In Problems 19-24, find the future value, using the future value formula and a calculator. ($ 119,400)

Question:

In Problems 19-24, find the future value, using the future value formula and a calculator.

$\$ 119,400$ at $7.5 \%$ compounded continuously for 30 years

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

Step by Step Answer:

Related Book For book-img-for-question

Nature Of Mathematics

ISBN: 9781133947257

13th Edition

Authors: Karl J. Smith

See More Books

Question Posted: Jan 27, 2024 12:06 PM

See More Questions

On October 31, 2015, Pete's Print Shop purchased a copy machine for $27,600. Pete's Print Shop expects the machine to last for three years and to have a residual value of $1,500. Compute depreciation...
Consider Kodak's core competency before Fisher's arrival. As the market shifted from film to digital, did the company's historical core competency still qualify as a core competency? Did it pass the...
What are the function of the pancreas in the digestive system? (A) To secrete digestive enzymes (B) To regulate blood sugar levels (C) To absorb nutrients from the small intestine (D) To store bile
Considering these data where 'P1' estimates are analyst forecasts of future stock prices: Stock PO P1 A B C D B 52.5 59 0.4 1.1 24.5 29 0.26 2.1 36.4 43 0.23 1.5 38 42 0.33 1.4 Market Risk Premium...
Find the numbers such that the average value of f(x) = 2 + 6x 3x2 on the interval [0, b] is equal to 3.
Some critics claim that the Social Security trust funds are fictitious and contain worthless assets. Evaluate this allegation.LO5
Forecasting movie revenues with Twitter. Refer to the IEEE International Conference on Web Intelligence and Intelligent Agent Technology (2010) study on using the volume of chatter on Twitter.com to...
The Caribbean nations do not participate in NAFTA and CAFTA-DR. Many people in southern U.S. states complain that NAFTA and CAFTA-DR are unfair to their extended families living on the Caribbean...
Bovine Company, a wholesale distributor of umbrellas, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement: Sales Variable expenses...
In Problems 25-28, find the present value, using the present value formula and a calculator. Achieve $\$ 5,000$ in three years at $3.5 \%$ simple interest.
In Problems 19-24, find the future value, using the future value formula and a calculator. $\$ 45.67$ at $3.5 \%$ compounded daily for 3 years
True or False The functions and p(x) = x 3 are equal. R(x) = 6-zx x + 3
In the circuit of Fig. 4-51 write two loop equations using I 1 and I 2 . Then find the currents and node voltages. A 3A ( 4 3 V 792 B +1 D w 392 12 C
The capacitor in the circuit shown in Fig. 7-37 has initial charge Q 0 = 800 C, with polarity as indicated. If the switch is closed at t = 0, obtain the current and charge, for t > 0. 100 V (+ 10 4 F
A gift shop sells 400 boxes of scented candles a year. The ordering cost is $$60$ for scented candles, and holding cost is $$24$ per box per year. What is the economic order size for scented...
Kay Vickery is angry with Gene Libby. He is behind schedule developing supporting material for tomorrows capital budget committee meeting. When she approached him about his apparent lackadaisical...
Tharpe Painting Company is considering whether to purchase a new spray paint machine that costs $$3,000$ . The machine is expected to save labor, increasing net income by $$450$ per year. The...
Substitute x = tan() to integrate 1/1 + x2. Integration by substitution, in combination with trigonometric identities, can be used to integrate some surprising functions.
Give codons for the following amino acids: (a) Th (b) Asp (c) Thr
Suppose 5000 J of heat flow from a reservoir at 400 K to a colder reservoir. If the total entropy change of the universe is 200 J/K, what is the temperature of the cold reservoir? Because the...
A large piece of steel (initial temperature 400 K) is placed into a large bucket of ice water. If 4.0 J of heat flow from the steel into the ice water, what are the entropy changes of the steel, the...
A pot contains 250 g of water at 100C. If this water is heated and all evaporates to form steam at 100C, what is the change in the entropy of the H 2 O?
Suppose I have computed the cost of carbon per mile for my car at 0 . 0 1 2 per mile. Assume that the interest rate is 4 % and that I drive the car 2 8 , 0 0 0 miles per year. What is the present...
Imagine that in stable growth period, the firm earns ROIC of 10% and has after tax EBIT of 200 and reinvestment $ of 40. What is the steady state growth rate? 20% O 10% 2%
Tanner-UNF Corporation acquired as a long-term investment $160 million of 5.0% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until...

In Problems 19-24, find the future value, using the future value formula and a calculator. ($ 119,400)

Question:

Step by Step Answer:

To find the future value of an investment compounded continuously we use the formula FV P ert whe...View the full answer

Nature Of Mathematics

Students also viewed these Sciences questions