What amount deposited today would yield $50,000 in 4 years and 5 months if it were invested

Question:

What amount deposited today would yield $50,000 in 4 years and 5 months if it were invested at 5.55% compounded semi-annually?

AppendixLO1

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

Step by Step Answer:

Related Book For book-img-for-question

Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

See More Books

Question Posted: Aug 30, 2024 09:04 AM

See More Questions

Avishek has $49,583.72 and wants to buy a T-bill with a face value of $50,000.00 that matures on 2020-04-17. The annual simple interest rate is 3.000% and the daycount convention is ACT / 360. What...
Sara receives $5,500 per year scholarship to attend the state university .Sarah spends $4,000 for tuition, $500 for required textbooks and $1,000 for room and board. Sara also has a part time job on...
Willis (2006) re-examines the study of Cecchetti (1986) on price adjustment behavior in the magazine industry. Cecchetti assumes that a firm's pricing rules are fixed for non-overlapping three-year...
Discuss Thaler and Shefrins major contributions to behavioral finance.
Eurotronics is a European manufacturer of electronic components. During the course of a year, it requires container cargo space on ships leaving Hamburg bound for the United States, Mexico, South...
It is C++, Inherit the BankAccount class in two other classes, SavingsAccount, WalletAccount. Make sure you Have all the following methods and data members stated bellow in each class. Remember...
Olivia borrowed money to renovate her kitchen. She settled the loan in five years with a single payment of $55,021.80. If the interest rate charged on the loan was 3.8% compounded semi-annually for...
What is the discounted value of a loan that matured to $5000 in 5 years if the interest rate is 4% compounded monthly? AppendixLO1
In Section 4.11 we studied the eye diagram of a quaternary (M 4) PAM baseband transmission system under both noisy and band-limited conditions. In that experiment, the channel was assumed linear. In...
Emily Smith files her tax return on the basis of a fiscal year. Her records show that she received income in November 2021 and February 2022 from which there was backup withholding ($100 and $50,...
Tax Losses and Capital Losses Recouped The records of Gareth Young, an Australian resident, over three tax years disclosed: 2021/22 2022/23 2023/24 $ $ $ Assessable business income 54,000 72,000...
Questionnaire links were sent out through WhatsApp to study the impact of the use of nutrition apps (N-App) and fitness apps (F-App) on women's BMI and depression levels. Data were then collected and...
In the realm of statistical analysis, measures of central tendency and variation play a crucial role in understanding and summarizing datasets. Central tendency indicators, such as mean, median, and...
Please, answer Question #1. Thank you so much!! The National Vital Statistics Reports for November 2011 states that the U.S. Cesarean delivery rate for 2010 was about 32.8%. Cesarean delivery is...
Tara Corporation uses the equity method of accounting for its 40% investment in Flax's common stock. During 2017, Flax reported earnings of $750,000 and paid dividends of $250,000. Assume that: All...
Whats the difference between an ordinary annuity and an annuity due? What type of annuity is shown below? How would you change the time line to show the other type of annuity?
For each firm listed in the following, identify whether it would use job costing or process costing. 1. Canned soup producer 2. Custom automobile restorer 3. Facial tissue manufacturer 4. Accounting...
Assume a company has two processing departmentsMolding and Packaging. Transactions for the month are shown as follows. 1. The Molding department requisitioned direct materials totaling $4,000 to be...
Complete the requirements for each item in the following. 1. A total of 10,000 units of product remain in the Assembly department at the end of the year. Direct materials are 80 percent complete and...
1 Johnny is a Project Manager at PLC Inc. He is tasked to build two double bedroom apartments a month for the coming twelve months. Each apartments costs a hundred million rands. At the beginning of...
55. Hudson Corp. sells $240,000 of bonds to private investors. The bonds have a 7% coupon rate and interest is paid semiannually. The bonds were sold to yield 10%. What periodic interest payment does...
The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2019 No. Account Title 101 Cash Debit $ 5,000 Credit 104...

What amount deposited today would yield $50,000 in 4 years and 5 months if it were invested

Question:

Step by Step Answer:

Mathematics Of Business And Finance

Students also viewed these Business questions