23. In this case our problem can be written like this:
V x .1 = 5,000
So we solve this simple problem
V x .1 = 5,000
or
V = 5,000/.1 = 50,000

   So the value of the bar to you is roughly $50,000 if the interest rate is 10%.

Copyright © 1995-2004 OnLineTexts.com, Inc. - All Rights Reserved