What sum of money now is equivalent to $8250 two years hence, if interest is 4% per
Question:
What sum of money now is equivalent to $8250 two years hence, if interest is 4% per 6-month period?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (14 reviews)
F 8250 n 4 semiannual periods i...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
What amount three years from now is equivalent to $3000 due five months from now? Assume that money can earn 7.5% compounded monthly.
-
What single cash payment made now is equivalent to 11 years of payments of $4800 made at the end of every 6 months with interest at 4.4% compounded quarterly?
-
What sum of money when increased by 7% equals $52.43?
-
A Friedel-Crafts acylation of anisole with acetyl chloride affords a binary product with a total mass of 1.91 grams. This product is analyzed by gas chromatograph. The chromatogram shows two product...
-
The table shows the amount B (in millions of pounds) of beef produced on private farms each year from 2007 through 2014. (a) Use a graphing utility to create a scatter plot of the data. Let t...
-
Maserati Corporation purchased a new machine for its assembly process on August 1, 2012. The cost of this machine was $150,000. The company estimated that the machine would have a salvage value of...
-
Why might a plaintiff want to seek a provisional remedy?
-
Are marketers to blame for increasing obesity rates among children? Should the government ban the advertising of food products to children ages 17 and younger? Discuss the consequences of imposing...
-
Listed below are requirements that must be followed when establishing and maintaining payroll systems. Complete the table below: For each item listed, identify one (1) legislative requirement....
-
This is the second year that your firm is auditing JJ Company, which is developing a new drug for a rare form of cancer. The company is controlled by Jack, who purchased the shares from the previous...
-
Consider the following cash flow: Year Cash Flow o..........................-$1000 1....................................0 2.............................+300 3.............................+300...
-
A sum of money invested at 2% per 6-month period (semiannually), will double in amount in approximately how many years?
-
How do business dashboards differ from other types of visual reports?
-
On May 20, Indy Landscapers received $3,000 cash in advance from one of its customers for lawn services it will provide in June. On June 4, Indy Landscapers provided the lawn services to its...
-
A 1370-kg car is skidding to a stop along a horizontal surface. The car decelerates from 27.6 m/s to a rest position in 3.15 seconds. Assuming negligible air resistance, determine the coefficient of...
-
Happy Place Designs makes custom backyard play structures that it sells to dealers across the Midwest. The play structures are produced in two departments, fabrication (a mostly automated department)...
-
If an electron with spin down in the Psi (9,1,0) eigenstate in a hydrogen atom. If you want to measure the total angular momentum squared (L^2) of the electron, what are the possible values that you...
-
Part (a) Find the total energy transferred to the photon to four significant figures. Assume the reactants are initially at rest. Use the following atomic mass values when determining the total...
-
What is a transmission dynamometer?
-
MgO prevents premature evaporation of Al in a furnace by maintaining the aluminum as Al2O3. Another type of matrix modifier prevents loss of signal from the atom X that readily forms the molecular...
-
Calculate the price of a 180-day T-bill purchased at a 5% discount rate if the T-bill has a face value of $5,000.
-
Consider the two mutually exclusive investment alternatives given in Table P7.41. TABLE P7.4I (a) Determine the IRR on the incremental investment in the amount of $5,000. (Assume that MARR = 10%.)...
-
Consider the two mutually exclusive investment projects given in Table P7.43. TABLE P7.43 Assume that MARR = 15%. (a) According to the IRR criterion, which project would be selected? (b) Sketch the...
-
You are considering two types of automobiles. Model A costs $18,000 and model B costs $15,624. Although the two models are essentially the same, after four years of use, model A can be sold for...
-
Use the given information below to evaluate each definite integral. 10 [ f(x) dx = 3 and f(x) dx = 9 a. f(x) dx = b. *8f(x) dx = C. L f(x) dx = = 10 10 f(x) dx + 6 f(x) dx = d. f* 10 e. f(x) dx =
-
what other supply chain concepts, tools, techniques, etc. would you recommend (other than CPFR) that West Marine should pursue after it purchases Boat U.S.? (Be specific, give examples, and reference...
-
3. Dollar General has a sale on a 12 pack of 12 ounce cans of Pepsi. Buy three for $11 and get a digital coupon for $2 off. It is also offering a sale on a 6 pack of 16.9 ounce bottles. Get four 6...
Study smarter with the SolutionInn App