Calculate the present value of one dollar 30 years in the future at 10% interest. What does
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (21 reviews)
PV FV 30 PVF10 30 1 0573 00573 A little less than si...View the full answer
Answered By
Usman Nasir
I did Master of Commerce in year 2009 and completed ACCA (Association of Chartered Certified Accountants) in year 2013. I have 10 years of practical experience inclusive of teaching and industry. Currently i am working in a multinational company as finance manager and serving as part time teacher in a university. I have been doing tutoring via many sites. I am very strong at solving numerical / theoretical scenario-based questions.
4.60+
16+ Reviews
28+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Calculate the present value of the income stream given below assuming a discount rate of 8 percent. What happens to value if the discount rate increases to 20 percent? Year Income S3.000 2 S4,000...
-
Calculate the present value of the following singleamounts. Future Value $10,000 7,000 6,000 Annual Rate Interest Compounded Period Invested 1. 2. 6% Annually Semiannually Quarterly 5 years 8 years 4...
-
Calculate the present value of the following annuities, assuming each annuity payment is made at the end of each compoundingperiod. Annuity Payment Annual Rate 7% Interest Compounded $4,000 9,000...
-
Consider the utility function U(x 1 , x 2 ) = x 1 x 2 with budget constraint p 1 x 1 + p 2 x 2 = c. (a) Show that the maximum of U(x 1 , x 2 ) subject to the budget constraint is equal to c 2 /(4p 1...
-
An experimenter is interested in the hypothesis testing problem H0: < 0.065 versus HA: > 0.065 where is the average density of a chemical solution. Suppose that a sample of n = 61 bottles of the...
-
In seeking a construction loan, would you expect to have the entire amount of the loan given to you in a lump sum? Explain. AppendixLO1
-
Identify concerns about engagement
-
Use a three-year moving average forecasting model to forecast the sales of Cool-Man air conditioners. Data from Sales of Cool-Man air conditioners have grown steadily during the past 5 years: YEAR...
-
Question 2 You have the following information for Bramble Corp. for the month ended October 31, 2022. Bramble uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price...
-
Complete Keith's tax return including all required schedules and forms using prince edward island as province, using the fillable forms package. Taxpayers Information Taxpayer #1 Name: Keith Dox...
-
Why are time value concepts crucial in determining what a bond or a share of stock should be worth?
-
Write a brief verbal description of the logic behind the development of the time value formulas for annuities.
-
Kildare Medical Center, a for-profit hospital, has three investment opportunities: (1) adding a wing for in-patient treatment of substance abuse, (2) adding a pathology laboratory, and (3) expanding...
-
Fineas Co. use the Job Order Costing system to determine product costs. Before entering 2020, the company has created a production budget, with an estimated total manufacturing overhead of $...
-
Define what a market value is? What are three major principles of investing funds? How does the federal government control the money supply? An investor purchases a 10-year U.S. Treasury note and...
-
1. Suppose we have two alternative designs, each of which yields a different present value of the total lifetime cost: the first is $1604 and the second is $1595. Verify that the present value of the...
-
Sometimes when we are asked for a linear model, the information that we are given is data about a scenario. In these cases we have to use Excel to generate a trendline. There is a video in this...
-
1. Purpose Explain 3 points from the Introduction section as to why this study is important. How did this study build on the existing literature in this area? 2. Participants Outline at least 2...
-
Why is the cash flow statement included as one of the required financial statements under generally accepted accounting principles?
-
In Problems 1522, find the principal needed now to get each amount; that is, find the present value. To get $750 after 2 years at 2.5% compounded quarterly.
-
In 1769 Leonhard Euler formulated a generalized version of Fermats Last Theorem, conjecturing that at least n nth powers are needed to obtain a sum that is itself an nth power, for n > 2. Write a...
-
1. What do you think of Richard's idea of borrowing to place money in the stock market? 2. Do you think the couple should refinance their mortgage? 3. Should they use the adjustable-rate mortgage...
-
1. Is this pattern common? 2. What is your recommendation? Brad and Barbara say they use credit cards all the time. They always intend to pay them off by the end of the month, but they often don't....
-
Describe the three approaches to decision making for capital expenditures?
-
Product Weight Sales Additional Processing Costs P 300,000 lbs. $ 245,000 $ 200,000 Q 100,000 lbs. 30,000 -0- R 100,000 lbs. 175,000 100,000 If joint costs are allocated based on relative weight of...
-
The projected benefit obligation was $380 million at the beginning of the year. Service cost for the year was $21 million. At the end of the year, pension benefits paid by the trustee were $17...
-
CVP Modeling project The purpose of this project is to give you experience creating a multiproduct profitability analysis that can be used to determine the effects of changing business conditions on...
Study smarter with the SolutionInn App