Math

Advanced MathQ&A LibraryPresent value is the amount of money that must be invested now at a given rate of interest to produce a given future value. For a 1-year investment, the present value can be calculated using Present value = Future value 1 + r, where r is the yearly interest rate expressed as a decimal. (Thus, if the yearly interest rate is 8%, then 1 + r = 1.08.) If an investment yielding a yearly interest rate of 13% is available, what is the present value of an investment that will be worth $4000 at the end of 1 year? That is, how much must be invested today at 13% in order for the investment to have a value of $4000 at the end of a year? (Round your answer to two decimal places.)Start your trial now! First week only $4.99!*arrow_forward*

Question

*Present value* is the amount of money that must be invested now at a given rate of interest to produce a given future value. For a 1-year investment, the present value can be calculated using

Present value =

,

Future value |

1 + r |

where *r* is the yearly interest rate expressed as a decimal. (Thus, if the yearly interest rate is 8%, then

1 + r = 1.08.)

If an investment yielding a yearly interest rate of 13% is available, what is the present value of an investment that will be worth $4000 at the end of 1 year? That is, how much must be invested today at 13% in order for the investment to have a value of $4000 at the end of a year? (Round your answer to two decimal places.)

Tagged in

Math

Advanced Math

Find answers to questions asked by students like you.

Q: 1. True or false? a) 6 | 24 b) 7 | 32 c) 12 | 132 d) n | 0 2. Find a) 60 D...

A: 1.

Q: Find the general solution for the following differential equation: t2y' - 5ty = -4y2 general solutio...

A: Given equation is t2y'-5ty=-4y2t2y2y'-5t1y=-4let v=1ydvdt=-1y2Equation becomes -t2dvdt-5tv=-4dvdt+5...

Q: 1. Now using the Fourier transformation on both sides of equation [16] and using the definition of d...

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question s...

Q: Maximizing area. A rancher wants to enclose two rectangular areas near a river, one for sheep and on...

A: Click to see the answer

Q: Show your all calculation

A: Given: The cake is removed from an oven at 350 0 F and it is placed in a room with a constant temper...

Q: Solve the ordinary differential equation

A: Click to see the answer

Q: 1.Compute the unit tangent vector to the curve parametrized by r(t)= (t,t^2,t^3) at the point r(1)

A: r(t)=(t,t2,t3) The unit tangent vector is given by T(t) the formula for which is discussed in the im...

Q: The skating rink rented 218 pairs of skates during the month of April and 3 times that many in May. ...

A: Since, from the given information: The number of pairs of skates in the month of April is 218 Th...

Q: What is the solution to the linear algebra problem that is in the attached image? Does it involve t...

A: Click to see the answer

Q: The following table shows the average returns for some of the largest mutual funds commonly found in...

A: Click to see the answer

Q: 3. Given the following Venn diagram, shade the area that represents (A O B) n C.

A: Consider the provided question, Hello. Since your question has multiple parts, we will solve the fir...

Q: What is half of 2+2?

A: Click to see the answer

Q: Show all work on your paper. Let 1 ...

A:

Q: 16. To which place value is the number rounded? alpmibe o.799 to 0.8 A) ones (B tenths © hundredths ...

A: Consider the given number 0.799. Here, the number 7 is in the tenths place, 9 is in the hundredths p...

Q: Let a = (1,2, 3), b = (1,0, –1) and c = (2, 1, 3). (a) Verify that a · (2 b+c) =2(a · b) + (a · c).

A: a=(1,2,3) , b=(1,0,-1) and c=(2,1,3)

Q: Given the following function: Ax) = 1.01e" – 4.62e" – 3.11 + 12.20 – 1.99 a) Use three-digit roundin...

A: Click to see the answer

Q: For the equation Y(X)=1+0.5^3. Determine the approximate value of the 2nd derivative at X_i=2 when h...

A: Note:- In given function there is no x term so it becomes constant. If by mistake you forgot writing...

Q: I got this question wrong on a quiz. Can you explain why "A is invertible because there are no rows...

A: Given that, The matrix A and B are row equivalent. A is invertible because A has four pivot points A...

Q: Runners in the Peachtree Road Race line up for 1 mile to start the race. If each person needs 2.5 sq...

A: Click to see the answer

Q: Need answer for subpart B

A: Click to see the answer

Q: Give 5 examples of derivative of trigonometric functions with solution

A: Click to see the answer

Q: dP Consider a rabbit population P(t) satisfying the logistic equation = aP - bP“, where B = aP is th...

A: Click to see the answer

Q: Write the number positioned at point A. D BA СЕ The number positioned at A is

A: Click to see the answer

Q: Solve the boundary-problem value: y" + 4y' + 29y = 0 y(0) = 1, y(1) = -1

A: Click to see the answer

Q: Problem 8: Determine the sphericity of cylindrical (h=5D) and disc (h =d/3) particles.

A: Formula of sphericity:

Q: A cylindricl tank 200m long and 12m in diameter is lying on its side. If the tank is half-full of a ...

A: Click to see the answer

Q: Write the expression x2 − 3y2 +2xy in matrix notation with a symmetric matrix. Is thismatrix positiv...

A: Click to see the answer

Q: Over what interval on the graph shown will the Intermediate Value Theorem (IVT) apply? 30 15 -1 -0.7...

A: Click to see the answer

Q: This is a Linear Algebra question I would like the step by step explanation to answer this problem. ...

A: Click to see the answer

Q: Please help me thanks a lot

A: According to the given information it is required to prove

Q: Determine the truth values of each of the statements if the domain for all variables consists of all...

A: Click to see the answer

Q: fay-ピy?; xt uye 14 2. 2. 9. flay) x+6y=37 3-X ニ fla.y) = Qy= 2. 8x; 2x+y=4

A: Click to see the answer

Q: A thermometer is taken from a room where the temperature is 20C to the outdoors, where the temperatu...

A: According to Newton's Law of cooling, the rate of cooling is proportional to the difference between ...

Q: Find the integrating factor and use it to find the general solution for the following differential e...

A: The given differential equation is- ty'+2y=4t-8t2+7 Therefore y'+(2y/t)=(4t-8t2+7)/...