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3 years ago

How much would $20,000 due in 50 years be worth today if the discount rate were 7.5%?

Business

1 answer:

Eduardwww [97]3 years ago

6 0

Answer:

$537.78

Explanation:

In order to find the present value of a future payment we discount it using a discount rate. The formula for that is

Present value = Future value/(1+Rate)^Number of years.

In this case we know the future value is $20,000, the discount rate is 7.5% and the number of years are 50, so we just input these numbers in the formula to find the present value or worth today.

Present value = 20,000/(1+0.075)^50

=537.78

$20,000 due in 50 years would be worth $537.78 today if discounted by 7.5%

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which, among the undernoted inter-market demand correlations, would make pooling work most effectively in order to reduce demand

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Explanation:

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2 years ago

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Answer:

Dr Bad debt expense 28,799.40

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Explanation:

allowance for doubtful accounts balance $14,000

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total $42,799.40

Journal entry

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3 0

3 years ago

How can short term goals best lead towards accomplishing long term career goals?

musickatia [10]

Answer:

they help you focus on how to get to your long term goal, like how you focus on the drive not the destination.

Explanation:

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3 years ago

Donham Corporation had $25,000 of raw materials on hand on May 1. During the month, the Corporation purchased an additional $65,

BlackZzzverrR [31]

Answer:

d. $66,000

Explanation:

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Dr. Cr.

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4 years ago

The ratio of earnings to sales for a given time period is a firm's profit margin.

slega [8]

Answer:

The answer is: True

Explanation:

The profit margin of a business can be calculated using the following formula:

gross profit margin = (gross profit / net sales ) x 100
net profit margin = (net income / net sales) x 100

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3 years ago