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

Question

1 Approved Answer

Question 6 (6.25 points) What is the present value of 7500 received in 25 years time? Assume a discount rate of 9%. Round your answer

image text in transcribed

Question 6 (6.25 points) What is the present value of 7500 received in 25 years time? Assume a discount rate of 9%. Round your answer to two decimal places. a) 892.95 ) b) 904.55 c) 869.76 d) None of the other answers is correct e) 881.36 Next Page Page 6 of 16

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

Personal Finance A Practical Approach

Personal Finance A Practical Approach

Authors: Jane King, Mary Carey

1st Edition

0199668833, 9780199668830

More Books

Students also viewed these Finance questions

Question

★★★★★
A 25.0-cm-long metal rod lies in the xy-plane and makes an angle of 36.90 with the positive x-axis and an angle of 53.10 with the positive y-axis. The rod is moving in the + x- direction with a speed...

Answered: 1 week ago

Question

★★★★★
Obtain (generate) a random sample of 180 numbers between 1 and 60. You may use a calculator, excel, or a table of random numbers to achieve this. Use your sample to answer the following questions: 1....

Answered: 1 week ago

Question

★★★★★
Suppose in Exercise 21 you arrive to find two others in the system, one being served by server 1 and one by server 2. What is the expected time you spend in the system? Recall that if server 1...

Answered: 1 week ago

Question

★★★★★
Beltran Corporation produces wooden and aluminum baseball bats. In preparing the current budget, Beltran's management estimated a total of $500,000 in manufacturing overhead costs and 10,000 machine...

Answered: 1 week ago

Question

★★★★★
Borodin Glassworks is considering adding a new product line of glass Christmas ornaments. In order to add the product line, the following investment would be required. S 300,000 Production equipment...

Answered: 1 week ago

Question

★★★★★
Boney Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in batches. A batch of sugar beets costs $56 to buy from farmers and $15 to crush in the company's...

Answered: 1 week ago

Question

★★★★★
Flip a coin 100 times and set X = # of heads. (a) How many sequences of 100 coin flips include exactly 50 heads? (b) What is the probability of a single sequence of 100 flips with exactly 50 heads?...

Answered: 1 week ago

Question

★★★★★
Under ERISA, which is the federal law that governs private pension plans, employees typcially must become \"vested\' in their benefits within how many years?

Answered: 1 week ago

Question

★★★★★
You've been hired as an organizational behavior consultant. An organization is grappling with an environment that has n ineffective culture. Growth is stagnant or declining. People are leaving their...

Answered: 1 week ago

Question

★★★★★
a. Government declares a compulsory festival bonus of 10000/- to all workers working in the country. Explain the likely impact on the demand for refrigerators in the country?

Answered: 1 week ago

Question

★★★★★
Imagining that you are a human resources manager, write a email to all those who report to you informing them that late arrivals, long lunches, and overly casual workplace clothes and behavior will...

Answered: 1 week ago

Question

★★★★★
Understand the role of human resources in maintaining and safeguarding personnel files

Answered: 1 week ago

Question

★★★★★
Appreciate the power of employee participation and involvement in avoiding potential problems

Answered: 1 week ago

Question

★★★★★
Know the parameters governing access to employee personnel records, including the special status of employee health records

Answered: 1 week ago

Previous Question Next Question