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

Question

1 Approved Answer

If the current rate of interest is 8 % , then the future value ( FV ) of an investment that pays $ 1 ,

If the current rate of interest is 8%, then the future value (FV) of an investment that pays $1,400 per year and lasts 20 years is closest to
A. $64,067
B. $89,694
C. $76,880
D. $38,440
image text in transcribed

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

Renewable Energy Finance Theory And Practice

Renewable Energy Finance Theory And Practice

Authors: Santosh Raikar, Seabron Adamson

1st Edition

0128164417, 9780128164419

More Books

Students also viewed these Finance questions

Question

★★★★★
Explain the meaning of each of the undernoted terms, comment on their likely impact on cash budgeting and profit planning and suggest ways in which any adverse effects of each may be reduced. (a)...

Answered: 1 week ago

Question

★★★★★
=+ Annual Report of the Director General of Fair Trading (as a source of ideas)

Answered: 1 week ago

Question

★★★★★
12. Emotions and health affect learningpositive emotions can support learning and memory, whereas negative emotions can interfere. Emotions also are related to motivation, as you will see in Chapter...

Answered: 1 week ago

Question

★★★★★
Resolve Problem 4.19 with α = .1 and β = .8. Using MSE, determine which smoothing constants provide a better forecast. In Problem 4.19, Income at the law firm Smith and...

Answered: 1 week ago

Question

★★★★★
3. A chain of specialty shops plans sales of $1,500,000 and retail reductions of $260,000. It needs a gross margin of $805,000 (i.e., expenses $550,000, profit $255,000 ). What should be the initial...

Answered: 1 week ago

Question

★★★★★
If an incremental analysis is applied to evaluate two alternative and it is determined that incremental revenue equals increment costs, which of the following would be used to make the appropriate...

Answered: 1 week ago

Question

★★★★★
Review Chapter 15, Table 15.4, Prisoner Dilemma . Suppose the game starts with both Jesse and Frank planning to "Stay Mum" in the lower right cell. Discuss how each player would evaluate the...

Answered: 1 week ago

Question

★★★★★
Question 78 of 81. The total amount of capital gain or loss that Allison must claim on her tax return is: ($1,985) ($1,515) $1,515 O $1,985

Answered: 1 week ago

Question

★★★★★
Can someone please help me with this, the lab seems easy but I keep messing it up, if you could help I would appreciate it, please You can even make numbers as longa as it follows the lab, I just...

Answered: 1 week ago

Question

★★★★★
Hardy Life Insurance Company intends to launch Revolution, a new enterprise management system, in its offices nationwide. The software includes human resource management, finance, and planning...

Answered: 1 week ago

Question

★★★★★
At December 31, 2023, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows: Category Land Land improvements Buildings Equipment Automobiles and...

Answered: 1 week ago

Question

★★★★★
1. It has been said that authenticity is correlated with many aspects of psychological well-being such as improving self-esteem and coping skills. How does increased self-awareness help us grow in...

Answered: 1 week ago

Question

★★★★★
2. Lets assume your company has spent a large sum of money to bring in Lance Armstrong. He makes an enthusiastic presentation and receives a standing ovation. Define what steps your company would...

Answered: 1 week ago

Question

★★★★★
2. Your goals play a key role in bringing purpose and direction to your life. Identify the short-term goals that are currently influencing your behavior. What long-term goals do you hope to achieve...

Answered: 1 week ago

Previous Question Next Question