If you have $1,490 today, how much will it be worth in six years at 9 percent

Question:

If you have $1,490 today, how much will it be worth in six years at 9 percent per year compounded continuously?

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

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals Of Corporate Finance

ISBN: 9781265553609

13th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

See More Books

Question Posted: Aug 24, 2021 07:17 AM

See More Questions

If you have $1,275 today, how much will it be worth in six years at 8 percent per year compounded continuously?
How much will it cost to borrow money? Most debt requires periodic payments of principal and interest. Consequently, debt often involves computations of annuities, particularly the present value of...
How much will it cost (in Canadian funds) to purchase 2000 worth of travellers cheques if the commission rate for this quantity of cheques is 0.5%?
Featherstone Inc. reported the following data: Net income ................................... $296,000 Depreciation expense ................... 113,100 Gain on disposal of equipment ...... 58,500...
Ionization of the first proton from H2SeO4 is complete (H2SeO4 is a strong acid); the acid ionization constant for the second proton is 1.2 102. (a) What would be the approximate hydronium-ion...
The advection-diffusion equation is used to compute the distribution of concentration along the length of a rectangular chemical reactor (see Sec. 32.1). c / t = D 2 c / x 2 U c / x kc where c =...
37. According to the tax rules, how are profits and losses allocated to owners of entities taxed as partnerships (partners or LLC members)? How are they allocated to S corporation shareholders? Which...
Omron Electronics currently produces the shipping containers it uses to deliver the electronics products it sells. The monthly cost of producing 10,000 containers follows: Unit-level...
Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at Davis are considering expanding by opening new stores and are interested in estimating costs in...
Clark Shuman, owner and general manager of an automobile dealership, was nearing retirement and wanted to begin relinquishing his personal control over the businesss operations. (See Shuman...
Consider the following project of Hand Clapper, Inc. The company is considering a four-year project to manufacture clap-command garage door openers. This project requires an initial investment of $12...
Exotic Cuisines, Inc., a restaurant chain that just went public last year. The companys restaurants specialize in exotic main dishes, using ingredients such as alligator, bison, and ostrich. A...
Sylvester files as a single taxpayer during 2019. He itemizes deductions for regular tax purposes. He paid charitable contributions of $7,000, real estate taxes of $1,000, state income taxes of...
Compare the alternatives that Bergerac is considering for its decision. Include: Comparison of make versus buy option in the type of operation that Bergerac is looking to integrate. You do not need...
Let A, B, C and D be non-zero digits, such that CD is a two-digit positive integer. BCD is a three-digit positive integer generated by the digits B, C and D. ABCD is a four-digit positive integer...
1.) An aluminum tube is clamped with rigid plates using four bolts as shown. The nut on each bolt is tightened one turn from 'snug'. The thickness of the plate may be considered insignificant in this...
4.21 Case Study Competency IV.1RM Determine diagnosis and procedure codes and groupings according to official guidelines. Competency IV.1 Validate assignment of diagnostic and procedural codes and...
W.E.B Dubois taught the book called "The State" to his students at Atlanta University. Who wrote this book
On December 31, 2019, Grey Inc. owns a machine with a carrying amount of $940,000. The original cost and accumulated depreciation for the machine on this date are as follows: Machine...
Multiple Choice Questions: 1. The largest component of aggregate demand is? a. Government purchases. b. Net exports. c. Consumption. d. Investment. 2. A reduction in personal income taxes, other...
In 2009 and 2010, investment banks were under fire for interest rate swaps sold to municipalities and nonprofits. For example, California's water resource authority paid about $305 million, North...
Suppose you own a home that costs $200,000 and you buy homeowner's insurance to cover your house against fire, wind, tornados, and other disasters. One way to view your insurance is that you...
With some insurance policies, the value of the asset to be replaced is the current market value. For example, if you bought a couch five years ago for $1,000, and the current value of the couch is...
ACC 2 0 2 Milestone One: Operational Costs Data Appendix You plan to open a small business for manufacturing pet collars, leashes, and harnesses. You have found a workshop space you can use for...
Explain the following: Understand the PPE acquisition (or investing) cycle and related significant transactions and source documents Understand the relevant assertions/objectives about PPE balances...
Problem 3 Progress Company acquired 6 0 % of Stall Corporation on 1 2 0 2 0 . Fair values of Stall's assets and liabilities approximated book values on that date. Progress uses the initial value...

If you have $1,490 today, how much will it be worth in six years at 9 percent

Question:

Step by Step Answer:

Future Value Formula A P 1 r100 n Where A Future value of the investm...View the full answer

Fundamentals Of Corporate Finance

Students also viewed these Business questions