Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 01, 2024

You have a debt of $10,000 due in 2 years. If money is worth and 212 = 4%, , you will pay $4000 six months

You have a debt of $10,000 due in 2 years. If money is worth and 212 = 4%, , you will pay $4000 six months from today and $X in 18 months. what is X? (two decimal places)

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

Global Business Today

Authors: Charles Hill

7th Edition

0078137217, 9780078137211

More Books

Students also viewed these Finance questions

Question

★★★★★

Calculate the missing values for the promissory notes described Face value ($) Issue Interest date Date of sale Discount rate (%) Proceeds (S) 4015.25 rate (%) Term 8 75 days Jan 1 4000 Nov 30

Answered: 1 week ago

Question

★★★★★

Determine which court(s) would have jurisdiction over the following matters: a. The sale of securities without first registering them with the Securities and Exchange Commission, as required under 15...

Answered: 1 week ago

Question

★★★★★

Discuss the roles of metacognition in learning and remembering.

Answered: 1 week ago

Question

★★★★★

On January 1, 2018, Nguyen Electronics leased equipment from Nevels Leasing for a four-year period ending December 31, 2021, at which time possession of the leased asset will revert back to Nevels....

Answered: 1 week ago

Question

★★★★★

Which of the following is turr about numbering applied to tow different consercutive lists By default The first list in number amd he second list bulleted By default the numbering in thesecond list...

Answered: 1 week ago

Question

★★★★★

journal entries i just need the Journal entries Dave and Tink started a Company "Shade Store, Inc.". They sell Bedframes to the public and also teach courses related to the Bedding Industry. They...

Answered: 1 week ago

Question

★★★★★

Problem Set 2 Instructions Question 1 A has 1 and 2 Question 1 B has 1 and 2. Question 2 A has one question Question 2 B has 1, 2, 3 Question 1 Compound Interest and Savings Annuities Use the...

Answered: 1 week ago

Question

★★★★★

Design a study and collect data. Kanai and colleagues performed MRI scans on student volunteers at University College, London. The results from each brain area were quite similar. You will examine...

Answered: 1 week ago

Question

★★★★★

1. Cris Company manufactures electric motors to the exacting specifications of various customers. During February, Job #102 for the production of 110 motors is completed at the following cost per...

Answered: 1 week ago

Question

★★★★★

Sheridan Corporation acquires a coal mine at a cost of $432,280. Intangible development costs total $107,000. After extraction has occurred, Sheridan must restore the property (estimated fair value...

Answered: 1 week ago

Question

★★★★★

A demand loan for $8,000 with interest at 16% compounded quarterly was repaid after two years and eight months. What was the amount of interest paid?

Answered: 1 week ago

Question

★★★★★

13. In the statements below, put a cross for the statement you feel characterizes yourself best when you communicate with others. Its not necessarily the way you know you should communicate, but the...

Answered: 1 week ago

Question

★★★★★

8. What values do you want others to associate you with?

Answered: 1 week ago

Question

★★★★★

15. Now rank from 1 to 5 the areas that you think are most important to emphasize when communicating with others (1 is least important and 5 is most important to you). If you think it all depends on...

Answered: 1 week ago

Previous Question Next Question