Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Feb 03, 2022

The present discounted value of $60,000 to be received at the end of three years when the interest rate is 10 percent is closest to

The present discounted value of $60,000 to be received at the end of three years when the interest rate is 10 percent is closest to ?

A. $60,000

B. $79,860

C. $45,079

D. $49,587

Step by Step Solution

★★★★★

3.41 Rating (160 Votes )

There are 3 Steps involved in it

Step: 1

The present discounted value of 6... 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

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

Macroeconomics

Authors: Charles I. Jones

3rd edition

978-0393123944, 393123944, 393923908, 978-0393923902

More Books

Students also viewed these Accounting questions

Question

★★★★★

To make the calculation of the present discounted value of a worker's human capital more realistic, suppose labor income starts at $50,000 initially, but then grows at a constant rate of 2% per year...

Answered: 1 week ago

Question

★★★★★

Assume that the one-year U.S. interest rate is 10 percent and the one-year Canadian interest rate is 13 percent. If a U.S. firm invests its funds in Canada, by what percentage will the Canadian...

Answered: 1 week ago

Question

★★★★★

Compute the present discounted value of the following income streams. Assume the interest rate is 3%. (a) $50,000, received 1 year from now. (b) $50,000, received 10 years from now. (c) $100 every...

Answered: 1 week ago

Question

★★★★★

Solve each equation in Exercises. Round decimal answers to four decimal places. log 3 (x 2 + 17) - log3 (x + 5) = 1

Answered: 1 week ago

Question

★★★★★

The article The Undrained Strength of Some Thawed Permafrost Soils (Canadian Geotechnical Journal [1979]: 420427) contained the accompanying data (see page 830) on y = shear strength of sandy soil...

Answered: 1 week ago

Question

★★★★★

New development tools to enable client/server Internet applications seem to be emerging almost every day (a slight exaggeration). Research one of these new development tools, and the core technology,...

Answered: 1 week ago

Question

★★★★★

Consider the events A1, A2,, An defined in a sample space . Show that the probability that none of them appear is equal to where S1, S2,, Sn are the sums defined earlier in Proposition 1.10, and S0 =...

Answered: 1 week ago

Question

★★★★★

Boulder, Inc., obtained 90 percent of Rock Corporation on January 1, 2016. Annual amortization of $22,000 is applicable on the allocations of Rock's acquisition-date business fair value. On January...

Answered: 1 week ago

Question

★★★★★

Once the VM is converted and restarted it receive a new IP address true or false

Answered: 1 week ago

Question

★★★★★

In this mini-case, you will complete the test of details on accounts receivable for the 2019 audit of EarthWear Clothiers, Inc. The principal test of detail involves sending "confirmations" or...

Answered: 1 week ago

Question

★★★★★

Problem Information Use the following tax rates, ceiling and maximum taxes: Employee and Employer OASDI: \ table [ [ 6 . 2 0 % , $ 1 4 7 , 0 0 0 , $ 9 , 1 1 4 . 0 0

Answered: 1 week ago

Question

★★★★★

Business Operations Management - Tutorial 1 When we define a 'system' (in this case the system represents our operation) we make judgements about where to draw boundaries. In this context the supply...

Answered: 1 week ago

Question

★★★★★

Promotions should satisfy several business rules. One such rule is to limit the frequency of promotions for a particular SKU. For example, a retailer may insist that a particular product is promoted...

Answered: 1 week ago

Question

★★★★★

A program in Python that outputs the common names of five of the world's smallest known bird species. Your output should include the common name and size of each species. You can find this...

Answered: 1 week ago

Question

★★★★★

Consider Peter Drucker's well-known statement that "Culture eats strategy for breakfast." Do you think that Drucker is right? If not, why not? Explain your reasoning. Please use references

Answered: 1 week ago

Question

★★★★★

1. A brief paragraph introducing Coca Cola company, its cyber environment and provide a high-level overview of Coca Cola's need for a cyber risk mitigation strategy. (Paragraph introducing Coca Cola...

Answered: 1 week ago

Question

★★★★★

A plan of reorganization formulated under Chapter 11 must be submitted to the creditors for acceptance and to the court for confirmation. Which of the following is true? Question 21 options: B) A...

Answered: 1 week ago

Question

★★★★★

In the circuit shown in Figure 4, a battery supplies a constant voltage of 40 V, the inductance is 2 H, the resistance is 10, and l(0) = 0. (a) Find l(t). (b) Find the current after 0.1s.

Answered: 1 week ago

Question

★★★★★

How does the arbitrage equation help pin down the price of housing in our simple theory? What role does leverage play?

Answered: 1 week ago

Question

★★★★★

Now suppose the parameters of the model take the following values: 0 = 100, = 0.06, = 1/3,000, and = 1,000. (a) What is the growth rate of output per person in this economy? (b) What is the...

Answered: 1 week ago

Question

★★★★★

Consider a onetime change in government policy that immediately and permanently increases the level of the labor force in an economy (such as a more generous immigration policy). In particular,...

Answered: 1 week ago

Question

★★★★★

1. What trade- offs are involved in each of these decisions? a. Deciding whether to use two- sigma or three- sigma control limits. b. Choosing between a large sample size and a smaller sample size....

Answered: 1 week ago

Question

★★★★★

Analysis of the output of a process has suggested that the variability is nonrandom on several occasions recently. However, each time an investigation has not revealed any assignable causes. What are...

Answered: 1 week ago

Question

★★★★★

Suppose you are going to have a prescription filled at a local pharmacy. Referring to the dimensions of service quality for each dimension, give an example of how you would judge the quality of the...

Answered: 1 week ago

Previous Question Next Question