* Your answer is incorrect. Margaret Moore has been offered a future payment of $970...

90.2K

Verified Solution

Question

Finance

image
* Your answer is incorrect. Margaret Moore has been offered a future payment of $970 two years from now. If she can earn an annual rate of 7 30 percent compounded daily, on her investment, what should she pay for this investment today? (if you solve this problem with algebra round intermediate calculations to 5 decimal places, in all cases round your final answer to the nearest penny) Amount to be invested today $ 83824521

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