Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
nitanikollaj nitanikollaj
wrote...
Go to Answer
Posts: 114
Rep: 0 0
3 months ago

Mark Larken promised his grandson Ralph that he would give him $3,000 six years from today for graduating high school. If money is worth 10% compounded semiannually, what is the present value of this money?

Note: Round your answer to the nearest cent.

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
Author:
Read 19 times
1 Reply
Replies
Answer verified by a subject expert
gronk44gronk44
wrote...
#1
Posts: 126
Rep: 0 0
3 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

nitanikollaj Author
wrote...

3 months ago
Just got PERFECT on my quiz
erimis
wrote...

Yesterday
Good timing, thanks!
patod1
wrote...

2 hours ago
Thanks for your help!!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1320 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1272
  
 261
  
 349
Your Opinion
How often do you eat-out per week?
Votes: 79
Previous poll results: Who will win the 2024 president election?