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QUESTION
What single investment made today earning 15% annual interest will be worth 6,000 at the end of 12 years b.
a. What single investment made today earning 15% annual interest will be worth 6,000 at the end of 12 years
b.What is the present value of $6000 to be received at the end of 12 years if the discount rate is 15%
c.What is the most you would pay today for a promise to repay you $6,000 at the end of 12 years if your opportunity cost is 15%
d. Compare and contrast the findings in part a thru c
Single investmentFuture Value of Investment FVRate RYears nx*(1+r)^n = FVx* = FV /(1+r)^nsingle investment required today part bFuture Value of Investment FVRate RYears nPresent Value of...