Payments of $1000, $1200, and $1500 are due in 6 months, 18 months, and 30 months from

Question:

Payments of $1000, $1200, and $1500 are due in 6 months, 18 months, and 30 months from now, respectively. What is the equivalent single payment two years from now if money is worth 9.6% compounded quarterly?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

See More Books

Question Posted: Feb 26, 2016 03:50 AM

See More Questions

Scheduled payments of $600, $800, and $1200 are due in one year, three years, and six years, respectively. What is the equivalent single replacement payment two- and-a-half years from now if interest...
The city of El Paso gave the El Paso Tennis and Swim Club a 20-year lease to continue using a 10-acre arroyo park for its facilities. The club will pay $1000 per year plus make $350,000 in...
1. A stock sells at $15 per share. (a) What is the EPS for the company if it has a P/E ratio of 20? (b) If the companys dividend yield is 3 percent, what is its dividend per share? (c) What is the...
The following report was prepared for evaluating the performance of the plant manager of Miss-Take Inc. Evaluate and correct thisreport. Miss-Take Inc. Manufacturing Costs For the Quarter Ended March...
A researcher interviews 50 employees of a large manufacturer and collects data on each workers hourly wage (Wage), years of higher education (EDUC), experience (EXPER), and age (AGE). The entire data...
Assume that you are now age 25 and have graduated from college. Would you prefer to work in someone else's business or one that you would start? Explain your answer.
17-5. El costo por contacto es elevado con el elemento de _________ la mezcla promocional .
Gleason Co. uses the percentage-of-receivables basis to record bad debt expense. It estimates that 1% of accounts receivable will become uncollectible. Accounts receivable are $420,000 at the end of...
The sales tax rate for the state of Arixona was 7.4%. What is the state sales tax on a $3300 car in Arizona? What is the final cost of the car, including tax?
Answer the following questions. Hint: Use the accounting equation. a. On January 1, Lumia Companys liabilities are $60,000 and its equity is $40,000. On January 3, Lumia purchases and installs solar...
A demand loan of $8000 is repaid by payments of $3000 after 15 months, $4000 after 30 months, and a final payment after 4 years. If interest was 8% for the first two years and 9% for the remaining...
An obligation of $10 000 is due one year from now with interest at 10% compounded semi-annually. The obligation is to be settled by a payment of $6000 in 6 months and a final payment in 15 months....
In general, when is it necessary to write down property, plant, and equipment? How can we determine the value to which it should be written down?
Answer the following problems with solution: Use the following information for the next two questions: The statement of financial position of the partnership of A and B as of December 31, 20x1 is...
Complete the following budgets 1 Production Budget Planned Sales Desired Ending Inventory of Finished Goods (roundup to the next unit) Total Needed Less: Beginning Inventory Total Production {7.01}
Solution needs urgently. Question 1 (5 points) In times of prosperity (with high incomes and employment), governments at all levels have resources for high cost infrastructure such as roads,...
Write a program (called assignment-1.cxx)-- (40 points) Write down the C++ program based on the following tasks. Creates an Array (1D array) and randomly assign values. Show the array with assigned...
on 17:03 Sat 11 May < 00 194843... 19871 II B itsSUNPI is live! + Hi mates im Alive chating and all the fun stuf that we do O COME & GET ME! -- Sunpi FE now Untitled... HYPE RESULTS T Potential...
Which person in this photo has greater power? How is it expressed?
1. Which of the four major types of information systems do you think is the most valuable to an organization? 2. How do you critically associate the ideas of business agility and business efficiency...
What can you, as a restaurant owner, do to avoid food poisoning in your operation? appendix.
An air compressor costs $780 and is financed with monthly payments for 12 months. The total finance charge is $90.
Jim Meriweather purchased an engraving machine for $28,000 and financed it for 36 months. The total finance charge was $5,036.
A computer with software costs $2,987, and Docie Johnson has agreed to pay a 19% per year finance charge on the cash price. If she contracts to pay the loan in 18 months, how much will she pay each...
American Food Services, Incorporated leased a packaging machine from Barton and Barton Corporation. Barton and Barton completed construction of the machine on January 1 , 2 0 2 4 . The lease...
Which of the following statements is true? Financial measures tend to be lag indicators that report on the results of past actions. LA profit center is responsible for generating revenue, but it is...
Andretti Company has a single product called a Dak. The company normally produces and sells 8 0 , 0 0 0 Daks each year at a selling price of $ 5 6 per unit. The company s unit costs at this level of...

Payments of $1000, $1200, and $1500 are due in 6 months, 18 months, and 30 months from

Question:

Step by Step Answer:

Let the single payment be x and the focal date be two yea...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Finance questions