Find the future value in 15 years of a $20,000 payment today, if the interest rate is
Question:
Find the future value in 15 years of a $20,000 payment today, if the interest rate is 3.8% per year compounded continuously.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (6 reviews)
We have ...View the full answer
Answered By
Elias Gichuru
am devoted to my work and dedicated in helping my clients accomplish their goals and objectives,providing the best for all tasks assigned to me as a freelancer,providing high quality work that yields high scores.promise to serve them earnestly and help them achieve their goals.i have the needed expertise,knowledge and experience to handle their tasks.
4.80+
325+ Reviews
859+ Question Solved
Related Book For
Applied Calculus
ISBN: 9781119275565
6th Edition
Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale
Question Posted:
Students also viewed these Mathematics questions
-
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
-
In this project, you play the role of a financial advisor. In particular, you will advise a client regarding her annuities. Let (r) represent the rate of payment (income received) in dollars per year...
-
Find the future value of $10 received today and deposited for 2 years at 5%. (b)Find the present value of $10 to be received 2 years from now, assuming an opportunity cost of 5%. (c)Find the future...
-
1. What are the advantages to Southwest of its proactive approach to passenger problems? n n 2. How might Fred Taylor use the four-part plan suggested in this chapter to compose his apology letters...
-
Find the values of x and R. Also find the values of LCL and UCL for an R chart, then find the values of LCL and UCL for an x chart. Refer to the following annual temperatures (C) of the earth for...
-
Was a fi nal written warning given to the employee explaining that discharge would result from another conduct violation or unsatisfactory performance?
-
EXCESS CAPACITY Edney Manufacturing Company has $2 billion in sales and $0 6 billion in fixed assets. Currently, the companys fixed assets are operating at 80% of capacity. a. What level of sales...
-
Deluca Solutions Inc. is an Ontario- based manufacturer. The company is listed on the TSX, but the family of founder David Deluca retains control through multiple- voting shares. Deluca undertook...
-
6. (10 Mark) Suppose you are thinking of purchasing the stock of Moore Oil, Inc. and you expect it to pay a $2 dividend in one year and you believe that you can sell the stock for $14 at that time....
-
A tax of $8 per unit is imposed on the supplier of an item. The original supply curve is q = 0.5p 25 and the demand curve is q = 165 0.5p, where p is price in dollars. Find the equilibrium price...
-
Use Figure 1.94 to graph the function. y = 2f(x 1) -3 -2 -1 y y = f(x) 12 Figure 1.94 LX 3
-
Problems 7079. The purpose of these problems is to keep the material fresh in your mind so that you are better prepared for later sections, a final exam, or subsequent courses such as calculus. If...
-
Q. Probabilities of three teams A, B and C of winning the first prize of a business case competition are 3/9, 2/9, 3/9 respectively. These three teams are equally likely to win the prize. True False...
-
Univex is a calendar year, accrual basis retail business. Univex hold less than 20% of IBM stock. Its financial statements provide the following information for the year: Revenues from sales of goods...
-
Consider the unadjusted trial balance of Fabuloso, Inc. at December 31, 2023, and the related month-end adjustment data. (Click the icon to view the month-end adjustment data.) Requirements 1....
-
5.3 BEP Example Bill Braddock is considering opening a Fast 'n Clean Car Service Center. He estimates that the following costs will be incurred during his first year of operations: Rent $9,200,...
-
The following is the text for an opinion on internal control for W Company, an issuer. Some words or phrases have been replaced with numbers (e.g., [1], [2], etc.). Select from the option list...
-
Experimental tests have shown that bone will rupture if it is subjected to a force density of 1.03 10 8 N/m 2 . Suppose a 70.0-kg person carelessly rollerskates into an overhead metal beam that hits...
-
You have just begun your summer internship at Omni Instruments. The company supplies sterilized surgical instruments for physicians. To expand sales, Omni is considering paying a commission to its...
-
Evaluate each of the functions at the given value of x. f (x) = x 100 , x = -1
-
Find the points of intersection of the pairs of curves. y = 1/2x 3 + x 2 + 5, y = 3x 2 - 1/2x + 5
-
During the first 1/2 hour, the employees of a machine shop prepare the work area for the days work. After that, they turn out 10 precision machine parts per hour, so the output after t hours is f (t)...
-
If the auditor believes that the financial statements prepared on the basis of the entity's income tax are not adequately titled, the auditor should : A)Issue a resignation of opinion. B)Explain the...
-
initial stock offering to the public. This REIT specializes in the acquisition and management of warehouses. Your firm, Blue Street Advisors, is an investment management company that is considering...
-
Question 3 You have been hired to run a pension fund for Mackay Inc, a small manufacturing firm. The firm currently has Gh5 million in the fund and expects to have cash inflows of $2 million a year...
Study smarter with the SolutionInn App