If you have $1,000 today, how much will it be worth in five years at 7 percent
Question:
If you have $1,000 today, how much will it be worth in five years at 7 percent per year compounded continuously?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
To calculate how much 1000 will be worth in five year...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780072553079
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
Question Posted:
Students also viewed these Business questions
-
If you have $1,490 today, how much will it be worth in six years at 9 percent per year compounded continuously?
-
If you have $1,275 today, how much will it be worth in six years at 8 percent per year compounded continuously?
-
Q01: With regard to the future value of investment, consider the following two investment plans and give assessment that which plan generates more money in terms of amount and interest? a. If you put...
-
Consider the approximation of the welfare loss due to inter-area deviations from the correct rate of care. All else equal, which procedures would yield the largest welfare losses those with low price...
-
What information is found on the depreciation schedule? How can this information be verified?
-
Taxpayers can structure transactions through third parties that qualify as like-kind exchanges if certain time requirements for identifying the properties and closing the transaction are met. This...
-
The cash book of a restaurant showed a bank balance of 2300 on 31 December 1992. On going through the cash book, it was found that two cheques for 500 and 700 deposited in the month of December were...
-
From the household budget survey of 1980 of the Dutch Central Bureau of Statistics, J. S. Cramer obtained the following logit model based on a sample of 2,820 households. (The results given here are...
-
BrazilCos Restaurant Lease On 1/1/X1, Prestos Brazilian subsidiary, BrazilCo, leases a vacant restaurant in Brasilia for a 5-year term with fixed payments amounting to the equivalent of $100,000 USD...
-
Go to www.cfo.com and, under CFO.com Toolbox, follow the Stock Options Calculator link, then the Options Calculator (Java) link. There is a call and a put option on a stock that expires in 30 days....
-
Looking back at the EquiCredit example we used to open the chapter, why would you say EquiCredit used a swap agreement? In other words, why didnt EquiCredit just go ahead and issue fixed-rate bonds...
-
Determine i0 (t) in the circuit of Fig. 16.47. 1 F 2 H 1 e-Mut A 2
-
Over the past 40 years, union membership has declined, and it continues to do so. Instead, many companies are turning to alternative dispute resolution. We know one of the best union avoidance...
-
Article "A Leader's Journey" by Pamela Kruger Photographs by Nigel Dickson. For this discussion, let's try and unpack the key factors that led to his transformation. 1. What are your key takeaways...
-
Describe the collaborative roles of the team leader and the team coach in helping a group of people come together to form a team. Recommend strategies for Alex as team leader to use in helping to...
-
a. Complete the table with all marginal totals and cell counts. b. Calculate the following probabilities. i. For a male to be a Republican. ii. For a voter to be female. iii. For a voter to be either...
-
1. Will the Coronavirus Pandemic Make Working from Home the New Normal?" Address the following below. Define the problem described in this case. What are the management, organization, and technology...
-
Jackie's Toy Shop completed the following merchandise transactions in the month of April: 201X Apr. 2 Purchased merchandise on account from Irwin Suppliers, $2,500; terms 3/10, n/30. 4 Sold...
-
Willingness to pay as a measure of a person's value for a particular good measures the maximum a person would be willing to pay requires that payment actually be made depends on the satisfaction that...
-
What are zero coupon bonds, and how are they priced?
-
Explain how bond yields are calculated.
-
What is interest rate risk?
-
Construction of consumer price index number for the given goods and services. Item Weight in % Base period price Current period price Food 35 150 145 Fuel 10 25 23 Cloth 20 75 65 Rent 15 30 30 Misc....
-
Gammaro Corporation has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales of the credit sales, Gammaro Corporation has experienced the following...
-
Swifty Company estimates that 2022 sales will be $43,200 in quarter 1,$51,840 in quarter 2 , and $62,640 in quarter 3 , Cost of goods sold is 50% of sales. Management desires to have ending...
Study smarter with the SolutionInn App