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Sever21 [200]
3 years ago
8

$500 at 3.2% for 3 years $450 at 3.1% for 4 years $515 at 3% for 3 years?

Business
1 answer:
kkurt [141]3 years ago
4 0
What’s the full question? Depending on how fast you want to pay It off you could do the 515 at 3% for 3 years! But I’m not understanding why The payment is higher?
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Which of the following is true about finding the present value of cash flows? Finding the present value of cash flows in future
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Answer:

The correct answer is A: %70,154

Explanation:

Giving the following information:

True: Finding the present value of cash flows in future years tells you how much you would need to invest today so that it would grow to equal the given future amount.

What is the value today of a $158,000 cash flow expected to be received 12 years from now based on an annual interest rate of 7%?

We need to use the following formula:

PV= FV/(1+i)^n

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i= interest rate

n= number of years

PV= 158000/(1.07^12)= $70,154

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Explanation:

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Answer:

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If Mo pays cash, it implies that she does not get the 3% discount she is entitled to, with the use of her credit card.  Therefore, she will bear the full cost.  However, if she uses the credit card, the discount is $4.20 ($1540 * 97%) and she will pay only $135.80 as the discounted price of the electronic reader.

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$50,000,000; $55,000,000

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In Macroland there is $10,000,000 in currency. The public holds half of the currency and banks hold the rest as reserves. If banks' desired reserve/deposit ratio is 10%, deposits in Macroland equal <u>$50,000,000 </u> and the money supply equals <u>$55,000,000</u>

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