Ask a New Question
Menu

what is the present value of $2500 per year for 9 years discounted back to the present at 11 percent?

2 answers

P=FV/(1+.11)^9
P=2500/(1.11)^9

P=$977.31
That answer is way off, grow up!
Similar Questions
  1. What is the value of the following future amount?a)RM800 to be received 10 years from now discounted back to present at 10%.
    1. answers icon 0 answers
  2. What is the value of the following future amount?a)RM800 to be received 10 years from now discounted back to present at 10%.
    1. answers icon 0 answers
    1. answers icon 1 answer
  4. QUESTION #1cost analysis with graph office copier has an initial price of $2500. A service contract costs $200 for the first
    1. answers icon 0 answers
more similar questions