6. The present value of $500 to be received each year for seven years with the first payment to occur in exactly five years at a discount rate of 8 percent is? 7. The present value of $500 to be received at the beginning of each year for seven years at a discount rate of 8 percent is ? 9.The future value of $500 to be received at the beginning of each year for seven years at a discount rate of 8 percent is 13. Trade credit terms of 2/10, net 90 are available. Calculate the cost of trade credit when payment is made on the net due date using the APR. Use a 360 day year. 14. Trade credit terms of 2/10, net 90 are available. Calculate the cost of trade credit when payment is made on the net due date using the EAR (also known as APY). Use a 360 day year.
6. The present value of $500 to be received each year for seven years with the first payment to occur in exactly five years at a discount rate of 8 percent is?
7. The present value of $500 to be received at the beginning of each year for seven years at a discount rate of 8 percent is ?
9.The
13. Trade credit terms of 2/10, net 90 are available. Calculate the cost of trade credit when payment is made on the net due date using the APR. Use a 360 day year.
14. Trade credit terms of 2/10, net 90 are available. Calculate the cost of trade credit when payment is made on the net due date using the EAR (also known as APY). Use a 360 day year.
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