Answered step by step
Verified Expert Solution
Question
1 Approved Answer
14. Given the cash flow diagram below, compute the value of P $5,000 A. $39.26 P A. $39,263 B. $95.49 A. $500 10 $2,000
14. Given the cash flow diagram below, compute the value of P $5,000 A. $39.26 P A. $39,263 B. $95.49 A. $500 10 $2,000 B. $411 15. Given the cash flows below, compute the value of the present worth for an interest rate of 5%. Year 1 2 3 4 Cash flow 4,000 3,000 2,000 1,000 0 B. $45,496 2 C. $36.50 A = ? i-9% 3 16. Given the cash flow diagram below, determine the unknown value using an interest rate of 8%. i = 8% C. $36,509 20 4 6-20 4,000 D. $47.20 2000 C. $307 D. $41,611 D. $391 17. John is planning on repaying a debt of $25,000 with a quarterly payment $1,200 for the next 23 quarters and a final payment of "X" dollars at the end of 24-th quarter. If the interest rate is 12% per year, compounded quarterly, what will be John's final payment? A. $10,173 B. $14,223 C. $13,070 D. $13,918
Step by Step Solution
★★★★★
3.41 Rating (167 Votes )
There are 3 Steps involved in it
Step: 1
14 Computation of the value of P P 5000 PF 9 20 2000PF 9 10 5000 x 01784 2000 x 04224 892 84480 P 47...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