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Essay heading: Time Value of Money
Essay specific features
| Issue: |
Business |
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| Date added: |
August 12, 2001 |
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| No of pages / words: |
2 / 342 |
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Essay content:
A.
If prize = (principal) x (rate) x (time)
prize = (12,000) x (0.12) x (10)
prize = (12,000) x (1.2)
prize = $144,000 total invested by the lottery to pay our winnings of 12,000 for the next ten
years.
B. Q. Mary Just deposited $33,000 in an account paying 10% interest. She plans to leave the money in this account for seven years... displayed 300 characters
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A.
If prize = (principal) x (rate) x (time)
prize = (12,000) x (0.12) x (10)
prize = (12,000) x (1.2)
prize = $144,000 total invested by the lottery to pay our winnings of 12,000 for the next ten
years.
B. Q. Mary Just deposited $33,000 in an account paying 10% interest. She plans to leave the money in this account for seven years... displayed next 300 characters
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