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

Question

1 Approved Answer

A math tee shirt business is expected to generate $15,000 in revenue per year for the next 20 years. If the income is reinvested in

image text in transcribed
A math tee shirt business is expected to generate $15,000 in revenue per year for the next 20 years. If the income is reinvested in the business at a rate of 8% per year compounded continuously, determine the present value of this income stream. Present value (exact value) = dollars Present value (rounded to the nearest cent) = dollars

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

Algebra (subscription)

Algebra (subscription)

Authors: Elayn Martin Gay

5th Edition

0134179137, 9780134179131

More Books

Students also viewed these Mathematics questions

Question

★★★★★
For each of the following independent cases A through D, compute the missing values: Cost of Goods Manufactured BegInning Finished Goods Inventory Ending Finished Goods Inventory Cost of Goods Sold...

Answered: 1 week ago

Question

★★★★★
How will you know whether the Coastal Medical Center plan to increase healthcare value is a success? LO6

Answered: 1 week ago

Question

★★★★★
6.31 How Many Words? A publisher has discov- ered that the numbers of words contained in a new manuscript are normally distributed, with a mean equal to 20,000 words in excess of that specified in...

Answered: 1 week ago

Question

★★★★★
Bryan and Cody each contributed $120,000 to the newly formed BC Partnership in exchange for a 50% interest. The partnership used the available funds to acquire equipment costing $200,000 and to fund...

Answered: 1 week ago

Question

★★★★★
journal entries and with narration of following question journal entries of following Scooba Dive Inc. Unadjusted Trial Balance As at 30 June 2020 Credit (S) Debit (5) 4,800 28,800 34,400 1,440...

Answered: 1 week ago

Question

★★★★★
Should Smith receive the Job offer. Why or why not? Case: Marita Smith works as a data entry clerk in a government department that is undergoing downsizing. Smith, who is severely hearing impaired,...

Answered: 1 week ago

Question

★★★★★
Calculate the standard deviation of the following returns. Year Return 1 0.02 2 -0.19 3 -0.07 4 -0.1 5 0.11 Enter the answer with 4 decimals, e.g. 0.1234.

Answered: 1 week ago

Question

★★★★★
A pressure-fed monopropellant thruster has a 2 m propellant tank. The propellant tank is pressurized to 12 MPa by helium, which enters through a regulator that keeps the pressure in the propellant...

Answered: 1 week ago

Question

★★★★★
You are trying to learn whether a training program leads to higher post training wage rates. You compare the average wage rates for workers who went to training to the average wage rates for workers...

Answered: 1 week ago

Question

★★★★★
Cynthia uses hours to determine her internet use. Over a 4 week period in September, she used her internet for a total of 7 7 6 hours, of which 2 2 3 hours were used for work purposes. Her internet...

Answered: 1 week ago

Question

★★★★★
Gigabytes Computers, Inc, manufactures two styles of computer keyboards, the multimedia Keyboard and the Comfort Type keyboard. The company uses activity based costing to allocat overhead costs to...

Answered: 1 week ago

Question

★★★★★
Evelyn monitors the number of influenza infections reported in a city in a given week The recent numbers are shown in this table: Week Number of People 0 16 1 32 2 64 3 128 The reported infections...

Answered: 1 week ago

Question

★★★★★
Last month when Holiday Creations, Incorporated, sold 4 1 , 0 0 0 units, total sales were $ 1 6 4 , 0 0 0 , total variable expenses were $ 1 3 7 , 7 6 0 , and fixed expenses were $ 3 9 , 9 0 0 . What...

Answered: 1 week ago

Question

★★★★★
1. Start with a leader that you want to model. a. What is the stated purpose of this person? b. What is the vision of this person? c. How does he seek to achieve his purpose and vision? d. What does...

Answered: 1 week ago

Question

★★★★★
2. Now change the performance so that you play out the dream in your inner the-atre. Apply colours to the images you envision. Give some pictures a stronger colour than others and vice versa. Also...

Answered: 1 week ago

Question

★★★★★
1. Imagine that you have already achieved a dream or a goal you have set for yourself. Both the goal and the dream correspond to your basic values. Try to visualize this dream or goal. What do you...

Answered: 1 week ago

Previous Question Next Question