What is the present value of $4000 paid at the end of each of the next 73

Question:

What is the present value of $4000 paid at the end of each of the next 73 years if the interest rate is 3% per year?

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

Step by Step Answer:

Related Book For book-img-for-question

Corporate Finance The Core

ISBN: 9781292158334

4th Global Edition

Authors: Jonathan Berk, Peter DeMarzo

See More Books

Question Posted: Feb 24, 2024 11:01 PM

See More Questions

Ben Affleck And Jennifer Lopez Star In Dunkin's Super Bowl Ad What was the . company/organization? What was the key message or product that was promoted? Why did you like the ad?
What is the present value of $1000 paid at the end of each of the next 100 years if the interest rate is 7% per year?
For each problem, show your work steps. A correct answer with no work shown gets half credit (which means you fail the assignment). An incorrect answer with no work receives 0 credit. With time value...
How are the interface and implementation sections of an Objective-C class specified?
Find the odds in favor of getting four different numbers when tossing four dice.
As it pertains to the scope of the application of UCC Article 2, choose the best description of the holding in the case of Connie Beale, Inc. v Plimpton. A. UCC Article 2 applied to the sale of...
A double-blind experiment is used to increase the placebo effect.
You want to buy a house within 3 years, and you are currently saving for the down payment. You plan to save $5,000 at the end of the first year, and you anticipate that your annual savings will...
Nascent, Inc., acquires 60 percent of Sea-Breeze Corporation for $414,000 cash on January 1, 2018. The remaining 40 percent of the Sea-Breeze shares traded near a total value of $276,000 both before...
When you purchased your house, you took out a 30-year annual-payment mortgage with an interest rate of 9% per year. The annual payment on the mortgage is $9422. You have just made a payment and have...
The British government has a consol bond outstanding paying 200 per year forever. Assume the current interest rate is 12% per year. a. What is the value of the bond immediately after a payment is...
A proposed ocean salvage scheme involves pumping air into "bags" placed within and around a wrecked vessel on the sea bottom. Comment on the practicality of this plan, supporting your conclusions...
Lifestyle is how one enacts the self-concept. The way they would enact it is through buying luxury items which is the most premium iPhone. The latent reasons why people want an iPhone 15 all have to...
Make a Tows Matrix that assess the strengths, weakness, opportunities, and threats for Dannon based on the case study For typical corporate strategies under purpose of communication. Strengths 1) 2)...
Now that you've watched the lectures, The Abilene Paradox movie, and the Challenger Disaster Video, I'd like you to think for a moment about when you may have observed the Abilene Paradox or...
Ensuring that the projectadheres to the selected quality standard . Often, ensuring that the project work is done 'correctly' is as important as ensuring that the end result fulfills the project's...
Think about some career planning and development issues; for example, mergers and reorganization uncertainty, lack of upward mobility, getting managers to understand your career potential, and...
One kilomole of argon gas at room temperature is heated to 20000 K, 100 kPa. Assume that the plasma in this condition consists of an equilibrium mixture of Ar, Ar`, Ar``, and e according to the...
Apply Jacobis method to the given system. Take the zero vector as the initial approximation and work with four-significant-digit accuracy until two successive iterates agree within 0.001 in each...
Three years ago, you founded Outdoor Recreation, Inc., a retailer specializing in the sale of equipment and clothing for recreational activities such as camping, skiing, and hiking. So far, your...
You have an arrangement with your broker to request 1000 shares of all available IPOs. Suppose that 10% of the time, the IPO is "very successful" and appreciates by 100% on the first day, 80% of the...
Your robotic automation startup, Kela Controls, has raised capital as follows: Funding RoundPre-MoneyPost-Money Series A .......................... $8 million ............. $12 million Series B...
Assignment Title: The Role of Bookkeeping in Business Management and Financial Reporting Objective: Understand the importance of proper bookkeeping procedures in the management of...
17) The adjustment that is made to allocate the cost of a building over its expected life is called:A) depreciation expense.B) residual value.C) accumulated depreciation.D) None of the above answers...
9) Prepaid Rent is considered to be a(n):A) liability.B) asset.C) contra-asset.D) expense.10) As Prepaid Rent is used, it becomes a(n):A) liability.B) expense. C) contra-asset.D) contra-revenue.11)...

What is the present value of $4000 paid at the end of each of the next 73

Question:

Step by Step Answer:

The present value of the 4000 payments is 11792267 ...View the full answer

Corporate Finance The Core

Students also viewed these Business questions