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Nostrana [21]
3 years ago
12

Interest rate is 3% and total of 4370.91 will be paid to you at the end of 3 years shat us the present value of that sum

Business
1 answer:
Inessa [10]3 years ago
3 0
$4000
1st. yr. 4000+3%=4120
2nd. yr. 4120+3%=4243.6
3rd. yr. 4243+3%=4370.91
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Answer:

Benefits from related & unrelated diversification.

Explanation:

Firms' benefit(s) from related diversification :

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Firms' benefit(s) from unrelated diversification :

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What is the rate of interest on a loan of $2,000, for 284 days, if the amount of interest is $93.37, using the exact interest me
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Exact interest method is using 365 days instead of 360.

 

We are going to use the formula: I = Prt, we will derived the formula of rate.

r = I /Pt would be our formula, plugging in our amounts.

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To check:

I = Prt

= 2000 x 0.06 x 284/365

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