Find the amount to which $2,000 will grow under each of the following conditions: a. 8% compounded
Question:
a. 8% compounded annually for 5 years.
b. 8% compounded semiannually for 5 years.
c. 8% compounded quarterly for 5 years.
d. 8% compounded monthly for 5 years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (13 reviews)
a With a financial calculator enter N 5 I 8 PV 2000 and PMT 0 and then press FV to obtain F...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Financial Management Theory and Practice
ISBN: 978-0176517304
2nd Canadian edition
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
Question Posted:
Students also viewed these Finance questions
-
Find the amount to which $500 will grow under each of the following conditions: a. 12 percent compounded annually for 5 years. b. 12 percent compounded semiannually for 5 years. c. 12 percent...
-
Find the amount to which $500 will grow under each of the following conditions. a. 12% compounded annually for 5 years b. 12% compounded semiannually for 5 years c. 12% compounded quarterly for 5...
-
Find the amount to which $500 will grow under each of these conditions: a. 12% compounded annually for 5 years b. 12% compounded semiannually for 5 years c. 12% compounded quarterly for 5 years d....
-
From The Secret: "The secret is great leaders SERVE." "Am I a self-serving leader or a serving leader?" How can you be a serving leader in your current position as an employee, student, or team...
-
Explain why some people support unions whereas others oppose them.
-
Helena has assets of $130,000 and liabilities of $160,000. One of her debts is for $120,000. Discuss the tax consequences of the reduction of this debt in each of the following circumstances: a. The...
-
Think of a manager for whom you have worked. What did the manager do to promote job satisfaction among the employees in the organization?
-
1. Why was the knowledge of the IS department so valuable to the population of the data warehouse from Lunds various systems? 2.Consider the data that a supermarket tracks and maintains through its...
-
explain your own experience in a simple language in two paragraph about working with Windows Server 2003-2019 Administration please answer this only if you have any exprience no copy from internet....
-
A proton is moved 5 cm closer to the negative plate in an oppositely charged parallel plate arrangement. Ignoring any changes in gravitational energy and if the strength of the field inside the...
-
a. Find the present values of the following cash flow streams. The appropriate interest rate is 10%. (Hint: It is fairly easy to work this problem dealing with the individual cash flows. However, if...
-
Find the present value of $2,000 due in the future under each of the following conditions: a. 8% nominal rate, semiannual compounding, discounted back 5 years. b. 8% nominal rate, quarterly...
-
What is the difference between general and special or supplemental conditions?
-
You place an 8 kg ball on the top of your 2 cm 2 finger tip. Calculate the PRESSURE. Show calculation, answer and unit.
-
A 0.47-kg block of wood hangs from the ceiling by a string, and a .07-kg wad of putty is thrown straight upward, striking the bottom of the block with a speed of 5.6 m/s. The wad of putty sticks to...
-
Present Value (PV) $240.38 $238.10 $235.85 $231.14 $222.22 $213.70 Cash Flow (CF) $250 $250 $250 $250 J $250 $250 Interest Rate (i) 4% 5% 6% 4% 4% 4% Term (n) 14 14 14 24 34 4 777 1. Given the graph,...
-
A customer goes short 8 silver contracts. His trade is executed at 4 1 6 . 5 cents per ounce ( contract size = 5 , 0 0 0 troy ounces, minimum tick is . 5 cents / oz . ) . Initial margin is $ 1 , 2 0...
-
In a three - level marketing channel, how many entities ( organization / individual ) are connected?
-
Let where is the function whose graph is shown in the figure. (a) Estimate g(0), g(2), g(4), g(6), and g(8). (b) Find the largest open interval on which g is increasing. Find the largest open...
-
Do the three planes x + 2x + x 3 = 4, X X 3 = 1, and x + 3x = 0 have at least one common point of intersection? Explain.
-
You are given the following information on five stocks: The risk-free rate is 4% and the market risk premium is 5%. a. Which stocks are (a) undervalued, (b) overvalued, and (c) correctly valued? b....
-
You have observed the following returns over time: Assume that the risk-free rate is 4%, the market risk premium is 5%, the beta for Stock X is 1.50, and the beta for StockY is 0.46: a. What are the...
-
Start with the partial model in the file Ch07 P15 Build a Model.xls on the textbook's website. The file contains hypothetical data for working this problem. Goodman Industries's and Landry...
-
VKC is evaluating an investment proposal to manufacture Product AB , which has performed well in test marketing trials conducted recently by the company s research and development division. The...
-
Required information Skip to question [The following information applies to the questions displayed below.] Petro Motors Incorporated (PMI) produces small gasoline-powered motors for use in lawn...
-
Suppose there are 5 lines inside the coordinate system, lying on y = 0, 1, 2, 3, 4. Each of the lines' length is 5. Now suppose there are 5 needles which length is 0.8, those needles were dropped on...
Study smarter with the SolutionInn App