Homework Help: FINANCE 200

Posted by Rmz on Friday, December 11, 2009 at 1:11pm.

You receive $5000 three years from now. The discount rate is 8 percent.
What is the value of your investment two years from now? (Multiply 5000 by .926 (one year discount rate at 8%)

Will it be worth $9,260?

FINANCE 200 - reball, Wednesday, December 16, 2009 at 9:53pm
no the answer would be 4,630

Answer this Question

Related Questions

finance - Can someone please help me with the following question. I am not sure ...
Finance - 1. $5000.00 compunded annually at 6% for 5 years= $6,691.1279? 2. $...
Finance - You have just won the lottery and will receive $1,000,000 in one year...
finance - A 5-year annuity of ten $4500 semiannual payments will begin 9 years ...
Finance - Suppose you just inherited a gold mine. This gold mine is believed to ...
checking answers please help - 1. $5000.00 compunded annually at 6% for 5 years...
Correted Bob can you re-check? - So i pretty much had them right the first time ...
please check my answers - 1. $5000.00 compounded annually at 6% for 5 years= ...
Finance - Investment X offers to pay you $5,500 per year for nine years, whereas...
FIN200- FV, PV and Annuity Due CP - I just want to know if anyone can help me in...

For Further Reading

First Name:
School Subject:
Answer: