assuming the interest rate over the 5 years was a steady 9%
2007-11-01 09:30:46 · 4 answers · asked by brewfitzgerald2002 2 in Business & Finance ➔ Personal Finance
$153,862.40
2007-11-01 09:35:42 · answer #1 · answered by Anonymous · 0⤊ 0⤋
P/F for n = 5 i = 9%
P/F = 0.4604
$100,000 x 0.4604
They really payed you based on present worth $46,040.00
2007-11-01 18:26:45 · answer #2 · answered by dennisgonzalezdgm 4 · 0⤊ 0⤋
$100,000.00
Now if you mean if you lend out $100,000.00 for 5 years at 9% compunded annually what would you receive at maturity? The answer is:
FV= PV(1+r)^t
FV= Future Value
PV= Present Value ($100,000.00)
r= rate per compounding period (0.09)
t= number of compounding periods [^t representing to the t power] (5)
FV= $100,000 (1.09)^5 = $153,862.40
2007-11-02 17:23:17 · answer #3 · answered by tiescore 6 · 0⤊ 0⤋
Nick B needs to do it the other way, I think. You receive $100,000 in the future, what is the PV @ 9%.
2007-11-01 16:46:28 · answer #4 · answered by Anonymous · 0⤊ 0⤋