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. $19,639.28 O b. $7,317.16 O c. $9,666.46 O d. $4,762.53 e. $13,323.26

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

Currency Wars Offense And Defense Through Systemic Thinking

Currency Wars Offense And Defense Through Systemic Thinking

Authors: Jeffrey Yi-Lin Forrest , Yirong Ying , Zaiwu Gong

1st Edition

3319677640,3319677659

More Books

Students also viewed these Finance questions

Question

★★★★★
Why is it necessary for a company to disclose subsequent events? What kinds of subsequent events are disclosed by an adjustment to the companys financial statements and what kinds are disclosed in a...

Answered: 1 week ago

Question

★★★★★
Which of the following class headers is correct? Answers: public abstract class Dalek extends Robot implements Exterminate, Comparable public class Dalek extends Robot, implements Exterminate,...

Answered: 1 week ago

Question

★★★★★
What do you look for when finding new friends?

Answered: 1 week ago

Question

★★★★★
You are the vice president of finance for Exploratory Resources, headquartered in Houston, Texas. In January 2010, your firms Canadian subsidiary obtained a six-month loan of 150,000 Canadian dollars...

Answered: 1 week ago

Question

★★★★★
In this increasingly digital and globalised world, the shift to the cloud computing is practically an imperative for small and medium enterprises ( SME ) . The cloud computing foster innovation and...

Answered: 1 week ago

Question

★★★★★
Milo Limited, South Africa, is a specialist manufacturer of security doors and gates. In seeking to expand its operations, it could acquire a Dutch subsidiary company, Nabby lGuard, or set up a new...

Answered: 1 week ago

Question

★★★★★
1.The motion of an athletic mouse is shown in the graph below. Use the graph to answer the following questions. (a) Total distance travelled. (b) Total displacement (c) Average speed (d) Average...

Answered: 1 week ago

Question

★★★★★
10. To find out dissatisfiers, the best starting point is (a) Market research (b) Benchmarking (c) Brainstorming (d) Customer complaints 11. Which of the following are important for front line...

Answered: 1 week ago

Question

★★★★★
plaese clear steps how to slove it in excel? H Company advertises on soap operas and football games. Each soap opera ad costs $50,000, and each football game ad costs $100,000 ving all figures in...

Answered: 1 week ago

Question

★★★★★
Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 2012....

Answered: 1 week ago

Question

★★★★★
Two years ago, Carlisle Industries commenced its business by issuing 250,000 shares of $5 par value stock for $28 per share. During the fourth quarter of the current year, the company repurchased...

Answered: 1 week ago

Question

★★★★★
=+c. What will the music industry look like in the future? Whats next after

Answered: 1 week ago

Question

★★★★★
=+How well do these criteria correspond to the needs and expectations of business?

Answered: 1 week ago

Question

★★★★★
=+4. What is the purpose of a sandbox on a wiki? [LO-3]

Answered: 1 week ago

Previous Question Next Question