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

Question

1 Approved Answer

A promissory note will pay $50,000 at maturity 13 years from now. If you pay $20,000 for the note now, what rate compounded continuously would

image text in transcribed
A promissory note will pay $50,000 at maturity 13 years from now. If you pay $20,000 for the note now, what rate compounded continuously would you earn? The investment would earn about % compounded continuously. (Round to three decimal places as needed.)

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_2

Step: 3

blur-text-image_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

Marketplace Lending Financial Analysis And The Future Of Credit Integration Profitability And Risk Management

Marketplace Lending Financial Analysis And The Future Of Credit Integration Profitability And Risk Management

Authors: Ioannis Akkizidis, Manuel Stagars

1st Edition

1119099161, 978-1119099161

More Books

Students also viewed these Finance questions

Question

★★★★★
Christie Realty loaned money and received the following notes during 2016. Requirements 1. Determine the maturity date and maturity value of each note. 2. Journalize the entries to establish each...

Answered: 1 week ago

Question

★★★★★
1. The city of Joslyn has three sources of revenue: borrowing, proprietary income from running the local electric power utility, and taxes. If it received $10 million from running the electric power...

Answered: 1 week ago

Question

★★★★★
The process of valuing ADRs is known as portfolio valuation, when the market rate at the end of the period is determined from the a. Primary stock exchange where the shares are traded b. Secondary...

Answered: 1 week ago

Question

★★★★★
The thermal decomposition of dimethyl ether (CH 3 ) 2 O (g) CH 4 (g) + H 2 (g) + CO (g) is to be carried out in an isothermal 2.00-liter laboratory reactor at 600C. The reactor is charged with pure...

Answered: 1 week ago

Question

★★★★★
can someone please help me with this question l mainly need help with creating the equations.Example 1 : Generate the equation of the following polynomial functions.

Answered: 1 week ago

Question

★★★★★
4.(10pts) A molecular dipole consists of two equal and opposite charges, (Q+ and Q~), separated by the distance d as shown below. The magnitude and direction of the electric eld vector of the...

Answered: 1 week ago

Question

★★★★★
What milk or dairy preferences do you and your family have? Have they changed? Why or why not?

Answered: 1 week ago

Question

★★★★★
When should you avoid using exhaust brake select all that apply

Answered: 1 week ago

Question

★★★★★
A customer order entered into a Manufacturing system or Distribution system will document which the warehouse will need to action. What is the name of this Document?

Answered: 1 week ago

Question

★★★★★
Overview To become an effective Security Analyst, you need to understand how to use network analysis tools like Wireshark. A carpenter needs to know when to use his table saw vs. when to use his...

Answered: 1 week ago

Question

★★★★★
Book: An Intro to Combustion 4th ed. by Turns and Haworth Write down the 1-step global reaction for propane-air combustion at stoichiometric conditions. The reaction rate (in kmol/ms) of the fuel...

Answered: 1 week ago

Question

★★★★★
Read the article summarised in focus on research 11.7 and suggest other HRM actions that the organisation could have taken after the strike to meet the employees aims.

Answered: 1 week ago

Question

★★★★★
Role- play the situation of an interview with an employee coming back to work in an engineering environment after an extended period of absence through having a bad back.

Answered: 1 week ago

Question

★★★★★
What types of specific skills (such as knowledge of financial accounting methods) do you think HR professionals will need to have the business, professional-technical, change management, and...

Answered: 1 week ago

Previous Question Next Question