Lisa Carson has the opportunity to receive $15,000 now or $22,000 in 4 years. If

Question

Lisa Carson has the opportunity to receive $15,000 now or $22,000 in 4 years. If Lisa can earn 9 percent on her investments, what is the present value of the $22,000 payment? (do not use the dollar sign ($) in your answer). Lisa Carson has the opportunity to receive $15,000 now or $22,000 in 4 years. If Lisa can earn 9 percent on her investments, what is the present value of the $22,000 payment? (do not use the dollar sign ($) in your answer). Lisa Carson has the opportunity to receive $15,000 now or $22,000 in 4 years. If Lisa can earn 9 percent on her investments, what is the present value of the $22,000 payment? (do not use the dollar sign ($) in your answer). Lisa Carson has the opportunity to receive $15,000 now or $22,000 in 4 years. If Lisa can earn 9 percent on her investments, what is the present value of the $22,000 payment? (do not use the dollar sign ($) in your answer).

Explanation / Answer

Hi,

Please find the answer as follows:

Present Value of 22000 Payment = 22000/(1+.09)^4 = 15585.35 or 15585

Answer is 15585.35 or 15585.

Thanks.

Related Questions

Navigate

• Browse (All)
• Browse L
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.