Post a New Question
posted by j on Wednesday, March 7, 2012 at 7:28pm.
Suppose your bank account will be worth $4,200.00 in one year. The interest rate (discount rate) that the bank pays is 5%. What is the present value of your bank account today?
$4,000.08 4,200 * .9524 = 4,000.08
More Related Questions