Saturday, February 25, 2012

20. Use a financial calculator or computer software program to?

20. Use a financial calculator or computer software program to

answer the following questions.

a. What is the present value of $359,000 that is to be received at

the end of twenty-three years, the discount rate is 11 percent,

and semiannual discounting occurs?

b. How would your answer for (a) change if monthly discounting

were used?20. Use a financial calculator or computer software program to?
a) PV = $30,583.09

b) PV = $28,929.62 and here is the electronic online program that does it for you:



http://www.calculatorsoup.com/calculator鈥?/a>20. Use a financial calculator or computer software program to?
a. FV is 359,000, N is 46, R is 5.5%. Compute PV of 30,583



b. N becomes 12 x 23. R will be 11% / 12

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