LiliGrey7612
26.06.2020 •
Business
Rick is planning to invest the following amounts at 7 percent: $254 at the end of year 1, $412 at the end of year 2, and $1,230 at the end of year 3. How much money will he have saved at the end of year 3
Solved
Show answers
More tips
- F Food and Cooking Delicious and Simple Fillings for Pies...
- H Health and Medicine How to Help Men Gain Weight?...
- A Auto and Moto Discovering the Leader: What is the Most Expensive Car in the World?...
- H Health and Medicine Hangover: How to Get Rid of It Quickly?...
- S Style and Beauty How to Choose the Right Fur Coat and Avoid Regrets?...
- C Computers and Internet How to Create a Folder on Your iPhone?...
- G Goods and services How to sew a ribbon: Tips for beginners...
- F Food and Cooking How to Make Mayonnaise at Home? Secrets of Homemade Mayonnaise...
- C Computers and Internet Which Phone is Best for Internet Surfing?...
- F Food and Cooking Everything You Need to Know About Pasta...
Answers on questions: Business
- B Business Type the correct answer in the box. Spell all words correctly. Which technology should Andrea use? Andrea owns a potato chips manufacturing unit. She has been getting complaints...
- B Business Moab inc. manufactures and distributes high-tech biking gadgets. it has decided to streamline some of its operations so that it will be able to be more productive and efficient....
- B Business Makers Corp. had additions to retained earnings for the year just ended of $285,000. The firm paid out $180,000 in cash dividends, and it has ending total equity of $4.85 million....
- B Business WHAT IF THE FACTS WERE DIFFERENT?1. Assume that the trucking firm did not do business in Florida but was just passing through. Could Marya still sue in Florida?2. Why? Yes, if...
- B Business Many Americans are selling their used cars and buying new fuel-efficient hybrids. Other things remaining the same, in the market for used cars, and in the market for hybrids...
- B Business Which method for calculating a credit card balance does not take into account the purchases made during the current billing cycle but does take into account the payments made...
- B Business As tattoos have become more accepted and elaborate, tattoo artists now make incomes that surpass many jobs in the white-collar service sector. Some tattoo artists are celebrities...
- B Business Which of the following statements is true? A. Inventoriable costs are assigned to inventories under GAAP. B. Product costs and design costs are interchangeable terms....
- B Business I WILL GIVE BRAINLIEST IF YOU DO THIS! GO ON YT Helen Herrera With 84 Subs! Sub now...
- B Business I WILL GIVE BRAINLIEST IF YOU DO THIS! GO ON YT Helen Herrera With 81 Subs! Sub now...
Ответ:
$1,961.65
Explanation:
The formula for finding future value :
FV = P (1+r)^n
P = Present value
R = interest rate
N = number of years
First step is to find the present value of the cash flows.
PV can be found using a financial calculator
Cash flow in year 1 = $254
Cash flow in year 2 = $412
Cash flow in year 3 = $1,230
I = 7%
Present value = $1,601.29
I would now input the value of p in the FV formula
$1,601.29 ( 1 + 0.07) ^3 = $1,961.65
To find the PV using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Ответ:
87.9
Step-by-step explanation: