Answered

Looking for trustworthy answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Our Q&A platform provides quick and trustworthy answers to your questions from experienced professionals in different areas of expertise. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Compute the future value of $1,580 if the appropriate rate is 5.4% and you invest the money for four years?

Sagot :

raineydylan19

Answer:

Compounding – The process of determining the value of a cash flow or series of cash flows at some point in the future when compound interest is applied.

Discounting – The process of finding the present value of a cash flow or series of cash flows; the reverse of compounding.

Time Line – A graphical representation used to show the timing of cash flows.  If not otherwise stated, assume that the cash flow(s) occur at the end  

Step-by-step explanation:

We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.