Answer to Question #300284 in Financial Math for Stacia

Question #300284

Determine the present value of a loan if R12 000 is due in ve years' time, at a simple dis

ount rate of 15%

per annum.

[1℄ R12 656,25

[2℄ R12 972,97

[3℄ R13 125,00

[4℄ R13 664,28

Expert's answer

"PV=\\frac{12000}{(1+0,15\\times5)}=6857.14"

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