Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 18, 2024

( 1 point) A perpetuity pays 1500 dollars on January 1 of 1980,1982,1984,, and pays X dollars on January 1 of 1981,1983,1985, If the present

( 1 point) A perpetuity pays 1500 dollars on January 1 of 1980,1982,1984,, and pays X dollars on January 1 of 1981,1983,1985, If the present value on January 1,1975 is 26000 dollars, and the effective rate of interest is 6.9 percent, what is X ? Answer = dollars

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

Describe, draw models of and apply generic organizational structures such as the simple structure, departmentalized functional structures, matrix structures and bureaucracy;

Answered: 1 week ago

Question

★★★★★

Palmer/Davis Designs sells customized mobile phone covers. The companys controller prepared the following income statement for the upcoming monthly management meeting. Required a. Assume that...

Answered: 1 week ago

Question

★★★★★

You just won the state lottery, and you have a choice between receiving $3,500,000 today or a 10-year annuity of $500,000, with the first payment coming one year from today. What rate of return is...

Answered: 1 week ago

Question

★★★★★

(a) Young's double-slit experiment is performed with 550-nm light and a distance of 2.00 m between the slits and the screen. The tenth interference minimum is observed 7.90 mm from the central...

Answered: 1 week ago

Question

★★★★★

1. Prepare for the appraisals Begin by reviewing and printing out the previously completed Performance Appraisal for Terry, Giselle and Prem. Review the Team Performance Appraisals completed by your...

Answered: 1 week ago

Question

★★★★★

On January 1st, 2017, Sands Company purchased a construction lathe at a cost of $625,000. It was estimated that the machine would have a useful life of 25 years, and a residual value at the end of...

Answered: 1 week ago

Question

★★★★★

MTV's network has become a symbol of globalization. Established in 1981, the US based music TV network has been expanding outside of its North American base since 1987; when it first opened MTV...

Answered: 1 week ago

Question

★★★★★

How to solve it???......... 4. On Dec. 31, 20x1, the petty cash fund of Bark Co., with a P30,000 leger balance, consists of the following: Currencies and coins 1,020 Vouchers for various PCF...

Answered: 1 week ago

Question

★★★★★

Estimate 99 by using a linear approximation of f(x) = x about the value x = 100. Round your answer to four decimal places, if necessary.

Answered: 1 week ago

Previous Question Next Question