Accessibility tab summary: Students please use the information below to complete the question completing the required cells. Given information for this question is presented in rows 6 through 9. The required answer is in row 15. An investment will pay you $95,000 in 10 years. If the appropriate discount rate is 9 percent compounded daily, what is the present value? Input area: Future value of investment $95,000 Number of years 10 APR 9% Compounding periods per year 365 (Use cells A6 to B9 from the given information to complete this question. Your answer should be a positive value.) Output area: Present value of investment
Accessibility tab summary: Students please use the information below to complete the question completing the required cells. Given information for this question is presented in rows 6 through 9. The required answer is in row 15. An investment will pay you $95,000 in 10 years. If the appropriate discount rate is 9 percent compounded daily, what is the present value? Input area: Future value of investment $95,000 Number of years 10 APR 9% Compounding periods per year 365 (Use cells A6 to B9 from the given information to complete this question. Your answer should be a positive value.) Output area: Present value of investment
Chapter13: Investment Fundamentals
Section: Chapter Questions
Problem 3DTM
Related questions
Question
am. 111.
Transcribed Image Text:Accessibility tab summary: Students please use the information below to complete the question completing the
required cells. Given information for this question is presented in rows 6 through 9. The required answer is in row
15.
An investment will pay you $95,000 in 10 years. If the appropriate discount rate is 9 percent compounded daily,
what is the present value?
Input area:
Future value of investment $95,000
Number of years 10
APR 9%
Compounding periods per year 365
(Use cells A6 to B9 from the given information to complete this question. Your answer should be a positive value.)
Output area:
Present value of investment
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