Question

assuming intrest rate is 2.7281% (compund annually) what is the present vaule of $5 a day...

assuming intrest rate is 2.7281% (compund annually) what is the present vaule of $5 a day from 1911?

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Answer #1

Per day

5

Per year

1825

5*365

Interest rate

2.73%

Amount

32509.72

1825(1+2.7281/100)^(2018-1911)

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