as of...

Accounting
Q

Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information...

Accounting
Q

On September 10, 2020, Sage Corporation, a publicly traded company, purchased 15,700 common shares in...

Accounting
Q

Required: Jand, Incorporated, currently pays a dividend of \\( \\$ 1.22 \\), which is expected...

Finance