Answer:
The present value is $0.86.-
Explanation:
Giving the following information:
Future Value (FV)= $1
Number of periods (n)= 3 years
Interest rate (i)= 5% = 0.05
<u>To calculate the present value (PV), we need to use the following formula:</u>
PV= FV/(1+i)^n
PV= 1/(1.05^3)
PV= $0.8634
The present value is $0.86.-
Explanation:
The determination of the maturity date and the interest for each notes is as follows
Contract date Maturity Month Maturity Date Interest expenses
March 19 May 18 $280
May 11 August 9 $660
October 20 December 4 $105
For March 19, the interest expense calculation is
= $28000 × 6% × 60 days ÷ 360 days
= $280
For May 11, the interest expense calculation is
= $33,000 × 8% × 90 days ÷ 360 days
= $660
For October 20, the interest expense calculation is
= $21000 × 4% × 45 days ÷ 360 days
= $105
Examples of organizational process assets include policies and procedures, guidelines, information systems, financial systems, management systems, lessons learned, and historical information.
Based on the interest rate given, the deal that was tossed by the quarterback will be $107.36 million.
<h3>What is an interest rate?</h3>
It should be noted that an interest rate simply means the amount that's charged by a lender. It's a percentage of the principal.
In this case, since the interest rate has been given, the kind of deal that was tossed will be:
= (3.5 + 7.6/1.11) + 18.6)1.11² + 25.2/1.11³ + 25.5)/1.11⁴ + 25.6/1.685
= 107.34 million
Learn more about interest rate on:
brainly.com/question/25793394
