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What is the present value of 500 to be recieved 10 yrs from today if it is discount at the rate of 6 percent?
C1 V1= C2 V2 500x10= 7.5xV2 V2= 666.6 Final vol= 666.6-500= 166.6
i will give you a very smart trick to find the ten percent of any number in just 2 seconds. See , 10 % 0f 500 = 50.0 10 % of 3500 = 350.0 you have to put a decimal just after the unit digit's place and you are done, So for 10 % 0f 110,000 = 11000.0
4507 5267 - 500 - 200 - 60 = 4507
If you mean 10% then it is 500