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

Question

...
1 Approved Answer

I need answer as soon as possible with no explanation What is the future value of $2000 invested for 4 years, if the interest rate

I need answer as soon as possible with no explanation

What is the future value of $2000 invested for 4 years, if the interest rate is 10% p.a., compounding semi-annually?

Select one:

a.$2800

b.$2928

c.$2955

d.$3036

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

CFIN

CFIN

Authors: Scott Besley, Eugene Brigham

5th edition

978-1305666870

Students also viewed these Finance questions

Question

★★★★★
Explain how the conceptual framework is useful in situations where there is no specific accounting standard for a particular transaction.

Answered: 1 week ago

Question

★★★★★
The one constraint for having a solution include code from more than one programming language is the requirement that: a. Each project must consist of code in one language only. b. Each project must...

Answered: 1 week ago

Question

★★★★★
Merrick grows and sells blueberries. Maine Wild Blueberry Co. agreed to buy all of Merricks crop under a contract that left the price unliquidated. Merrick delivered the berries, but a dispute arose...

Answered: 1 week ago

Question

★★★★★
Assume that the average firm in your company's industry is expected to grow at a constant rate of 6 percent, and its dividend yield is 7 percent. Your company is considered as risky as the average...

Answered: 1 week ago

Question

★★★★★
A ball is dropped 1.0 m to the floor. If the speed of the ball as it rebounds from the floor is 75% of the speed at which it struck the floor, how high will the ball rise? 0.56 m O 0.35 m O 0.84 m O...

Answered: 1 week ago

Question

★★★★★
You, CPA, work as an analyst for Glo Inc., a publicly traded and rapidly growing cosmetic company. Glo's products retail at a popular beauty store chain across Canada. Recently, Glo has been...

Answered: 1 week ago

Question

★★★★★
14. A dam wall is to be built across a valley that may be approximated as a semi-circle for initial estimates, as shown in the diagram below. Derive an equation to determine the total hydrostatic...

Answered: 1 week ago

Question

★★★★★
Calculate the average, moving range, MR-bar, LCL, UCL, and Standard Deviation using the data set below. Please show the excel formulas used for each calculation. CoursHeroTranscribedText Sample Data...

Answered: 1 week ago

Question

★★★★★
How likely are you to get a coverage probability less than the specified coverage probability of 0.9? 0 Count 25 50 75 0.80 0.85 0.90 0.95 Coverage probability

Answered: 1 week ago

Question

★★★★★
Digby is a Niche Cost Leader (Low Technology) Review the Inquirer to determine Digbys current strategy. How will they seek a competitive advantage? From the following list, select the top five...

Answered: 1 week ago

Question

★★★★★
please provide any three examples of threat model approchess and recommend the best model that is aligned with SDLC .

Answered: 1 week ago

Question

★★★★★
Managers often focus an inordinate amount of time on their customers and rivals, and many seldom keep abreast of international affairs. Even when they do, it is often a cursory appreciation of...

Answered: 1 week ago

Question

★★★★★
Perform an analysis of the profit potential on the following two industries: The Pharmaceutical Industry The pharmaceutical industry consists of firms that develop, patent, and sell drugs. Although...

Answered: 1 week ago

Question

★★★★★
Describe the resource-based view and how it differs from the S-C-P model.

Answered: 1 week ago

Previous Question Next Question