× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
Memphic Memphic
wrote...
Posts: 728
Rep: 0 0
6 years ago
If the current rate of interest is 8% APR, then the present value of an investment that pays $250 per quarter and lasts 20 years is closest to:
A) $18,519
B) $48,443
C) $9936
D) $20,000
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
Authors:
Read 84 times
1 Reply

Related Topics

Replies
wrote...
6 years ago
C
Explanation:  C) PV = C/r (1 - (1 + r)-N) = 250/.02 (1 - (1 + 0.02)-80)
PV = $9936.13
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  956 People Browsing
Related Images
  
 1048
  
 289
  
 979
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 308