An investment will pay you $65,000 in 10 years. If the appropriate discount rate is 7 percent compounded daily, what is the present value? Future value of investment Number of years Discount rate Times compounded per year $ 65,000 10 7% 365 Complete the following analysis. Do not hard code values in your calculations. Your answer should be positive. Present value of investment
An investment will pay you $65,000 in 10 years. If the appropriate discount rate is 7 percent compounded daily, what is the present value? Future value of investment Number of years Discount rate Times compounded per year $ 65,000 10 7% 365 Complete the following analysis. Do not hard code values in your calculations. Your answer should be positive. Present value of investment
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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i need the excel formula
![An investment will pay you $65,000 in 10 years. If the appropriate discount rate is 7
percent compounded daily, what is the present value?
Future value of investment
Number of years
Discount rate
Times compounded per year
$
65,000
10
7%
365
Complete the following analysis. Do not hard code values in your calculations.
Your answer should be positive.
Present value of investment](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fab2cae91-b738-4378-9d2b-34dbb8327a9e%2F29dcf2e2-fa4a-4c7f-92cc-06d8f036d926%2Fzg61e2_processed.png&w=3840&q=75)
Transcribed Image Text:An investment will pay you $65,000 in 10 years. If the appropriate discount rate is 7
percent compounded daily, what is the present value?
Future value of investment
Number of years
Discount rate
Times compounded per year
$
65,000
10
7%
365
Complete the following analysis. Do not hard code values in your calculations.
Your answer should be positive.
Present value of investment
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