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

Question

1 Approved Answer

An investment pays $2,000 every third year for 45 years (a total of 15 payments). Your opportunity cost is 8% compounded semi-annually. The present value

image text in transcribed
An investment pays $2,000 every third year for 45 years (a total of 15 payments). Your opportunity cost is 8% compounded semi-annually. The present value of this investment is: O a. $13,323.26 O b. $7,317.16 O c. $9,666.46 O d. $19,639.28 O e. $4,762.53

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

Contemporary Financial Management

Contemporary Financial Management

Authors: James R Mcguigan, R Charles Moyer, William J Kretlow

10th Edition

978-0324289114, 0324289111

More Books

Students also viewed these Finance questions

Question

★★★★★
Accounting firms are very concerned that their employees have excellent communication skills, both oral and written. Explain why this requirement is so important by giving examples of where these...

Answered: 1 week ago

Question

★★★★★
29. Internet music. In a survey on downloading music, the Gallup Poll asked 703 Internet users if they ever downloaded music from an Internet site that was not authorized by a record company, or not,...

Answered: 1 week ago

Question

★★★★★
The acceptance of visa cards are in response to our customers demand for a more efficient and convenient way of paying for parking here at San Diego International airport.

Answered: 1 week ago

Question

★★★★★
Journalize the following transactions for Santa Fe Art Gift Shop. Explanations are not required. Feb. 3 Purchased $2,800 of merchandise inventory on account under terms 3/10, n/EOM and FOB shipping...

Answered: 1 week ago

Question

★★★★★
An investment pays $2,000 every third year for 45 years (a total of 15 payments). Your opportunity cost is 8% compounded semi-annually. The present value of this investment is: O a. $13,323.26 O b....

Answered: 1 week ago

Question

★★★★★
Hassan Co sells one line of inventory. At the year end it has 400 units in inventory. The following information is available Original Cost $10.60 Selling Price $13 Selling Costs $3.00 In the...

Answered: 1 week ago

Question

★★★★★
What is the variance and standard deviation of of 46.38, 46.18, 46.57, 46.72, 46.86, 46.58, 46.61, 46.64, 46.03, 45.93, 45.51, 45.53

Answered: 1 week ago

Question

★★★★★
Money Inc., a USA-based business has an acid test ratio of 3 times, and the value of the current assets including closing inventories (comprising of trade receivables of $2,000,000 and cash of...

Answered: 1 week ago

Question

★★★★★
we look at how companies use CRM, SCM, and ERP to gain a competitive advantage and run more efficiently. Find an industry/business or company currently using one of those technologies (CRM, SCM,...

Answered: 1 week ago

Question

★★★★★
1. What are the practices that Xerox used in its TQM implementation? Discuss. 2. What are some barriers that you think Xerox has faced during TQM implementation? Relate them. 3. Does TQM...

Answered: 1 week ago

Question

★★★★★
An automobile manufacturer based in Lexington, Kentucky, wants to move production jobs from Japan to Mexico so that it can be more responsive to changing demands in its North American markets. Which...

Answered: 1 week ago

Question

★★★★★
This lab is a starting point for exploring revenue across stores and departments at Dillards. What next steps would you take to further explore these data?

Answered: 1 week ago

Question

★★★★★
In this lab we used relatively simple bar charts to perform the analysis. What other visualizations would be interesting to use to explore these data?

Answered: 1 week ago

Question

★★★★★
What type of analysis did you perform in Part 1 of this lab (descriptive, diagnostic, predictive, or prescriptive)?

Answered: 1 week ago

Previous Question Next Question