Posted by **Eloisa** on Monday, July 27, 2009 at 5:16pm.

Present Value

suppose your bank account will be worth $7000 in one year. The interest rate (discount rate) that the bank pays is 8%. What is the present value of your bank account today? What would the present value of the account be if the discount rate is only 3%

## Answer this Question

## Related Questions

- Finance301 - Suppose your bank account will be worth $15,000.00 in one year. The...
- Finance - Suppose your bank account will be worth $4,200.00 in one year. The ...
- Finance - Suppose your bank account will be worth $4,200.00 in one year. The ...
- math - Suppose $5000 is deposited in a bank account that compounds interest four...
- math - Suppose $5000 is deposited in a bank account that compounds interest ...
- calculus - Suppose $5000 is deposited in a bank account that compounds interest ...
- math - You receive $12,000 and looking for a bank to deposit the funds. Bank A ...
- math - You receive $12,000 and looking for a bank to deposit the funds. Bank A ...
- Math Help!!!!! - 4) Jim has been offered a substantial cash discount if he pays ...
- Finance - You receive $12,000 and looking for a bank to deposit the funds. Bank ...

More Related Questions