Solved

If the Interest Rate Is 8% and $1 Will Be

Question 166

Essay

If the interest rate is 8% and $1 will be paid to you in 3 years,what is the present value of that dollar (to the nearest tenth of a cent)?

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q161: What is the present value of $1,000

Q162: What is the present value of $1,000

Q163: If land is not in demand,its rent

Q165: -If the usury</p></div><svg width=

Q167: -If the usury</p></div><svg width=

Q168: What is the present value of $1

Q169: -If the usury</p></div><svg width=

Q170: -How much money</p></div><svg width=

Q171: To this day the taking and giving

Q176: -How much would</p></div><svg width=

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents