Find the Present Value of $70,000 Due in 4 Year(s)

question 242

Essay

Find the present value of $70,000 due in 4 year(s) at the given rate of interest. Round your answers to the nearest dollar.
6% / year compounded monthly
$__________
9% / year compounded daily
$__________

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Definitions:

Residual Value

Residual value is the estimated amount that an asset will be worth at the end of its useful life.

Capital Expenditure

Funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment to improve its long-term operations.

Net Present Value

A calculation that compares the present value of cash inflows to the present value of cash outflows over a period of time for investment analysis.

Net Income

The total earnings of a company after all expenses and taxes have been subtracted from its total revenue.