Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 09, 2024

(1 point) Suppose that a payment in three years of 10000 dollars has a present value of 8120.57 dollars. What is the nominal rate of

image text in transcribed

(1 point) Suppose that a payment in three years of 10000 dollars has a present value of 8120.57 dollars. What is the nominal rate of interest convertible quarterly? Answer = percent

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Handbook Of Research In Education Finance And Policy

Authors: Helen F. Ladd, Margaret E. Goertz

2nd Edition

0415838010, 978-0415838016

More Books

Students also viewed these Finance questions

Question

★★★★★

Astudy of 800 homeowners in a certain area showed that the average value of the homes was $82,000, and the standard deviation was $5000. If 50 homes are for sale, find the probability that the mean...

Answered: 1 week ago

Question

★★★★★

1. Why is the prediction of behavior an important goal of Organizational Behavior? 2. What other benefits may be derived from studying Organizational Behavior?

Answered: 1 week ago

Question

★★★★★

15. Temperature transducers of a certain type are shipped in batches of 50. A sample of 60 batches was selected, and the number of transducers in each batch not conforming to design speci cations was...

Answered: 1 week ago

Question

★★★★★

Jerry Goff, president of Harmony Electronics, was concerned about the end-of-the-year marketing report that he had just received. According to Emily Hagood, marketing manager, a price decrease for...

Answered: 1 week ago

Question

★★★★★

Homework: Chapter 6 HW Save Score: 0 of 1 pt 1 of 11 (1 complete) HW Score: 9.09%, 1 of 11 pts Problem 6-27 (book/static) Question Help The Consolidated Oil Company must install antipollution...

Answered: 1 week ago

Question

★★★★★

The director of a childcare service has reviewed staff member Sally's programming documentation and is concerned Sally's work does not meet the service's expectations or standards. there are a number...

Answered: 1 week ago

Question

★★★★★

Calculate a 90% confidence level. What is the T-Confidence level? Column1 Mean 29347.5 Standard Error 5974.512153 Median 25325 Mode #N/A Standard Deviati 18893.06631 Sample Variance 356947954.7...

Answered: 1 week ago

Question

★★★★★

Accounting break-even Unit price Unit variable cost 18,980 $103 ? Fixed costs Depreciation $425,860 $372,118 What is the Unit Variable Cost? Note: Do not put the $ sign and only use two decimal...

Answered: 1 week ago

Question

★★★★★

A commercial building that has a value of $600,000 is insured on a Broad Perils policy with a coverage limit of $400,000. and a deductible of $1,000. 1. If a new building has a replacement cost of...

Answered: 1 week ago

Question

★★★★★

The reading and videos for this week bring to light some of the ethical and business-related issues in collecting and using data gathered about customer behaviors and using it to target advertising....

Answered: 1 week ago

Question

★★★★★

You are a large customer of a major Wall Street investment bank. They believe the price of oil will be going up over the next year and they are willing to enter an unlimited number of long positions...

Answered: 1 week ago

Question

★★★★★

1. LaunchPad for Real Communication offers key term videos and encourages selfassessment through adaptive quizzing. Go to bedfordstmartins.com/realcomm to get access to: LearningCurve Adaptive...

Answered: 1 week ago

Question

★★★★★

3. For an interesting look at conflict and debate, you need not search further than the U.S. Congress. Debates on the floor of the Senate and House of Representatives are broadcast on C-SPAN and...

Answered: 1 week ago

Question

★★★★★

2. Identify conflict triggers in yourself and others

Answered: 1 week ago

Previous Question Next Question