James just received an $8,000 inheritance check from the estate of his deceased rich uncle. James wants to set aside enough money to pay for a trip in five years. If the trip is expected to cost $5,000, how much of the $8,000 must James deposit now if the rate of return is 12% per year in order to have the $5,000 in five years

$2831.13

Explanation:

The computation of the present value of 5,000 in five years is shown below:-

Present Value of 5,000 in five years = Expected cost ÷ (1 + Rate of return)^Number of years

= $5,000 ÷ (1 + 12%)^5

= $

5,000 ÷ (1.12)^5

= $2831.13

Therefore for computing the present value of 5,000 in five years we simply applied the above formula.

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are: