Top Posters
Since Sunday
w
3
w
3
e
3
3
r
3
b
2
M
2
V
2
f
2
c
2
c
2
K
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
bernie2981 bernie2981
wrote...
Go to Answer
Posts: 3810
Rep: 26 0
8 years ago
You recently won a contest sponsored by a local radio station. The radio station will pay you $2,500 at the end of each of the next 15 years. Assuming an interest rate of 3%, what is the present value of this prize?
A) $46,498
B) $28,240
C) $42,715
D) $29,845
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 504 times
1 Reply
Replies
Answer verified by a subject expert
nucleinuclei
wrote...
#1
Top Poster
Posts: 2158
Rep: 418 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here

Related Topics

bernie2981 Author
wrote...

8 years ago
This site is awesome
Alina01978
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
mikeh209
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  575 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1276
  
 720
  
 799
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 486
Previous poll results: Who's your favorite biologist?