Find the present value of $15,000 to be paid each year for 8 years when the interest

Question:

Find the present value of $15,000 to be paid each year for 8 years when the interest rate is 7.5 percent compounded continuously.

Substituting in (12.7), image text in transcribed

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

Step by Step Answer:

Related Book For book-img-for-question

Schaum S Outline Of Mathematical Methods For Business Economics And Finance

ISBN: 978-1264266876

2nd Edition

Authors: Luis Moises Pena Levano

See More Books

Question Posted: Sep 20, 2024 06:03 AM

See More Questions

Consider the following function. def f(x): a = [] while x > 0: a.append(x) f(x-1) A new object of type list is created for each recursive invocation of f. True or False
Show that the amortized time of a zig-zig splay is at most 3(Rf (X) Ri(X)).
A free neutron at rest decays into a proton plus an electron: n ? p + e. Use Table to calculate the energy released in this reaction. Rest Energies of Some Elementary Particles and Light Nuclei Rest...
Find the present value of $15,000 to be paid each year for 8 years when the interest rate is 7.5 percent compounded continuously. Substituting in (12.7), 15,000 P (1-e-(0.075)(8)) 0.075...
Pryor Sales, Inc., is authorized to issue 190,000 shares of common stock and 10,000 shares of preferred stock. During its first year, the business completed the following stock issuance transactions:...
Presentar el valor actual, un analisis tcnico y fundamental para cada una de estas divisas del FOREX : EUR-USD USD-JPY GBP-USD AUD-USD USD-CAD USD-CHF Present the current value, a technical and...
Find the present value of $7500 to be paid each year for 4 years when the interest rate is 10 percent compounded continuously. From (12.7), Substituting, P = (1-e) 7500 P = 0.1 P (1-e-(0.1)(4)) =...
Find the consumers surplus CS for each of the following demand curves at the level indicated. (a) P=375-302; 20 = 10, Po = 75 From (12.8), 20 CS = CS = = 10 10 f(Q) dQ - Qo Po (375 302) dQ - 10(75) -...
The following table is a table of salaries for the top NHL forwards and defensemen: (a) Use a bar chart to show the players salaries. (b) Do you think the bar chart is a better vehicle than a table...
What is the role of the customer in service operations? A.) They facilitate collaboration between suppliers B.) They are responsible for majority of fixed costs. C.) They are a supplier of process...
A contract to purchase a year of business consulting has a base price of $25,000 but also includes a bonus of $5,000 if the company's performance metrics improve by 10%. Due to the extensive amount...
Cando Manufacturing Inc. (CMI) produces toys for small children. CMI's schedule of cost of goods manufactured for 2023 is as follows: Direct materials used $ 58,000 Direct labour 95,000 Manufacturing...
Cost of Goods Sold Beginning Inventory $63,000 Add: Purchases $25,000 Less: Purchase Discounts $2,500 Purchase Returns and Allowances $1,500 Net Purchases $21,000 Freight-in $8,000 Cost of Goods...
Why are research hypotheses considered tentative? Select answer from the options below They involve two variables. They are only verified after being empirically tested. They are only interesting to...
(a) Construct the scalar potential U (r) for a "pure" magnetic dipole m. (b) Construct a scalar potential for the spinning spherical shell (Ex. 5.11). (c) Try doing the same for the interior of a...
Provide examples of a situations in which environmental disruptions affected consumer attitudes and buying behaviors.
Howard Gartman is a 40% partner in the Horton & Gartman Partnership. During 2017, the partnership reported the total items below (100%) on its Form 1065: Ordinary income $180,000 Qualified dividends...
Dean makes a pledge of $30,000 to a local college. The college is willing to accept either cash or marketable securities in fulfillment of the pledge. Dean owns stock in Ajax Corporation worth...
On December 1, 2017, Rebecca Ward, a single taxpayer, comes to you for tax advice. At the end of every year, she donates $5,000 to charity. She has no other itemized deductions. This year, she plans...

Find the present value of $15,000 to be paid each year for 8 years when the interest

Question:

15,000 P (1-e-(0.075)(8)) 0.075 200,000(0.45119) = $90, 238

Step by Step Answer:

Schaum S Outline Of Mathematical Methods For Business Economics And Finance

Students also viewed these Business questions