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Home Q & A Board Science-Related Homework Help Mathematics
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jccruz jccruz
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4 months ago
You won a contest that will pay you $10,000 six months from today. You don't wish to wait so you tell your friend they can have the $10,000 six months from now if they give you a lump sum today. If money can earn 4.75% compounded semiannually, how much money would you expect for the prize today?

▸ $9,868.01

▸ $9,768.01

▸ $9,968.01

▸ $9,786.01

▸ $9,798.01
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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birdnuggetbirdnugget
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4 months ago
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$9,768.01
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jccruz Author
wrote...

4 months ago
This helped my grade so much Perfect
sweetalia
wrote...

Yesterday
Smart ... Thanks!
deathwing
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2 hours ago
Good timing, thanks!
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