(Related to Checkpoint 5.4) (Present value) What is the present value of $900 to be...

50.1K

Verified Solution

Question

Finance

image

(Related to Checkpoint 5.4) (Present value) What is the present value of $900 to be received 9 years from now discounted back to the present at 10 percent? The present value of $900 to be received 9 years from now discounted back to the present at 10 percent is $ (Round to the nearest cent)

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