Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 06, 2024

1044.89=100/1+i + 100/(1+i) 2 + 1000/(1+i) 2 C an someone provide me the solution for this the answer is 7.5 % I don't know how

1044.89=100/1+i + 100/(1+i)² + 1000/(1+i)²

^Can someone provide me the solution for this the answer is 7.5 % I don't know how they got this

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

A Fast And Frugal Finance

Authors: William P. Forbes, Aloysius Igboekwu, Shabnam Mousavi

1st Edition

0128124954, 978-0128124956

More Books

Students also viewed these Finance questions

Question

★★★★★

The financial statements for CAP Inc. and SAP Company for the year ended December 31, Year 5, follow: On December 31, Year 5, after the above figures were prepared, CAP issued $300,000 in debt and...

Answered: 1 week ago

Question

★★★★★

Nicholas Nickelby, a quality control supervisor for Vinyl Windows, Inc., is concerned about an increase in distribution costs per unit from $10 to $13.80 over the last four years. Nickelby feels that...

Answered: 1 week ago

Question

★★★★★

Medicares new medical plans offer a wide range of variations and choices for seniors when picking a drug plan (San Luis Obispo Tribune, No vem ber 25, 2005). The monthly cost for a stand-alone drug...

Answered: 1 week ago

Question

★★★★★

1. What is wrong with this surveillance log? 2. Why is it important to take detailed notes during surveillance and covert operations? The following surveillance log was taken during two fixed-point...

Answered: 1 week ago

Question

★★★★★

What is the worst - case time complexity of the following recursive algorithm? Assume that N is the number of elements in the array and that the value of 'pos' in the first call to the algorithm is...

Answered: 1 week ago

Question

★★★★★

Problem 7-8 The Mariposa Co. has two bonds outstanding. One was issued 25 years ago at a coupon rate of 9%. The other was issued 5 years ago at a coupon rate of 9%. Both bonds were originally issued...

Answered: 1 week ago

Question

★★★★★

An idealized model of the normalized power spectral density of a gas laser oscillating in $N$ equal-intensity axial modes is \[ \widehat{\mathcal{G}}(v)=\frac{1}{N} \sum_{n=-(N-1) / 2}^{(N-1) / 2}...

Answered: 1 week ago

Question

★★★★★

According to Figure 1.2, the EU is a major customer of exports from Africa and the Middle East. What types of products do you think these areas produce for export, and why do you think the EU is...

Answered: 1 week ago

Question

★★★★★

Compare the results of Exercise 3 with those obtained via the program arima.rob. Data From Exercise 3: Use the package tsoutliers to detect outliers in the 9th and 10th series of the data set...

Answered: 1 week ago

Question

★★★★★

D. J. Hills checkbook lists the following: Hills May bank statement shows the following: Requirements 1. Prepare Hills bank reconciliation at May 31, 2012. 2. How much cash does Hill actually have on...

Answered: 1 week ago

Question

★★★★★

In order to meet strong competition from Volkswagen as well as other foreign domestic subcompacts, Lee Iacocca, then president of Ford Motor Co., decided to introduce a new vehicle by 1970, to be...

Answered: 1 week ago

Question

★★★★★

5. Understand how cultural values influence conflict behavior.

Answered: 1 week ago

Question

★★★★★

6. Describe how communication can reinforce cultural beliefs and behavior.

Answered: 1 week ago

Question

★★★★★

3. Analyzing a Film. View a feature film or a video (e.g., Chir-raq or Brooklyn) and assume the position of a researcher. Analyze the cultural meanings in the film from each of the three...

Answered: 1 week ago

Previous Question Next Question