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

Question

1 Approved Answer

calculate the present value of $40000 receivable in six years' time , if the interest rate is 15% per annum.

calculate the present value of $40000 receivable in six years' time , if the interest rate is 15% per annum.

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

How To Be A Good Accountant A Comprehensive Guide To Developing Professional Accounting Qualities

How To Be A Good Accountant A Comprehensive Guide To Developing Professional Accounting Qualities

Authors: WILLIAM S. CUSSON

1st Edition

979-8366157773

More Books

Students also viewed these Accounting questions

Question

★★★★★
Dittman Expositions has the following data available: Required: Prepare statements of retained earnings for 2011 and 2012. Dividends, 2011 Dividends, 2012 Expenses, 2011 Expenses, 2012 9,910...

Answered: 1 week ago

Question

★★★★★
Beta Corp Account Name first yr(2016) ANALYZE CHANGE debit credit 2nd year(2017) 61,550 80,750 250,700 17,000 123,450 77,100 240,600 15,100 Cash AR Inventory Prepaid Expenses Investments Equipment...

Answered: 1 week ago

Question

★★★★★
=+The cash-dispensing function in a bank ATM.

Answered: 1 week ago

Question

★★★★★
Sulfur dioxide and butadienes (B3 and B2) are to be stripped with nitrogen from the liquid stream as shown in Figure so that butadiene sulfone (BS) product will contain less than 0.05 mol% SO2 and...

Answered: 1 week ago

Question

★★★★★
calculate the present value of $40000 receivable in six years' time , if the interest rate is 15% per annum.

Answered: 1 week ago

Question

★★★★★
Stone Sour Corp. issued 20-year bonds two years ago at a coupon rate of 7.1 percent. The bonds make semiannual payments. If these bonds currently sell for 105 percent of par value, what is the YTM?...

Answered: 1 week ago

Question

★★★★★
How to formulate a mathematical solution on , Workers cost,job duration and number of workers and job regulation

Answered: 1 week ago

Question

★★★★★
48. (4 points) Assume the following spot and forward rates for the euro ($/euro). Spot rate 30-day forward rate 90-day forward rate 120-day forward rate $1.6277 1.6330 1.6353 1.6387 A) What is the...

Answered: 1 week ago

Question

★★★★★
The initial investment in the project is estimated to be $80,000 in year 0, $13,500 in year 1, $16550 in year 2, $12250 in year 3 of the project. The Whalers rest Moton in requires a discount rate of...

Answered: 1 week ago

Question

★★★★★
The notion of visual management and visual control is utilised as part of the lean management system to handle work in a methodical fashion, including decreasing the tracking time for accessing email...

Answered: 1 week ago

Question

★★★★★
When a company evolves beyond its need for an international division, it may be considered a global enterprise. At this stage in its development, it may have any of several organizational structures....

Answered: 1 week ago

Question

★★★★★
9. Describe the characteristics of power.

Answered: 1 week ago

Question

★★★★★
3. Identify and describe nine cultural value orientations.

Answered: 1 week ago

Question

★★★★★
7. Explain how culture can function as resistance to dominant value systems.

Answered: 1 week ago

Previous Question Next Question