Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 21, 2024

What is the present value $8000of paid at the end of each of thenext 78 years if the interest rate 12% is per? year? 2

What is the present value $8000of paid at the end of each of thenext 78 years if the interest rate 12% is per? year? 2 answers

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

Business Math

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

10th edition

133011208, 978-0321924308, 321924304, 978-0133011203

More Books

Students also viewed these Finance questions

Question

★★★★★

What is meant by a throwaway prototype?

Answered: 1 week ago

Question

★★★★★

Compare and contrast the nervous and endocrine systems?

Answered: 1 week ago

Question

★★★★★

Do I have a large proportion of employees in the Maintenance career stage who are not supervising other people? (Supervisory responsibilities give employees in the Maintenance career stage the...

Answered: 1 week ago

Question

★★★★★

3. Tie the new material to previous lessonsshow an outline or map of how the new topic fits with previous and upcoming material.

Answered: 1 week ago

Question

★★★★★

Go to Extended Case 29.1, Citizens National Bank of Jessamine County v. Washington Mutual Bank, 309 S.W.3d 792 (2010), on pages 567568. Read the excerpt and answer the following questions. (a) Issue:...

Answered: 1 week ago

Question

★★★★★

Dave collins and Christie Collins have two children, Ben age 14, and Cody, age 20. The medical expenses and net income for each member of the family for 2022 is as follows: Medical expenses net...

Answered: 1 week ago

Question

★★★★★

An entity has the following balances: Bank (Cr): R3 000; Vehicles: R12 000; Trade receivables: R2 000; Drawings R400. The capital amount of the entity according to the basic accounting equation is...

Answered: 1 week ago

Question

★★★★★

A. Draw a graph to show equilibrium price. (3 points) Demand Supply Equilibrium price Quantity A Draw a graph to show equilibriurn price. (3 points)

Answered: 1 week ago

Question

★★★★★

Imagine a senior executive has asked you to conduct an organizational self-assessment based on the Four-Frame Model. Choose an organization that you either worked for, are familiar with, or have...

Answered: 1 week ago

Question

★★★★★

A pony, tied to the end of a lead, can walk in a full circle, a distance of 56.55 meters. About how long is its lead? A. 28.3 meters B. 18.0 meters C. 9.0 meters D. 7.5 meters

Answered: 1 week ago

Question

★★★★★

2. For an idealized slipper-pad bearing, the bottom wall moves at a constant velocity U and the upper block is fixed. Both the moving and fixed walls are non- permeable. If the velocity within the...

Answered: 1 week ago

Question

★★★★★

4. The monthly profits of Hi-Mark corporation were organized into a frequency distribution. The mean of monthly profits was computed to be $105 600, the median $104 700, and the mode $104 200. (a)...

Answered: 1 week ago

Question

★★★★★

a lottery offers a 1,000,000 prize to be paid in 20 equal installments of 50,000 at the end of each year. what is the future value of this annuity if the current annual rate is 5%.

Answered: 1 week ago

Question

★★★★★

On March 31, 2018, Gardner Corporation received authorization to issue $30,000 of 9 percent, 30-year bonds payable. The bonds pay interest on March 31 and September 30. The entire issue was dated...

Answered: 1 week ago

Question

★★★★★

The value of business personal property at Jennifer's business fluctuates periodically, which is due largely to fluctuations in the value of inventory on hand. Jen- nifer's property insurance policy...

Answered: 1 week ago

Question

★★★★★

Never-Die Battery manufactures batteries for indus- trial and consumer use. The company purchased a commercial package policy (CPP) to cover its prop- erty exposures. In addition to common policy...

Answered: 1 week ago

Question

★★★★★

Identify the major liability loss exposures of business firms.

Answered: 1 week ago

Previous Question Next Question