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3 years ago

4) What is the present value of $4000 received at the

Mathematics

2 answers:

Bingel [31]3 years ago

8 0

Answer:

$11040

Step-by-step explanation:

first of all the question says that $4000 were earned in a year and asks for what the new vale would be after the next 3 years with a discount rate of 8%.

If 1 year=$4000,then 3 years=$12000

100%-8%=92% (this happens because there is still a remaining amount that still has a cost to it),so 12000*92%=$11040

geniusboy [140]3 years ago

5 0

Answer: The answer is 33333.33

Step-by-step explanation:

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