Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 05, 2024

I need answer as soon as possible with no explanation What is the present value of $5000 to be received in 5 years, if the

I need answer as soon as possible with no explanation

What is the present value of $5000 to be received in 5 years, if the interest rate is 5% p.a., compounding fortnightly?

Select one:

a.$3794

b.$3750

c.$3918

d.$3895

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

Investments

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

10th edition

77861671, 978-0077861674

More Books

Students also viewed these Finance questions

Question

★★★★★

In some countries, companies can write off goodwill at the date of acquisition by directly reducing their shareholders equity; that is, the writeoff does not pass through net earnings. Suppose that a...

Answered: 1 week ago

Question

★★★★★

A tennis enthusiast wants to estimate the mean length of mens singles matches held during the Wimbledon tennis tournament. From the Wimbledon history archives, he randomly selects 40 matches played...

Answered: 1 week ago

Question

★★★★★

understand the diversity and complexity of ageing in the workplace;

Answered: 1 week ago

Question

★★★★★

Shelby Organics produces bottled orange juice. Orange juice concentrate is typically bought and sold by the pound, and Shelby uses 50,000 pounds of orange juice concentrate each month. On December 1,...

Answered: 1 week ago

Question

★★★★★

Name: Checking Account Reconciliation Practice \#1 Reconcile the following Bank Statement and Check Register. Check Register Bank Statement Wichita Bank 1243 Anyroad Anytown, MT 22323 Your Name Acc...

Answered: 1 week ago

Question

★★★★★

In order to produce accurate job costing, the accountant has to be systematic in his approach List the steps in computing costs for the jobs and projects.

Answered: 1 week ago

Question

★★★★★

Input values to the quiz 3.5 1.5 0.8 Solve the problem below and enter answers in first row above. Do NOT enter units or any other tex A simply supported beam carrying a triangular distributed load...

Answered: 1 week ago

Question

★★★★★

Consider a plate of 2.4 m x 3.0 m shown below. First, find the temperature distribution at the interior nodes using a square grid with a length of 0.1 m and a relative error of 1E-6 for the case in...

Answered: 1 week ago

Question

★★★★★

I. What is business analysis? and how it is helpful for organizations? II. What does enterprise content management involve? III. What is business process management? IV. Outline the key benefits of...

Answered: 1 week ago

Question

★★★★★

MRO and Logistics Management Describe an MRO's procurement application of logistics and supply chain management. Describe ways to reduce hidden costs in MRO's logistics. Explain the differences...

Answered: 1 week ago

Question

★★★★★

a) In each of the following plots, a training dataset of data points X in R^2 labeled either + or - is given, where the original features are the coordinates (x,y). You can assume that the data is...

Answered: 1 week ago

Question

★★★★★

You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis of the companys financial statements,...

Answered: 1 week ago

Question

★★★★★

Refer to the data in 4-22. Is Jurgens a manufacturing firm or a service firm? Explain.

Answered: 1 week ago

Question

★★★★★

Dr. Sherry Bird is employed by Dental Associates. Dental Associates recently installed a computerized job costing system to help monitor the cost of its services. Each patient is treated as a job and...

Answered: 1 week ago

Question

★★★★★

Palace Lighting Fixtures Inc. uses a predetermined overhead rate to apply overhead. Over head is applied on the basis of direct labor hours in Department 1 and on the basis of machine hours in...

Answered: 1 week ago

Previous Question Next Question