Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 12, 2024

What is the future value of $ 1 , 2 0 0 in 5 years from today if the interest rate is 7 . 5

What is the future value of $

1, 200

5

years from today if the interest rate is

7.5 % ?

Please show your work. You need to use the correct time value of money formula. Using the present value or future value factors will not be accepted.

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

Microfinance Handbook An Institutional And Financial Perspective

Authors: Joanna Ledgerwood

1st Edition

0821343068, 978-0821343067

More Books

Students also viewed these Finance questions

Question

★★★★★

Erie Company reported the following comparative balance sheets: Additional information: 1. Net income for 2011 was $20,500. 2. Cash dividends of $7,900 were declared and paid during 2011. 3....

Answered: 1 week ago

Question

★★★★★

Seacrest Productions makes all sales on credit.Cash receipts arrive by mail. Brian Padgitt, the mailroom clerk,opens the envelopes and seperates the checks from the accompanying remittance advices....

Answered: 1 week ago

Question

★★★★★

For this exercise, you will electronically exchange a document with one of your classmates. With the Track Changes feature turned on, you will review each others documents, make comments or ask...

Answered: 1 week ago

Question

★★★★★

Ann Weldon maintained an account at Trust Company Bank. James Weldon, her son and a garment broker, purchased textile goods from Sportswear Services for resale to another corporation known as Thicket...

Answered: 1 week ago

Question

★★★★★

What is the future value of $ 1 , 2 0 0 in 5 years from today if the interest rate is 7 . 5 % ? Please show your work. You need to use the correct time value of money formula. Using the present value...

Answered: 1 week ago

Question

★★★★★

Your firm recently paid a dividend of $4 to common stockholders. Dividends are expected to grow at 8% per year for the foreseeable future. The current stock price is $54. New shares could be sold for...

Answered: 1 week ago

Question

★★★★★

Sprint Manufacturing Company produces two products, X and Y. The following information is presented for both products: X Y Selling price per unit $30 $20 Variable cost per unit 20 5 Total fixed costs...

Answered: 1 week ago

Question

★★★★★

Eddie's Galleria sells billiard tables. The company has the following purchases and sales for 2024. Date January 1 March 8 August 22 October 29 January 1 to December 31 Transactions Beginning...

Answered: 1 week ago

Question

★★★★★

This data structure, working on a Hash Table that takes two keys rather than one. In terms of storage, this can be thought of as a hash table of hash tables, where a top-level key is used to...

Answered: 1 week ago

Question

★★★★★

Ramona and Hermione formed Wiley Corporation on January 2. Ramona contributed cash of $285,000 in return for 50 percent of the corporation's stock. Hermione contributed a building and land with the...

Answered: 1 week ago

Question

★★★★★

Was it ethical for Kaufmann to try to back out of the contract? Was it ethical for the buyer to sue for specific performance when the seller had "change of heart" and no longer wanted to sell?

Answered: 1 week ago

Question

★★★★★

4. Why is it important to think beyond ourselves as individuals in intercultural interaction?

Answered: 1 week ago

Question

★★★★★

2. Describe how technology can impact intercultural interaction.

Answered: 1 week ago

Question

★★★★★

7. Define cultural space.

Answered: 1 week ago

Previous Question Next Question