Answer:
PV= $30,111.98
Explanation:
Giving the following information:
Future value= $60,000
Number of periods= 8
Interest rate= 9%
<u>To calculate the initial investment, we need to use the following formula:</u>
FV= PV*(1+i)^n
<u>Isolating PV:</u>
PV= FV/(1+i)^n
PV= 60,000 / 1.09^8
PV= 30,111.98
Answer:
sure thing
Explanation:
its all set up for you. here is your username and password. I dont have access to your account just to let you know
username: fun05934
Password:funnyguy67
The carrying value of a bonds at the time of maturity will always equals: par value.
<h3>What is Par value?</h3>
Par value can simply be defined as the price of a bond or face value of a bond.
The carrying value of bonds at the time of maturity will always equals par value by adding or lessing the carrying amount or unamortized discount or unamortized premium.
Inconclusion the carrying value of a bonds at the time of maturity will always equals: par value.
Learn more about par value here:brainly.com/question/25765493
Answer:
A sudden sharp reduction in the availability of money or credit from banks and other lenders.