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3 years ago

520.4681 rounded to the nearest thousandth

Mathematics

2 answers:

kogti [31]3 years ago

4 0

Answer:

520.468

Step-by-step explanation:

The thousandths place is lower than the value 5, therefore it is closer to the value 0.

Lera25 [3.4K]3 years ago

3 0

Answer:

520.468

Step-by-step explanation:

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If discount rate is 12%, the present value of Rs X recieved at the end of each year for the next five years is equal to

myrzilka [38]

Answer:

Present Value = $X [\frac{1}{(1 + 0.12)^{1} } + \frac{1}{(1 + 0.12)^{2} } + \frac{1}{(1 + 0.12)^{3} } + \frac{1}{(1 + 0.12)^{4} } + \frac{1}{(1 + 0.12)^{5} } ]$

Step-by-step explanation:

To find - If discount rate is 12%, the present value of Rs X received at the end of each year for the next five years is equal to .... ?

Solution -

We know that, formula for finding the Present vale is given by

Present value = Future value / (1 + r)ⁿ

where r is the rate of interest

and n is Number of periods

Now,

Here in the question, we have

r = 12% = 12/100 = 0.12

n = 5

Also, Given that, we have received Rs X at the end of each year

So,

Present Value = $\frac{X}{(1 + 0.12)^{1} } + \frac{X}{(1 + 0.12)^{2} } + \frac{X}{(1 + 0.12)^{3} } + \frac{X}{(1 + 0.12)^{4} } + \frac{X}{(1 + 0.12)^{5} }$

= $X [\frac{1}{(1 + 0.12)^{1} } + \frac{1}{(1 + 0.12)^{2} } + \frac{1}{(1 + 0.12)^{3} } + \frac{1}{(1 + 0.12)^{4} } + \frac{1}{(1 + 0.12)^{5} } ]$

⇒Present Value = $X [\frac{1}{(1 + 0.12)^{1} } + \frac{1}{(1 + 0.12)^{2} } + \frac{1}{(1 + 0.12)^{3} } + \frac{1}{(1 + 0.12)^{4} } + \frac{1}{(1 + 0.12)^{5} } ]$

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Step-by-step explanation:

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Step-by-step explanation:

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