Present value =cash inflow*Present value of discounting factor(rate%,time period)
=3000/1.07^4
=$3000*0.762895212
=$2288.69(Approx).
Check my work How much money would you have to deposit today in order to have...
How much money would you have to deposit today in order to have $3,000 in four years if the discount rate is 8 percent per year? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))
How much money would you have to deposit today in order to have $5,000 in four years if the discount rate is 8 percent per year? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Amount of deposit
How much money would you have to deposit today in order to have $2,000 in three years if the discount rate is 6 percent per year? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) what is the amonunt of deposit ??
How much money would you have to deposit today in order to have $5,000 in five years if the discount rate is 10 percent per year? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))
Check my work You can save $2,000 per year for the next four years in an account earning 7 percent per year. How much will you have at the end of the fourth year if you make the first deposit today? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16) Future value
You need $85,000 in 10 years. If you can earn .78 percent per month, how much will you have to deposit today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Amount to deposit
Check my work Check My Work button is now enabledItem 7Item 7 6.67 points Item Skipped Solo Corp. is evaluating a project with the following cash flows: Year Cash Flow 0 –$ 29,800 1 12,000 2 14,700 3 16,600 4 13,700 5 – 10,200 The company uses a discount rate of 13 percent and a reinvestment rate of 6 percent on all of its projects. a. Calculate the MIRR of the project using the discounting approach. (Do not round intermediate...
Check my work If an ounce of gold, valued at $650, increases at a rate of 7 percent per year, how long will it take to be valued at $1,000? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Number of years
You need $77,000 in 12 years. If you can earn .44 percent per month, how much will you have to deposit today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Deposit today $
You need $76,000 in 11 years. If you can earn .43 percent per month, how much will you have to deposit today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Deposit today $