Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 07, 2024

What is the future value of $11,500 nine (9) years from now if the annual interest rate is 3.75%? Round your answer to three (3)

What is the future value of $11,500 nine (9) years from now if the annual interest rate is 3.75%? Round your answer to three (3) 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

F For Quantitative Finance

Authors: Johan Astborg

1st Edition

1782164626, 978-1782164623

More Books

Students also viewed these Finance questions

Question

★★★★★

a. Let X denote the age of a randomly selected undergraduate student at UWEC. Obtain the probability distribution of the random variable X. Display the probabilities to six decimal places. b. Obtain...

Answered: 1 week ago

Question

★★★★★

Question 5 1 pts Which of the following is true when you select the New Window command on the View ribbon? Changes in all windows will be saved to the same file. A menu will display allowing you to...

Answered: 1 week ago

Question

★★★★★

=+3. What regulations should be imposed on a rancher who sells opportunities to trophy hunt? Relate these to the concepts in the chapter.

Answered: 1 week ago

Question

★★★★★

The records of Simon Company show the following for February: Standard labor-hours allowed per unit of output . . . . . . . . . . . . . 1.5 Standard variable overhead rate per standard direct...

Answered: 1 week ago

Question

★★★★★

What is the future value of $11,500 nine (9) years from now if the annual interest rate is 3.75%? Round your answer to three (3) decimal places

Answered: 1 week ago

Question

★★★★★

1. To understand structural unemployment in an economy, the __________ must also be considered in addition to the unemployment rate. a. Cyclical unemployment b. Labor participation rate c. Inflation...

Answered: 1 week ago

Question

★★★★★

Question 2 of 7 Nick's Tree Trimming Service was really taking off! He was thrilled that he needed to hire three more employees to keep up with all the work. He realized that his years-long...

Answered: 1 week ago

Question

★★★★★

Assume the following activity times for a process. Activity 1 - 8 minutes Activity 2 - 4 minutes Activity 3 - 1 2 minutes Activity 4 - 5 minutes How long would it take to service 6 5 customers...

Answered: 1 week ago

Question

★★★★★

1. Differentiate between "line management" and "staff management" when dealing with financial decisions. [10 marks] 2. Explain why the process of identifying "cost drivers" must be done carefully for...

Answered: 1 week ago

Question

★★★★★

Professor James has been doing an in-depth study on a new program developed by a local organization. This unique program had been specifically designed for the local community and cannot be...

Answered: 1 week ago

Question

★★★★★

(4) On 20 November 2021 goods were sold to a European customer for 45 million. The customer took control of the goods on that date. On 15 December the customer made a part payment of 10 million and...

Answered: 1 week ago

Previous Question Next Question