Find the present value of $500 due in the future under each of the following conditions. a.
Question:
a. 12% nominal rate, semiannual compounding, discounted back 5 years
b. 12% nominal rate, quarterly compounding, discounted back 5 years
c. 12% nominal rate, monthly compounding, discounted back 1 year
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
a With a financial calculator enter N 10 IYR 6 PMT 0 and FV 500 Then pres...View the full answer
Answered By
Shadrack Mulunga
I am a Biochemistry by profession. However, I have explored different fields of study. My quest to explore new fields has helped me gain new knowledge and skills in Business, clinical psychology, sociology, organizational behavior and general management, and Project Management. I count my expertise in Project management, in particular, creation of Work Break Down Structure (WBS) and use of Microsoft Project software as one of my greatest achievement in Freelancing industry. I have helped thousands of BSC and MSC students to complete their projects on time and cost-effectively using the MS Project tool. Generally, I find happiness in translating my knowledge and expertise to success of my clients. So far, i have helped thousands of students to not only complete their projects in time but also receive high grades in their respective courses. Quality and timely delivery are the two key aspects that define my work. All those who hired my services always come back for my service. If you hire my services today, you will surely return for more. Try me today!
5.00+
154+ Reviews
289+ Question Solved
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
Question Posted:
Students also viewed these Corporate Finance questions
-
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...
-
Find the present value of $50,000 to be received after 1 year if the annual rate of interest is a. 8 percent b. 10 percent c. 12 percent
-
Find the present value of a 3-year, $20,000 ordinary annuity deposited into an account that pays 12% annual interest, compounded monthly. Solve for the present value of the annuity in the following...
-
For some companies, onboarding and orientation are synonymous. How are they different?
-
Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements and disclosure notes for the year ended January 30, 2016, are available in Connect. This...
-
Often, after a brand begins to slip in the marketplace or disappears altogether, commentators observe, "all brands have their day." Their rationale is that all brands, in some sense, have a finite...
-
The historical cost of sales figure for Pear Ltd for the year ended 31 December 2003 is calculated as follows: Required: Assuming that purchases occur evenly throughout the year, calculate the cost...
-
The bookstore at State University purchases from a vendor sweatshirts emblazoned with the school name and logo. The vendor sells the sweatshirts to the store for $38 apiece. The cost to the bookstore...
-
3 Part 3 of 3 EXO 01:16:20 Required information [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. KORBIN...
-
Jim buys only milk and cookies. a. In year 1, Jim earns $100, milk costs $2 per quart, and cookies cost $4 per dozen. Draw Jims budget constraint. b. Now suppose that all prices increase by 10...
-
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 future values of the following ordinary annuities. a. FV of $400 each 6 months for 5 years at a nominal rate of 12%, compounded semiannually b. FV of $200 each 3 months for 5 years at a...
-
Frank, Greta, and Helen each have a one-third interest in the FGH Partnership. On December 31, 2016, the partnership reported the following balance sheet: The partnership placed Asset 1 (seven-year...
-
Why did the American Revolution happen? 2. Who were some of the important figures in the American Revolution? 3. What were the lasting effects of the American Revolution? Thesis Statement: The...
-
Rewrite the algorithm While loop: Do-While loop: using a while and do-while loop
-
What is the Enlightenment? How did it effect the views of colonial America? Whose views from the Enlightenment touched the colonies more? What is the Great Awakening, how did this effect the views of...
-
A patient weighting 165 lbs is to receive 1.5 mEq of NaCl/kg of body weight. How many milliliters of a 0.9% sterile solution of NaCl (MW 58.5) should be administered?
-
You estimated the cost of attending college at $100,000 for tuition, books, and added transportation costs. After taking this class, you realized that you did not take into account the opportunity...
-
If a microburst is encountered on takeoff, what change in performance should be expected when going from a tailwind to a headwind? a. No change in performance. b. Decrease in performance. c. Increase...
-
Avatar Financials, Inc., located on Madison Avenue, New York City, is a company that provides financial advice to individuals and small- to mid-sized businesses. Its primary operations are in wealth...
-
- decay producing 137 Ba. The parent nuclide is a major waste product of reactors and has chemistry similar to potassium and sodium, resulting in its concentration in your cells if ingested.
-
Assume that interest rate parity holds and that 90-day risk-free securities yield 5 percent in the United States and 5.3 percent in Germany. In the spot market, 1 euro equals $0.80 dollar. a. Is the...
-
Assume that interest rate parity holds. In both the spot market and the 90-day forward market 1 Japanese yen equals 0.0086 dollar. The 90-day risk-free securities yield 4.6 percent in Japan. What is...
-
In the spot market 7.8 pesos can be exchanged for 1 U.S. dollar. A compact disk costs $15 in the United States. If purchasing power parity holds, what should be the price of the same disk in Mexico?
-
Fraser Corporation declares a cash dividend to common shareholders. How does this transaction impact the accounting equation: Assets [Select] Liabilities [Select] and, Stockholders' Equity [Select]
-
Insert Design Layout References Mailings A- A- B abe X, X2 Account Titles Cash Accounts receivable Supplies Equipment Vehicles Accumulated depreciation Accounts payable Accrued wages payable Note...
-
Page 65 Q23 The following data show the year to date percent change (YTD % Change) for 30 stock market indexes from around the world.(MarketIndexes) a. What index has the largest positive YTD %...
Study smarter with the SolutionInn App