Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Feb 15, 2024

Find the principal value of $1600 due four and a half years from now if the money is worth 4.8% p.a compounded semi-annually. 0000

image text in transcribed

Find the principal value of $1600 due four and a half years from now if the money is worth 4.8% p.a compounded semi-annually. 0000 a b C d $1249.72 $1292.47 $2292.47 $1247.92

Step by Step Solution

There are 3 Steps involved in it

Step: 1

The present value of 1600 due four and a half years from now if the money ... 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

Contemporary Business Mathematics with Canadian Applications

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

10th edition

133052311, 978-0133052312

More Books

Students also viewed these Mechanical Engineering questions

Question

An 8.6g rock sample is added to a graduated cylinder filled with water, causing the level to increase from 12.1mL to 14.9mL. What is the density of the rock sample? Select the correct answer below:...

Answered: 1 week ago

Question

Now, imagine instead that a subsidy was only offered to the low wealth consumers. Every low wealth consumer gets a housing voucher of $ total for housing. It can only be spent on housing. Set up the...

Answered: 1 week ago

Question

★★★★★

Find the present value and the compound discount of $1600 due four-and-a-half years from now if money is worth 4% compounded semi-annually.

Answered: 1 week ago

Question

★★★★★

The built-up shaft is designed to rotate at 450 rpm. If the radius of the fillet weld connecting the shafts is r = 13.2 mm, and the allowable shear stress for the material is Ï allow = 150 MPa,...

Answered: 1 week ago

Question

★★★★★

Determine the place value of the digit 4 in each whole number. 1. 7640 2. 46,200,120 Briefly.

Answered: 1 week ago

Question

★★★★★

Wanda Roberts is president of Best Texts. She has no accounting background. Wanda cannot understand why fair value is not used as the basis for all accounting measurement and reporting. Discuss.

Answered: 1 week ago

Question

★★★★★

Suppose in Exercise 20 we want to find out the proportion of time there is a type 1 customer with server 2. In terms of the long-run probabilities given in Exercise 20, what is (a) the rate at which...

Answered: 1 week ago

Question

★★★★★

The plant engineer for the Bitco manufacturing plant is designing an overhead conveyor system that will connect the distribution/inventory center to all areas of the plant. The network of possible...

Answered: 1 week ago

Question

★★★★★

A local bank is running the following advertisement in the newspaper: "For just $2,000 we will pay you $100 forever!" The fine print in the ad says that for a $2,000 $100 every year in perpetuity,...

Answered: 1 week ago

Question

★★★★★

A company conducts a consumer survey with questions about home ownership (OwnHome: Yes/No), car ownership (OwnCar: Yes/No), annual household spending on food (Food), and annual household spending on...

Answered: 1 week ago

Question

★★★★★

Select the inequality that is equivalent to the given inequality. -7x14 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a X-2 b X 2 C X-2 d X 2

Answered: 1 week ago

Question

★★★★★

The average retirement age in America is 64 years old. Do small business owners retire at an older average age? The data below shows the results of a survey of small business owners who have recently...

Answered: 1 week ago

Question

★★★★★

The average accident on a certain road section is at 2.4 per day, what is the probability that there will be 12 accidents in a week? A bus company operates both a walk-in and online booking to...

Answered: 1 week ago

Question

★★★★★

Step 3: Analyze and document control plane logical configuration features. Analyze the configurations of the devices for control plane features such as routing protocols, First Hop Redundancy...

Answered: 1 week ago

Question

★★★★★

You have been given a program Lab01_P2.c that computes the prime factorization of a hardcoded integer value. This program does not work in its current state: it has 1 syntax error (this will cause...

Answered: 1 week ago

Question

★★★★★

One of the principal roles of the system architect is to Choose the best answer below: Provide objective evidence that specified requirements have been fulfilled by system elements and integrated...

Answered: 1 week ago

Question

★★★★★

Micro Products Inc. has developed a very powerful electronic calculator. Each calculator requires three small chips that cost $4 each and are purchased from an overseas supplier. Micro Products has...

Answered: 1 week ago

Question

★★★★★

Under what conditions is the following SQL statement valid?

Answered: 1 week ago

Question

★★★★★

A merchant bought some goods at a discount of 25% of the list price. She wants to mark them at a regular price so that she can give a discount of 20% of the marked price and still make a markup of...

Answered: 1 week ago

Question

★★★★★

Compute the amount of money that, deposited in an account on April 1, 2015, will grow to $657.58 by September 10, 2015, at 4.75% p.a.

Answered: 1 week ago

Question

★★★★★

An electronic game listed at $180 less 30%, 12.5%, and 5% is offered at a further reduced price of $99.50. What additional rate of discount was offered?

Answered: 1 week ago

Question

★★★★★

Manuel purchased a boat for $2000 down with the balance to be paid by 36 monthly payments of $224.58 including interest at 10% compounded monthly. a. What was the purchase price of the boat? b. What...

Answered: 1 week ago

Question

★★★★★

What is the present value of end-of-quarter payments of $2500 for seven years? Use a discount rate of 6% compounded quarterly.

Answered: 1 week ago

Question

★★★★★

If money can earn 6% compounded monthly, how much more money is required to fund an ordinary annuity paying $200 per month for 30 years than to fund the same monthly payment for 20 years?

Answered: 1 week ago

Previous Question Next Question