Description
An accounting firm has ordered 44 new computers at a cost of $1798 each. The machines will not be delivered for 6 months. What amount could the firm deposit today in an account paying 3.81% simple interest to have enough money to pay for the machines in 6 months? The present value PV of a future amount of FV dollars at a simple interest rate r fort years is given by which formula? 1 + rt O A. PV = FV OB. PV = FV(1 + rt) O C. PV = rt(1 + FV) FV OD. PV = 1+rt The firm should deposit $ (Round to the nearest cent as needed.)
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