Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 30, 2024

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

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. $13,323.26 O d. $4,762.53 Oe. $9,666.46

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Recommended Textbook for

Public Finance

Authors: Harvey S. Rosen

5th Edition

025617329X, 978-0256173291

More Books

Students also viewed these Finance questions

Question

Did the school meet Adequate Yearly Progress (AYP)?

Answered: 1 week ago

Question

★★★★★

The Walston Company is to be liquidated and has the following liabilities: Income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8,000 Notes payable...

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. $19,639.28 O b....

Answered: 1 week ago

Question

★★★★★

160 VOLUME 9, NUMBER 5, OCTOBER 2000 Three Laws of Behavior Genetics and What They Mean Eric Turkheimer' Department of Psychology, University of Virginia, Charlottesville, Virginia Abstract Behavior...

Answered: 1 week ago

Question

★★★★★

Martin Office Supplies paid a $2 dividend last year. The dividend is expected to grow at a constant rate of 5 percent over the next four years. The required rate of return is 12 percent (this will...

Answered: 1 week ago

Question

★★★★★

8 Required information The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable...

Answered: 1 week ago

Question

★★★★★

In recent decades, Americans have increased their purchase of stocks of foreign - based companies. The Americans who have bought these stocks were engaged in Question 1 7 options: a ) foreign direct...

Answered: 1 week ago

Question

★★★★★

The table below contains warranty and repair cost information for specific types of office equipment. Office Equipment Warranty Type of Office Equipment Model Number Warranty Periods Parts Warranty...

Answered: 1 week ago

Question

★★★★★

Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501. Lance works for the convention bureau of the local Chamber of Commerce, while Wanda is employed part-time as a...

Answered: 1 week ago

Previous Question Next Question