A payment of $1300 is scheduled for a date 3 1/2 years from now. What would be
Question:
A payment of $1300 is scheduled for a date 3 1/2 years from now. What would be an equivalent payment 9 months from now if money is worth 3.5% compounded quarterly?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
Given 35 0875 n 4...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
Question Posted:
Students also viewed these Mathematics questions
-
A payment of $1300 is scheduled for a date 3 years from now. What would be an equivalent payment 9 months from now, if money is worth 5.5% compounded quarterly?
-
What payment 2 years from now would be a fair substitute for the combination of 4 $1500 due (but not paid) 9 months ago and $2500 due in 4 1/2 years, if money can earn 2 9% compounded quarterly?
-
A $5000 payment due 1 years ago has not been paid. If money can earn 8.25% compounded annually, what amount paid 2 years from now would be the economic equivalent of the missed payment?
-
X = {a,b,c,d. e, f} olmak zere (X.) ksmi sral kmesinin grafii aada verilmitir. (a) (X.) ksmi sral kmesinin maksimal, minimal, minimum ve maksimum elemanlarn belirtiniz. (b) (X.) kismi sral kmesinin Y...
-
An insulated rigid tank is divided into two equal parts by a membrane. At the beginning, one part contains 3 kg of nitrogen at 500 kPa and 50oC, and the other part is completely evacuated. The...
-
In October 2010, fire completely destroys the principal residence of Olaf, who is 63 Communication Skills and single, and lives in Bemidji, Minnesota. He owned the home for 16 years; his adjusted...
-
Does the expected holding period depend on the characteristics of the subject interest or the current owner of the subject interest?
-
On June 3, Arnold Limited sold to Chester Arthur merchandise having a sale price of $3,000 with terms 3/10, n/60, f.o.b. shipping point. A $90 invoice, terms n/30, was received by Chester on June 8...
-
Run an Aged Receivables report as at 31 March 2020 and you will be using this data to answer the following Use XERO to establish a business that is titled as Question 2, Student ID Number and your...
-
The number of minutes that a flight from Phoenix to Tucson is early or late is a random variable whose probability density is given by Where negative values are indicative of the flights being early...
-
Donnelly Excavating has received two offers on a used backhoe that Donnelly Is advertising for sale. Offer 1 is for $10,000 down and $30,000 in 18 months. Offer 2 is for $8000 down and $33,000 in two...
-
What price should be paid for a $5000-face-value strip bond with 19.5 gears remaining to maturity if it is to yield the buyer 2.1% compounded semiannually?
-
At the end of October, the first month of operations, the following selected data were taken from the financial statements of Lauren Powell, Attorney at Law, P.C.: In preparing the financial...
-
Write a program that solves either a) the Towers of Hanoi problem with up to 1000 disks, or, b) the Traveling Salesman problem with up to 10 cities. You may need to wait until you have read about...
-
Consider the E-R diagram in Figure 8-15b. a. What would be the identifier for the CERTIFICATE associative entity if Certificate Number were not included? b. Now assume that the same employee may take...
-
z = 1.1 for H a : < 149.6 Find the P-value that corresponds to the standard z-score, and determine whether the alternative hypothesis is supported at the 0.05 significance level.
-
An object is placed \(150 \mathrm{~mm}\) away from a converging thin lens that has a focal length of \(400 \mathrm{~mm}\). What are (a) the image distance and \((b)\) the magnification? (c) Draw a...
-
Let $M$ be the four-dimensional Minkowski space, with coordinates $x^{0}, x^{1}, x^{2}$, and $x^{3}$. Let us define a linear operator $*: \Omega^{r}(M) ightarrow$ $\Omega^{4-r}(M)$, such that...
-
Write a program that reads a text file and converts its input to all lower case, producing a new file.
-
Suppose the government bond described in problem 1 above is held for five years and then the savings institution acquiring the bond decides to sell it at a price of $940. Can you figure out the...
-
An experiment conducted by members of the Religious Affiliation and Hiring Discrimination Organization to determine what shouldnt be in the resume should be of interest to students preparing resumes...
-
Gender Experiment 1 Is there sufficient evidence to infer that drivers behind a male driver are more likely to honk? Lead car driver was female Lead car driver was male Honked horn Did not honk horn...
-
Refer to Exercise 13.123. Do the data allow us to conclude that there is more variation in total capital gains (KGTOTAL) for self-employed individuals than for employees? In exercise 13.123 The...
-
( US$ millions ) 1 2 / 3 1 / 2 0 1 4 1 2 / 3 1 / 2 0 1 3 1 2 / 3 1 / 2 0 1 2 1 2 / 3 1 / 2 0 1 1 Net income $ 1 4 , 4 3 1 $ 1 2 , 8 5 5 $ 1 0 , 7 7 3 $ 9 , 7 7 2 Depreciation 3 , 5 4 4 2 , 7 0 9 1 ,...
-
net present value of zero
-
Suppose at Time 0 a dealer buys $100 par of a 4%-coupon 30-year bond for a price of par and posts the bond as collateral in a repo with zero haircut. The repo rate is 5%. Then, 183 days later, the...
Study smarter with the SolutionInn App