Ask Question
6 March, 11:04

How much is $100 to be received in exactly one year worth to you today if the interest rate is 20 %?

+2
Answers (1)
  1. 6 March, 11:17
    0
    Final Value = $120

    Explanation:

    Giving the following information:

    How much is $100 to be received in exactly one year worth to you today if the interest rate is 20 %.

    We need to calculate the future value of the principal and the compounded interest:

    FV = PV * (1+i) ^n

    FV = 100*1.20^1 = $120
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How much is $100 to be received in exactly one year worth to you today if the interest rate is 20 %? ...” 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