Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you are to receive $1,000 every month for 50 month

You are to receive $1,000 every month for 50 months. Your rate of discount is...

90.2K

Verified Solution

Question

Finance

You are to receive $1,000 every month for 50 months. Your rate of discount is 0.6% per month. What is the present value to you of this cash flow?

a. 50.000,00

b. 43.086,23

c. 58.108,22

d. 39.196,12

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Hydrogen bromide, HBr, is a colourless gas. Consider its dissociation reaction 2HBr (g) « H2 (g)...

Chemistry
Q

class Point3d { public: Point3d(double x, double y, double z); Point3d(const point3d& p); void setX(double x); void setY(double y); void...

Programming
Q

Ask Your Teacher A scale reads 344 N when a piece of nickel is hanging from...

Physics
Q

Tom Hayden Al Haber Mario Savio Based on your own knowledge the names on the...

Biology
Q

x 135 23 62 Sines Maze Directions Find each missing side or angle Round all...

Geometry
Q

Use the properties of limits to find the given limit 9x5 4x4 2x 5 29...

Basic Math
Q

Evaluate the indefinite integral given below Provide your answer below 8 36x sec 3x 2x...

Calculus
Q

fights Minor 1st fight 66 points Minor 2nd fight 64 points Minor TB Round 1...

Algebra
Q

On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions...

Accounting
Q

Axel Company declared an $0.80 per share cash dividend. The dividend will be paid on...

Accounting
Q

Lopez Company is considering replacing one of its old manufacturing machines. The old machine has...

Accounting
Q

Brain-Tech was newly formed early in 20X9. The following information relaties to the full year...

Accounting