FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(5) The present value that will give a future value S in 4 years with interest compounded annually varies inversely as the fourth power of

image text in transcribed

(5) The present value that will give a future value S in 4 years with interest compounded annually varies inversely as the fourth power of 1 + r, where r is the annual interest rate. If the present value of $1525.79 gives a future value of $2000, what would be the present value of $10,000 in the future

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Managerial Accounting W/Connect Plus 1

Managerial Accounting W/Connect Plus 1

Authors: Garrison

14th Edition

0077654447, 978-0077654443

More Books

Students also viewed these Accounting questions

Question

★★★★★
Of what importance are publicity concerns when formulating objectives for fraud investigation?

Answered: 1 week ago

Question

★★★★★
please make a model in excel You are an investor looking to acquire a 100 unit apartment in Gainesville, FL. It is a Class A property with no major damages (no capital expenditures needed). You can...

Answered: 1 week ago

Question

★★★★★
3.36. For each of the following variables, indicate whether you would expect its relative frequency histogram to be bell shaped, U shaped, skewed to the right, or skewed to the left. (a) Exam score...

Answered: 1 week ago

Question

★★★★★
Crenshaw uses a job order costing system to account for projects. It applies Manufacturing overhead to jobs on the basis of direct labor hours and pays its direct labor workers $25 per hour. The...

Answered: 1 week ago

Question

★★★★★
(5) The present value that will give a future value S in 4 years with interest compounded annually varies inversely as the fourth power of 1 + r, where r is the annual interest rate. If the present...

Answered: 1 week ago

Question

★★★★★
This problem considers production and comparative advantage. See the table below. Pennsylvania Maryland Bushels of Soybeans 23 per acre 15 per acre Bushels of Wheat 8 per acre 10 per acre Assume each...

Answered: 1 week ago

Question

★★★★★
A friend has asked you to help him figure out a statement he received from his broker. It seems that that at the start of last year, your friend paid $900 for a bond and sold it at the end of the...

Answered: 1 week ago

Question

★★★★★
You are told that P(A) = 0.4, P(B) = 0.5 and P(A or B) = 0.68 What is the value of P(A and B)? Please provide your answer in decimal form or percentage form, correctly rounded to two decimal places.

Answered: 1 week ago

Question

★★★★★
Trish Harris has deposited $2500 today in an account paying 6 per cent interest annually. What would be the simple interest earned on this investment in five years? If the account paid compound...

Answered: 1 week ago

Question

★★★★★
Mr. Lee was intending to enroll in MaxCares Medicare Advantage plan this year. However, due to his current medical condition, his daughter Debbie has been appointed as his legal representative over...

Answered: 1 week ago

Question

★★★★★
Critically assess section 4 [Exclusions] of Ghanas Electronic Transactions Act, 2008 (Act 772) in terms of its effect on e-commerce technology innovation in Ghana in the light of the UNCITRAL Model...

Answered: 1 week ago

Question

★★★★★
Discuss how the HRM function can define its mission and market. page 667

Answered: 1 week ago

Question

★★★★★
List the advantages and disadvantages of the pay programs. page 505

Answered: 1 week ago

Question

★★★★★
Describe how organizations combine incentive plans in a balanced scorecard. page 517

Answered: 1 week ago

Previous Question Next Question