Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 06, 2024

The present value of a lump - sum of $ 6400 to be received in 8 years is closest to assume a discount tate of

The present value of a lump - sum of $ 6400 to be received in 8 years is closest to assume a discount tate of 4.0% cmpounded annually ( round your answer to the nearest

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

Use The News To Separate The Noise From The Investment Nuggets And Make Money In Any Economy

Authors: Maria Bartiromo

1st Edition

0061873489

More Books

Students also viewed these Finance questions

Question

★★★★★

Reba McEntire wishes to invest $19,000 on July 1, 2011, and have it accumulate to $49,000 by July 1, 2021. Use a financial calculator to determine at what exact annual rate of interest Reba must...

Answered: 1 week ago

Question

★★★★★

Sub Station and Planet Sub reported the following selected financial data. Sub Stations business strategy is to sell the best-tasting sandwich with the highest-quality ingredients. Planet Subs...

Answered: 1 week ago

Question

★★★★★

6 How do our customers benefit from our competencies and resources? What real benefits do they obtain? Are we known for our quality? Our technical performance against competition? Our good value for...

Answered: 1 week ago

Question

★★★★★

Clemson Company prepares its budgets on the basis of standard costs. A responsibility report is prepared monthly showing the differences between master budget and actual results. Variances are...

Answered: 1 week ago

Question

★★★★★

If there were bonds circulating in the city, and the government tried to regulate the economy, what would happen with the bond yields

Answered: 1 week ago

Question

★★★★★

The term __________ has traditionally been applied to the transferring of business functions or processes to other, often foreign, companies. Question 18Answer a. off-campus b. contracting c....

Answered: 1 week ago

Question

★★★★★

Problem 2. Suppose you have $10,000 in cash and an empty pickle jar. You decide to keep the cash in the above-mentioned jar for safety. If the annual inflation rate is 2.5%, what would be the...

Answered: 1 week ago

Question

★★★★★

In 2014, Zappos, the online retailer, launched a management model named"Holacracy." Employeesinvolvedin a project gather together to discuss what needs to beaccomplished anddecide who...

Answered: 1 week ago

Question

★★★★★

Homemakers Ltd uses two kinds of material to make the kitchen cupboards, hardwood and plywood. The standard information for one unit of the material is as follows: Hardwood 30 sq. ft at $4 per sq....

Answered: 1 week ago

Question

★★★★★

Scenario: Platinum Ear Technology Platinum Ear Technology is a stereo component manufacturer in Maryland that specializes in stereo speakers for audiophiles. Its product are sold through exclusive...

Answered: 1 week ago

Question

★★★★★

Describe the technology/tool Instagram. What are the positives and negatives of this technology/tool? What is the value of this technology/tool in a business environment? Why would it be recommended...

Answered: 1 week ago

Previous Question Next Question