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

Question

1 Approved Answer

Please help answer the question in the photo. Thank you! Determine the present value P that must be invested to have the future value A

Please help answer the question in the photo. Thank you! image text in transcribed
Determine the present value P that must be invested to have the future value A at simple interest rate r after time t. A = $4000.00, r = 11.0 % , t = 3 months $ 3892.95 (Do not round until the final answer. Then round up to the nearest cent as needed.) You answered: 5,320.00 Get answer feedback GITE h

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

The Economic Indicator Handbook How To Evaluate Economic Trends To Maximize Profits And Minimize Losses

The Economic Indicator Handbook How To Evaluate Economic Trends To Maximize Profits And Minimize Losses

Authors: Richard Yamarone

1st Edition

1118204662, 9781118204665

More Books

Students also viewed these Finance questions

Question

★★★★★
Petersen Pottery started out as a two-man operation for ceramic bathroom fixtures (sinks, toilets, and bathtubs). Eventually it grew to 20 master potters, and the fixtures had become known for their...

Answered: 1 week ago

Question

★★★★★
Calculate the transition dipole moment, whereμ z = er cosθ for a transition from the 1s level to the 2s level in H. Show that this transition is forbidden. The integration...

Answered: 1 week ago

Question

★★★★★
3. The most effective treatment for ASPD is to prevent cases in the first place by focusing on children and adolescents at risk for the disorder. What are the obstacles to doing this?

Answered: 1 week ago

Question

★★★★★
Central Airlines would like to set up a control chart to monitor its on-time arrival performance. Each day over a 10-day period, Central Airlines chose 30 flights at random and tracked the number of...

Answered: 1 week ago

Question

★★★★★
Presented below are the balances, listed in alphabetical order, of Samantha Company, at December 1, 2013: Accounts Payable 8,100 Accounts Receivable 4,000 Cash 7,300 Land 15,300 Long-term Debt...

Answered: 1 week ago

Question

★★★★★
Compute Annual Equivalent Rate if 100 are invested for two years with 5% as nominal rate and with opening commission 1% and if interest paid is compounded continuously

Answered: 1 week ago

Question

★★★★★
its in-coming taxi Sh. H. Mukherjee constructed a building on 30th June, 2011. It had two flats of equal dimensions. One flat was let out to a tenant for residential purpose on a monthly rent of Rs...

Answered: 1 week ago

Question

★★★★★
Which of the following constitute barriers to training evaluation? a. Too much trainer expertise and lack of stakeholder interest or accountability. b. Ability to access key stakeholders and...

Answered: 1 week ago

Question

★★★★★
Find and post an article, video, or interview on why Compliance is important in an organization. Explain why you selected the particular document or materials.

Answered: 1 week ago

Question

★★★★★
What was the positive value of Max Weber's model of "bureaucracy?"

Answered: 1 week ago

Question

★★★★★
NHIKNHAK Enterprises has determined the cost of manufacturing a unit of product as follows, based on normal production of 60,0000 units per year: Direct materials Direct labor Variable factory...

Answered: 1 week ago

Question

★★★★★
A Was Bradley wrong, or was he just doing what any aspiring journalist would do to free up his time? Do you have a greater understanding for his struggle in light of your own position?

Answered: 1 week ago

Question

★★★★★
B Is it OK to pawn your work off on unpaid college students, even if theyre willing to do it?

Answered: 1 week ago

Question

★★★★★
Did the event attract volunteers from outside the group? Fifteen nonmembers participated in the cleanup, among them several schoolchildren who attended with their parents.

Answered: 1 week ago

Previous Question Next Question