gomezjuana123
29.10.2020 •
Business
Calculate, to the nearest cent, the present value of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. HINT [See Quick Example 4.] 5 years, at 1.2% per year, compounded weekly (52 times per year)
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Ответ:
$941.77
Explanation:
The formula for present value when interest is compounded on a weekly basis is shown below:
PV=FV/(1+r/t)^(nt)
FV=future cash flow=$1000
r=interest rate=1.2%
t=number of times interest is compounded yearly=52
n=number of years prior to receiving the future amount=5 years
PV=1000/(1+1.2%/52)^(5*52)
PV=1000/(1+0.000230769 )^260
PV=1000/(1.000230769)^260
PV=$941.77
Ответ:
A punching bag, writing down on paper, talking with someone, play, do a fun activity, get a stress reliever toy.