3.- Carmen Arámbula received her paycheck on August 15 for $23,450.00, and decided to invest it immediately, with a 60-day term, at the end she received $23,918.35. At what annualized interest rate did she invest it? Take the actual year.

Q: Janet purchased a new house for $120,000, obviously not in New York. She paid $35,000 down and…

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A:

Q: Using the situations provided in Exercise 1, compute the annual interest, total interest and amount…

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Q: value of the investment after 5 years b) How much interest was earned

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A:

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Q: rest per year, and SOY Rural Bank pays 10% per year. If the total interest earned on the investment…

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A: formula for interest : interest =principal ×rate×time100

Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.