Is a standard set of terms and graphical notations for documenting business processes.
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Ответ:
Ответ:
D. $2,070
Explanation:
First, convert $2500 real dollar amount at year 10 to to nominal amount;
If inflation rate is 5% per year, then in 10 years the inflation will compound to the following;
1.05^ 10 = 1.6289
Therefore, the nominal amount of your savings would be
= $2500*1.6289
= $4,072.25
Next, that would be your future value( FV), find its present value using the 7% as the discount rate. On a financial calculator, input the following;
FV = 4,072.25
I/Y = 7%
N= 10
PMT = 0
then compute present value ; CPT PV = $2,070