Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Feb 28, 2024

What is the present value of 15000 that will be received in 7 years in the future, assuming an annual interest rate of 7.5% and

What is the present value of 15000 that will be received in 7 years in the future, assuming an annual interest rate of 7.5% and compounded annually?

Step by Step Solution

★★★★★

3.45 Rating (158 Votes )

There are 3 Steps involved in it

Step: 1

The present value can be calculated using the formula PV ... blur-text-image

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

Fundamentals of Financial Management

Authors: Eugene F. Brigham, Joel F. Houston

12th edition

978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707

More Books

Students also viewed these Finance questions

Question

Use the following data points to form the density-based clusters where eps-10 and MinPts=3. Clearly mention your steps and tell the noise points as well. A1 (0,10), A2 (0,20), A3 (0,27), A4 (10, 15),...

Answered: 1 week ago

Question

What factors are impacting the hotel's performance compared to budget? Summaries Group Weekday Transient Weekday Total Hotel Weekday Rms ADR(G) Revenue(G) Rms ADR(G) Revenue(G) Rms ADR(G) Revenue(G)...

Answered: 1 week ago

Question

★★★★★

For each problem, show your work steps. A correct answer with no work shown gets half credit (which means you fail the assignment). An incorrect answer with no work receives 0 credit. With time value...

Answered: 1 week ago

Question

★★★★★

You have just completed your four-year degree at LLC University! Your student loans that you have accumulated while studying at LLC total $25,000. Since you have graduated, you must now begin...

Answered: 1 week ago

Question

★★★★★

Newton viewed the curving of the path of a planet as being caused by a force acting on the planet. How did Einstein view the curved path of a planet?

Answered: 1 week ago

Question

★★★★★

Why is ethical behaviour of employees important in TQM?

Answered: 1 week ago

Question

★★★★★

Where do your students find employment?

Answered: 1 week ago

Question

★★★★★

At December 31, 2012, Suffolk Corporation had an estimated warranty liability of $105,000 for accounting purposes and $0 for tax purposes. (The warranty costs are not deductible until paid.) The...

Answered: 1 week ago

Question

★★★★★

Wolfe Computer is a US company that manufactures portable personal computers. Many of the components for the computer are purchased abroad, and the finished product is sold in foreign countries as...

Answered: 1 week ago

Question

★★★★★

Contract for construction crew and equipment 8 Build parking lots Exterior lighting 11 7 20 12 Build foundation Start Interior Interior 12 9 electrical Final wiring finish Purchase 8 14 12 material...

Answered: 1 week ago

Question

★★★★★

Consider the following LP problem maximize profit = 5 x + 6 y Subject to 2x+y

Answered: 1 week ago

Question

★★★★★

If you borrow $15000 for 4 years at an interest rate of 7.44% per annum, with the interest compounding quarterly, how much will you have to pay at the end of the period? $_______________ (two decimal...

Answered: 1 week ago

Question

★★★★★

Onyemah Corporation uses the FIFO method in its process costing system. Operating data for the Brazing Department for the month of November appear below: Percent Complete with Respect to Units...

Answered: 1 week ago

Question

★★★★★

A 64-year male patient gets admitted to the ICU in the hospital with respi- ratory rate of 22, heart rate of 90, Glasgow Coma Scale score of 6 and blood pressure of 63, compute the mortality (i.e.,...

Answered: 1 week ago

Question

★★★★★

At steady state, a reversible heat pump cycle discharges energy at the rate to a hot reservoir at temperature TH, while receiving energy at the rate 2c from a cold reservoir at temperature Tc. (a) If...

Answered: 1 week ago

Question

★★★★★

Problem 8-24 (Algo) Cash Budget with Supporting Schedules (L08-2, LO8-4, LO8-8] Garden Sales, Incorporated, sells garden supplies. Management is planning its cash needs for the second quarter. The...

Answered: 1 week ago

Question

★★★★★

Required Information (The following information applies to the questions displayed below.) Delph Company uses a job order costing system and has two manufacturing departments-Molding and Fabrication....

Answered: 1 week ago

Question

★★★★★

(a) Given a mean free path = 0.4 nm and a mean speed vav = 1.17 105 m/s for the current flow in copper at a temperature of 300 K, calculate the classical value for the resistivity of copper. (b)...

Answered: 1 week ago

Question

★★★★★

In the summer of 2008, the Hadaway Company was planning to finance an expansion with a convertible security. They considered a convertible debenture but feared the burden of fixed interest charges if...

Answered: 1 week ago

Question

★★★★★

Zappe Airlines is considering two alternative planes. Plane A has an expected life of 5 years, will cost $100 million, and will produce after-tax cash flows of $30 million per year. Plane B has a...

Answered: 1 week ago

Question

★★★★★

Digital Inc. is considering production of a new cell phone. The project will require an investment of $20 million. If the phone is well-received, the project will produce cash flows of $10 million a...

Answered: 1 week ago

Question

★★★★★

A motor cycle manufacturer produces three model: A, B and C, This months master production schedule, divided by 22 work day, has resulted in daily production targets of 54 As, 42 Bs, and 30 Cs, The...

Answered: 1 week ago

Question

★★★★★

A manager wants to determine the number of kanbans to use in a new process for a part. The process will have a usage rate of 80 pieces of the part per hour. Because the process is new, the manage has...

Answered: 1 week ago

Question

★★★★★

A JIT/lean system uses kanban cards to authorize production and movement of materials. In one portion of the system, a work centre uses an average of 100 pieces of a part per hour. The manager has...

Answered: 1 week ago

Previous Question Next Question