Homework Help: Finance

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?

Finance - Student, Saturday, July 14, 2012 at 8:26am
$4,000.08

4,200 * .9524
= 4,000.08

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