Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 13, 2024

Present value What is the present value of a security that will pay $30,000 in 20 years if securities of equal risk pay 11% annually?

Present value

What is the present value of a security that will pay $30,000 in 20 years if securities of equal risk pay 11% annually? Round your answer to the nearest cent.

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

The Essential Credit Repair Handbook

Authors: Deborah McNaughton

1st Edition

160163160X, 978-1601631602

More Books

Students also viewed these Finance questions

Question

★★★★★

Consider the entrepreneur described in Section 14.1 (and referenced in Tables 14.114.3). Suppose she funds the project by borrowing $750 rather than $500. a. According to MM Proposition I, what is...

Answered: 1 week ago

Question

★★★★★

5. You can also assess the groups or teams ability to perform these competencies. The column marked Group Assessment can be used to record your overall impression of how effectively the group or team...

Answered: 1 week ago

Question

★★★★★

The Great Lakes Company, a grocery store chain, purchases apples from a produce distributor in Virginia. The grocery company has an agreement with the distributor that it desires shipments of 10,000...

Answered: 1 week ago

Question

★★★★★

Present value What is the present value of a security that will pay $30,000 in 20 years if securities of equal risk pay 11% annually? Round your answer to the nearest cent.

Answered: 1 week ago

Question

★★★★★

Youngston Company (a Massachusetts employer) wants to give a holiday bonus check of $750 to each employee. Since it wants the check amount to be $750, it will need to gross-up the amount of the...

Answered: 1 week ago

Question

★★★★★

Bintang has arranged to purchase a house costing (Indonesian rupiaya) IDR2 million on a Murabaha basis from Indonesia Islamic Bank. All other indirect costs of acquiring the property are IDR50,000....

Answered: 1 week ago

Question

★★★★★

One scientist is measuring a physical quantity on a strange unit. For example, the time taken by the light to travel from a star to the earth was measured in units "BRT". If this unit has to make...

Answered: 1 week ago

Question

★★★★★

What is the variance and standard deviation of of 46.38, 46.18, 46.57, 46.72, 46.86, 46.58, 46.61, 46.64, 46.03, 45.93, 45.51, 45.53

Answered: 1 week ago

Question

★★★★★

Money Inc., a USA-based business has an acid test ratio of 3 times, and the value of the current assets including closing inventories (comprising of trade receivables of $2,000,000 and cash of...

Answered: 1 week ago

Question

★★★★★

we look at how companies use CRM, SCM, and ERP to gain a competitive advantage and run more efficiently. Find an industry/business or company currently using one of those technologies (CRM, SCM,...

Answered: 1 week ago

Question

★★★★★

c. What were you expected to do when you grew up?

Answered: 1 week ago

Question

★★★★★

f. What was your neighborhood like? Discuss your answers with classmates. Analyze how your own cultural position is unique and how it is similar to that of others.

Answered: 1 week ago

Question

★★★★★

5. What are the advantages of a dialectical approach to intercultural communication?

Answered: 1 week ago

Previous Question Next Question