If the present value of a cash flow at an annual rate of interest of 4.5% is $30000, what is the yearly cash flow? Assume that interest is compounded annually and round to the nearest cent. The yearly cash flow is s

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
ChapterCSR: Contents Of Student Resources
Section: Chapter Questions
Problem 7.36EP
icon
Related questions
Question
If the present value of a cash flow at an annual rate of interest of 4.5 %
is $30000, what is the yearly cash flow? Assume that interest is
compounded annually and round to the nearest cent.
The yearly cash flow is
TIP
Enter your answer as an integer or decimal number. Examples: 3,
-4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity
Transcribed Image Text:If the present value of a cash flow at an annual rate of interest of 4.5 % is $30000, what is the yearly cash flow? Assume that interest is compounded annually and round to the nearest cent. The yearly cash flow is TIP Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Enter DNE for Does Not Exist, oo for Infinity
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,