A 74236 will be received in 14 years the appropriate, Ask an Expert

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A) $74,236 will be received in 14 years. The appropriate discount rate is 6.14%. What is the present value of this sum of money? Write your answer as a positive number.

B) For an annuity in arrears, what annual payment is required to accumulate $493,955 in 14 years at an interest rate of 12.82? Key your answer in as a positive number.

C) To stay "even" (same purchasing power) with inflation forecast at 4.7% per year, what would your salary need to be in 9 years if you currently earn $51,674 per year? Key your answer in as a positive number.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92800164

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