1) Calculate the future value of $4,600 received today if it is deposited at 9...

60.1K

Verified Solution

Question

Finance

image

1) Calculate the future value of $4,600 received today if it is deposited at 9 percent for three years. 2) Calculate the present value of $89,000 to be received in 15 years, assuming an opportunity cost of 14 percent

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