How much would $9,000 t8 be received at the end of 50 years be worth today if the required rate of return is 7.5%? $285.02 $153.89 $223.82 $242.00 $693.65

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
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How much would $9,000 t8 be received at the end of 50 years be worth today if the required
rate of return is 7.5%?
$285.02
$153.89
O $223.82
$242.00
E $693.65
Transcribed Image Text:How much would $9,000 t8 be received at the end of 50 years be worth today if the required rate of return is 7.5%? $285.02 $153.89 O $223.82 $242.00 E $693.65
Expert Solution
Step 1

Using excel,

FV is 9,000

Rate = 7.5%

Time (nper) = 50 years

PMT = 0

PV = ?

 

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