In Problems 25-28, find the present value, using the present value formula and a calculator. Achieve a
Question:
In Problems 25-28, find the present value, using the present value formula and a calculator.
Achieve a million dollars in 30 years at \(6 \%\) interest compounded continuously.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
The present value of an investment can be found using the formula for continuously compounde...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Sciences questions
-
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
-
Select the scrnario depicting a conflict that is solely over competition for power and resources.
-
What are the function of the pancreas in the digestive system? (A) To secrete digestive enzymes (B) To regulate blood sugar levels (C) To absorb nutrients from the small intestine (D) To store bile
-
On a cold winter day, the atmospheric temperature is - (on Celsius scale) which is below 0C. A cylindrical drum of height h made of a bad conductor is completely filled with water at 0C and is kept...
-
In a certain city the temperature (in F) hours after 9 A.M. was modeled by the function Find the average temperature during the period from 9 A.M. to 9 P.M. T() - 50 + 14 sin 12
-
Who uses requests for proposals (RFPs), and why?
-
Hamilton Furniture doesnt expect prices to change dramatically and wants to use a method that averages price changes. Which inventory method would best meet Hamilton Furnitures goal? What if Hamilton...
-
Quest Computers, Inc., makes microprocessor chips and personal computers. Its Microprocessor Division makes the chips and supplies them to the Personal Computer Division. The Personal Computer buys...
-
Identify 2 dominate cultures with which you identify. These can be related to a geographical or racial group, but they can also include hobbies, religions, professions, etc. Then describe some common...
-
In Problems 25-28, find the present value, using the present value formula and a calculator. Achieve \(\$ 225,500\) at \(8.65 \%\) compounded continuously for 8 years, 135 days.
-
In Problems 25-28, find the present value, using the present value formula and a calculator. Achieve \(\$ 420,000\) in 30 years at \(6 \%\) interest compounded monthly.
-
In Exercises, find the signs of the six trigonometric function values for the given angles. 290
-
You obtained job-related information about the HR assistant position from O*Net. Answer the following sections based on that information. QUESTIONS: The following is the list of questions included in...
-
Think of a product that you would like to introduce in the market and answer the following questions: What are the FAB (Features, advantages, and benefits of the product) of the product? (4%) Make up...
-
When attending a costume party at a local bar, the accused (Kevin) groped the complainant multiple times. Despite the fact that the complainant said a clear "No" to every sexual advance Kevin made,...
-
1. Describe some of the differences between database management systems such as Oracle and file-based data storage solutions such as Excel and Access. Under what circumstances would you choose one...
-
You are on duty as the police officer on patrol. While driving around the city, you come upon the following situations. Review the scenarios carefully and then address the prompts following the...
-
Name and describe five criteria for approving changes.
-
Quadrilateral EFGH is a kite. Find mG. E H <105 G 50 F
-
A reversible heat engine operates between thermal reservoirs at 600 K and 150 K. What is the efficiency of this engine?
-
Suppose the heat engine in Problem 39 is operated in reverse as a refrigerator. What is its refrigeration efficiency? Data From Problem 39 A reversible heat engine operates between thermal reservoirs...
-
A Carnot engine extracts 2000 J of heat from a hot reservoir and does 1200 J of mechanical work. Suppose the cold reservoir is a very large block of ice at 0C. What mass of ice would melt during this...
-
Smith, the lessee, signs an eight-year lease agreement on December 31 for the floor of a building that requires annual payments of $280,000, beginning immediately. The residual value of $200,000 is...
-
Examine the function below and answer the corresponding questions: a) What is the least possible degree of this polynomial function? b) Determine the end behaviour: c) Determine the sign of the...
-
13. Eight friends are going to a school dance. How many ways can 4 of the friends fit in Suzie's car if Suzie is driving? (Therefore, she is one of the 4 in her car!) Out of a group of 12 teachers 4...
Study smarter with the SolutionInn App