The formula to calculate the discounted value of a single payment received in the future is which of the following? O FV+ (1+r) O PV X (1+r) O FV X (1-(1+(1+r)") = r O PV x ((1+r)-1)+r

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter4: Income Exclusions
Section: Chapter Questions
Problem 61P
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The formula to calculate the discounted value of a single payment received in the
future is which of the following?
O FV+ (1+r)^
OPVX (1+r)"
O FV X (1-(1+(1+r)") r
O PV x ((1+r)-1)+r
Transcribed Image Text:The formula to calculate the discounted value of a single payment received in the future is which of the following? O FV+ (1+r)^ OPVX (1+r)" O FV X (1-(1+(1+r)") r O PV x ((1+r)-1)+r
The total debt payment is $1,600, the remaining principal balance before the next
payment was $48,400, and the principal amount of this payment is $1,200. What
would the remaining principal balance be after the payment?
O $48,000
O $47,200
O $46,800
O $49.200
Transcribed Image Text:The total debt payment is $1,600, the remaining principal balance before the next payment was $48,400, and the principal amount of this payment is $1,200. What would the remaining principal balance be after the payment? O $48,000 O $47,200 O $46,800 O $49.200
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