A debt of $8000 is payable in 7 years and 5 months. Determine the accumulated value of

Question:

A debt of $8000 is payable in 7 years and 5 months. Determine the accumulated value of the debt at 10.8% p.a. compounded annually.

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: Sep 21, 2024 05:19 AM

See More Questions

The symmetrical three-phase load is A-connected, with Z-(4+ j3) 22 and the phase voltage 220 V, find IL, IP, UL and P of the three loads. 7.(10 score) The symmetrical three-phase load is Y-connected....
Radical Jets produces and sells custom built jets for corporate and personal use. The following information was found in the general ledger:...
Westex Products is a wholesale distributor of industrial cleaning products. When the treasurer of Westex Products approached the companys bank late in the current year seeking short-tern financing,...
A debt of $8000 is payable in 7 years and 5 months. Determine the accumulated value of the debt at 10.8% p.a. compounded annually.
Brooks Hardware reported cost of goods sold as follows. Brooks made two errors:1. 2011 ending inventory was overstated by $2,000.2. 2012 ending inventory was understated by $5,000.InstructionsCompute...
please solve it in 10 mins I will thumb you up fast fast fast please 8 9 10 11 12 13 14 15 6.6666 points Save Answer XYZ owns and operates sports facilities. The objective of its managers is to...
Suppose $4000 is invested for 4 years and 8 months at 3.83% compounded annually. What is the compounded amount?
The Canadian Consumer Price Index was approximately 98.5 (base year 1992) at the beginning of 1991. If inflation continued at an average annual rate of 3%, what would the index be at the beginning of...
For a closed economy with no government intervention, the consumption function is C = 0.6Y + 30 and planned investment is I = 100 Calculate the equilibrium level of (a) national income; (b)...
In 2006, e-Design was invited unexpectedly to participate in a design competition to provide new logos and new identity for Denmark's National Sports Team, a prestige client.What should the e-Design...
3. Consider company ABC. Today it is 1st of January 2022. The expected earnings of ABC (in million ) for the next few years (as per the 1st of January) are forecast to be: Year 2023 2024 2025 2026...
Smith Co. is considering the following alternative plans for financing the company: Issue 10% bonds (at face) Issue common stock, $10 par Plan I Plan II $1,000,000 $3,000,000 2,000,000 Income tax is...
In a time-sharing computer systern, the number of teleport inquiries averages 0.3 per millisecond a) Find the probability that at least one inquiry is made during the next millisecond. b) Find the...
2. (a) A two-area power system connected by a tie-line has the following characteristics on a common 1000 MVA base: Area 1 2 R R = 4% R2=5% D D = 0.5 D2=0.8 Each area has a generating unit and these...
A 4-lb sphere A is connected to a fixed point O by an inextensible cord of length 3.6 ft. The sphere is resting on a frictionless horizontal surface at a distance of 1.5 ft from O when it is given...
Which of the followingcarbocations is the least stable? CH3CH2 . CH3CHCH3 CH3 I . CH3C0 T CH3 IV. V. CH3 CH3CCH2 CH3
A bond that matures in 7 years sells for $1,020. The bond has a face value of $1,000 and a yield to maturity of 10.5883 percent. The bond pays coupons semiannually. What is the bonds current yield?
Lloyd Corporations 14 percent coupon rate, semiannual payment, $1,000 par value bonds, that mature in 30 years, are callable 5 years from now at a price of $1,050. The bonds sell at a price of...
Suppose Ford Motor Company sold an issue of bonds with a 10-year maturity, a $1,000 par value, a 10 percent coupon rate, and semiannual interest payments. a. Two years after the bonds were issued,...
Which of these is not an approved Estimate Activity Durations technique? A. Three Point Estimating B. Parametric Estimating C. Analogous Estimating D. Critical Path Estimation If you are working on a...
A customer purchases materials for $1,200 with payment due in 30 days. After 20 days, $200 worth of the material is returned because it is damaged. What amount is entered in the Debit column of the...
Bubbles Co. issued 1,000 shares of its P5 par common stock to Atty. Ezzey as compensation for 1,000 hours of legal services performed. Atty. Ezzey usually bills P160 per hour for legal services. On...

A debt of $8000 is payable in 7 years and 5 months. Determine the accumulated value of

Question:

Step by Step Answer:

PV 800000 I Y 108 C Y 1 108 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Finance questions