aedmund1225
20.08.2019 •
Business
You want to have $10,000 in 5 years to purchase a car. how much would you have to invest today (in the present time) to have $10,000 five years in the future if you invested at 6% (assume the present value of a single amount for 5 years at 6% is 0.747)?
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Ответ:
$ 7470
Explanation:
Given,
The present value of a single amount for 5 years at 6% is 0.747,
That is,
The ratio of present value and future value is
Let x be the present value that would be invested at 6% interest for 5 years for the future value of $ 10,000
Then the ratio of present value and future value is
Hence, the present value would be $ 7,470.
Alternative method :
Future value formula,
Where,
P = invested amount, r = rate per period ( in decimals ), t = number of periods,
Here, A = 10,000, r = 6% = 0.06, t = 5,
Which is nearby $ 7,470.
Ответ:
omg
Explanation:need this answer right now