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itzandrea456
18.10.2020 •
Business
WHICH ADVANTAGES ARE PART OF RENTING A HOME?
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Ответ:
you get to move if you find yourself not really liking the home
Explanation:
Ответ:
Present Value= $121,203.32
Explanation:
Giving the following information:
Peter Lynchpin wants to sell you an investment contract that pays equal $12,100 amounts at the end of each of the next 21 years.
Rate of return= 8%
To calculate the present value, first, we need to determine the future value using the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual pay= 12,100
n= 21
i= 0.08
FV= {12,100*[(1.08^21)-1]} / 0.08
FV= $610,117.35
Now, we can determine the present value, therefore, the amount is worth today.
PV= FV/(1+i)^n
PV= 610,117.35/ 1.08^21= $121,203.32