Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Dec 19, 2020

Find the present value of $2000 due in three years and 8 months if money is worth 8% p.a. compounded quarterly.

Step by Step Solution

★★★★★

3.43 Rating (162 Votes )

There are 3 Steps involved in it

Step: 1

Period 3 years and 8 months Period 34 ... 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

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

Microeconomics and Behavior

Authors: Robert Frank

9th edition

9780077723750, 78021693, 77723759, 978-0078021695

More Books

Students also viewed these Finance questions

Question

★★★★★

Find the present value of each future amount: $15,402 for 120 days; money earns 6.3%

Answered: 1 week ago

Question

★★★★★

Find the present value of an ordinary annuity with annual payments of $680 at 9% annual interest for 25 years?

Answered: 1 week ago

Question

★★★★★

Find the present value of $50,000 to be received after 1 year if the annual rate of interest is a. 8 percent b. 10 percent c. 12 percent

Answered: 1 week ago

Question

★★★★★

Sentry Transport, Inc., of Atlanta provides in-town parcel delivery services in addition to a full range of passenger services. Sentry engaged in the following activities during the current year: a....

Answered: 1 week ago

Question

★★★★★

An experiment has a single factor with five groups and seven values in each group. a. How many degrees of freedom are there in determining the among-group variation? b. How many degrees of freedom...

Answered: 1 week ago

Question

★★★★★

Define carefully what is meant by equilibrium in the multiplier model. For each of the following, state why the situation is not an equilibrium. Also describe how the economy would react to each of...

Answered: 1 week ago

Question

★★★★★

Develop a management plan for conducting a research study as a tool to be included in the research proposal.

Answered: 1 week ago

Question

★★★★★

Roxi, Inc., is using a costs-of-quality approach to evaluate design engineering efforts for a new skateboard. Roxi's senior managers expect the engineering work to reduce appraisal, internal failure,...

Answered: 1 week ago

Question

★★★★★

Can someone help me crate a GUI for my Java code? package expertsystem; import java.io.BufferedReader; import java.io.BufferedWriter; import java.io.File; import java.io.FileReader; import...

Answered: 1 week ago

Question

★★★★★

Cardinal Company is considering a five-year project that would require a $2,975,000 investment in equipment with a useful life of five years and no salvage value . The company's discount rate is 14%....

Answered: 1 week ago

Question

★★★★★

2. Let X be a random variable with distribution function Fx given by 0, x

Answered: 1 week ago

Question

★★★★★

Exercise 1 Jam llc unexpectedly executed a share buy-back. Before the buy-back the number of outstanding shares was 11,123,000, the market price of one share was $2.04 and the return on levered...

Answered: 1 week ago

Question

★★★★★

1. Suppose the random variable X represents the failure or not of Edward's speaker woofer while listening to reggae on Friday. Assume there is probability 0.8 that Edward blows up his woofer (woofer...

Answered: 1 week ago

Question

★★★★★

Please use the following topology to complete the following tasks. INTERFACE IP ADDRESS SO/0 7172.16.1.2/26 Loopback 10 10.10.10.3/25 R1 S0/0 (DCE). 172.16.1.1/26 R3 Loopback20 10.20.20.3/28...

Answered: 1 week ago

Question

★★★★★

The critical path assumes four facts. What are they? What is a useful scheduling tool to keep track of the critical path and increase the probability of on time completion?

Answered: 1 week ago

Question

★★★★★

Turner Products develops its manufacturing overhead rate from the current annual budget. The manufacturing overhead budget for 2017 is based on budgeted output of 660,000 ?units, requiring 3,300,000...

Answered: 1 week ago

Question

★★★★★

If merchandise costing $1108, terms 2/10n/30, is paid within 10 days, the amount of the purchase discount is

Answered: 1 week ago

Question

★★★★★

Refer to the information from Exercise 22-19. Use the information to determine the (1) Weighted average contribution margin , (2) Break-even point in units, and (3) Number of units of each product...

Answered: 1 week ago

Question

★★★★★

Give three examples of activities accompanied by external costs or benefits.

Answered: 1 week ago

Question

★★★★★

The Ajax Coal Company is the only employer in its area. Its only variable input is labor, which has a constant marginal product equal to 5. Because it is the only employer in the area, the firm faces...

Answered: 1 week ago

Question

★★★★★

Draw the Engel curves for the following goods: food, Hawaiian vacations, cashews, and Kmart brand sneakers ($4.99/pr).

Answered: 1 week ago

Question

★★★★★

Compare and contrast the method of allocating income or loss to owners for partnerships and for S corporations.

Answered: 1 week ago

Question

★★★★★

When a corporation's S election is terminated mid-year, what options does the corporation have for allocating the annual income between the S corporation short year and the C corporation short year?

Answered: 1 week ago

Question

★★★★★

Describe the circumstances in which an S election may be involuntarily terminated.

Answered: 1 week ago

Previous Question Next Question