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The spot price of silver (as of late afternoon on February 5, 2009) is US$12.90 per troy ounce, implying that the spot value of the a 100 troy ounce bar is US$1,290.00. However, at the moment there is a dislocation in the market such that the "spot" price is not actually the price at which physical silver (actual silver metal, as versus paper representing it) trades. As an example APMEX, a dealer in precious metals, is offering to BUY a 100 troy ounce bar for US1,343.00 (http://www.apmex.com/APMEXTop40/Default.aspx), and has nothing to SELL at all (obviously, if they did, the sales price would be above US$1,343.00 - the same site is buying 1 troy ounce rounds for $13.43 and selling them for $15.47). Broadly speaking, if you had a bar you wanted to sell, you could get $1,343; if you wanted to buy one, you should probably expect to payabout $1,500 if you can find one at all.

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What is the definition of present value?

The principal which, drawing interest at a given rate, will amount to the given sum at the date on which this is to be paid; thus, interest being at 6%, the present value of $106 due one year hence is $100.


Define percentage error?

an error is the difference between a predicted value and the actual value. % errors tell you how close or how far you came to the actual answer is the form of a percentage. Mathematically: [(accepted value-measured value) / accepted lValue] * 100% note: if your answer is negative it means you were, for example, 15% short of the actual answer


What does a place value mean?

In the decimal numbering system, where one hundred is written as 100, ten as 10 and one as 1, each digit sits in a place that determines its value. In the written 100, the 1 digit in in the hundreds place, so it represents a value of one hundred. and in 10 the 1 digit is in the place that represents the value ten. Each digit has a place value that relates to how far it is to the left or the right from the decimal point, (although unless there is a significance to the number after the decimal point, it is not always shown).


What is a non-example of percent?

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Related Questions

What is the dollar value of an Engelhard 10oz silver bar?

A little over 100 bucks. That amount may or may not have been true at the time of its posting. The complete story is that pure silver (.999 fine) is traded daily and its value changes just like any other commodity. Today, 8-20-2009, silver is at $13.88 a troy ounce, making the value of a 10 troy ounce Engelhard silver bar today worth about $139. That value was most assuredly change in the future.


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The value of 100 rupee coins in silver versus a 100 rupee note in paper depends on context. While the paper note has a face value of 100 rupees, the silver coins could have intrinsic value based on the market price of silver, which may exceed the face value. If silver prices are high, the coins could be more valuable; otherwise, they may serve primarily as currency. Thus, the ultimate value depends on current silver market conditions and the intended use of the currency.


What is the value of a 1924 US 100 dollar silver certificate?

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