Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. an investment will pay $20,500 at the end of the f

An investment will pay $20,500 at the end of the first year, $30,500 at the...

80.2K

Verified Solution

Question

Accounting

An investment will pay $20,500 at the end of the first year, $30,500 at the end of the second year, and $50,500 at the end of the third year. (FV of $1, PV of $1, FVA of $1, and PVA of $1)(Use the appropriate factor(s) from the tables provided.)

Determine the present value of this investment using a 8% annual interest rate. (Round your answer to nearest whole dollar.)

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

Finance
1.2K views

Do you believe managers should focus directly on the stock's actual market price or its intrinsic...

Biology
1.2K views

At the end of the semester we discussed DNA damage and repair systems. Then we read...

Biology
1.2K views

In undisturbed rock, lower layers are older and upper layers are younger. This principle, called...

Physics
1.2K views

21 A mixture of 2 moles of helium gas atomic mass and 1 mole of...

Calculus
1.2K views

Use the table to find the instantaneous velocity of y at the specified value of...

Calculus
1.2K views

In June 2000 in the US there were 9135 wildfires that burned a total of...

Calculus
1.2K views

Determine the open intervals on which the function is increasing decreasing or constant Enter your...

Algebra
1.2K views

Consider the following system of linear equations 2y 2z2w 2 7y 3z 4w q 3x...

Algebra
1.2K views

e 4 5 4 3 2 1 32 5 4 3 2 1 t i...

Algebra
1.2K views

What are the x intercept s of the function f x Ox 9 Ox 0...

Accounting
1.2K views

which of the following is not a flow object? Gateways Message events activities message flows...

Accounting
1.2K views

Complete Income Statement Chapter 9 Question 1 of 1 > Concord Corporation's unadjusted...