Ask Question
25 January, 10:32

Find the following values:a. An initial $500 compounded for 1 year at 4%b. An initial $500 compounded for 2 years at 4%c. The present value of $500 due in 1 year at a 4% discount rated. The present value of $500 due in 2 years at a 4% discount rate

+4
Answers (1)
  1. 25 January, 10:55
    0
    a) A = 500 (1 +.04) ^1 = 520

    b) A = 500 (1 +.04) ^2 = 540.8

    c) A = 500 (1 -.04) ^1 = 480

    d) A = 500 (1 -.04) ^2 = 460.8
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Find the following values:a. An initial $500 compounded for 1 year at 4%b. An initial $500 compounded for 2 years at 4%c. The present value ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers