Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 30, 2024

What is the present value of $ 3 , 0 0 0 paid at the end of each of the next 9 9 years if

What is the present value of $

3, 000

paid at the end of each of the next

99

years if the interest rate is

11 %

per

year?

The present value is

____(

Round to the nearest cent

)

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

Foundations Of Personal Finance

Authors: Sally R. Campbell, Robert L. Dansby

9th Edition

1619603578, 9781619603578

More Books

Students also viewed these Finance questions

Question

★★★★★

a. Explain the difference between the discovery form and the loss-sustained form. b. What is the purpose of the retroactive date endorsement that may be attached to a policy written on a discovery...

Answered: 1 week ago

Question

★★★★★

Maylin has a negative attitude and is disrespectful to her peers. She is unhappy at work and has not been performing at her job as well as in the past. Unfortunately, Maylin blames her co-workers for...

Answered: 1 week ago

Question

★★★★★

preparing for and completing job interviews and considering offers.

Answered: 1 week ago

Question

★★★★★

Multiple regression results from the data of Adriana Corporation (Exercise 5-26) are as follows: Equation: Overhead = $124,570 + ($31.93 Labor-hours) + ($41.10 Machine-hours) Statistical data...

Answered: 1 week ago

Question

★★★★★

Question 3 - Briefly discuss one of the statutory lifting of the corporate veil and state the case

Answered: 1 week ago

Question

★★★★★

Use the Taylor rule and Okun's law to explain how a central bank should change the policy rate [i.e., the overnight interest rate) if the unemployment gap becomes more positive while the ination gap...

Answered: 1 week ago

Question

★★★★★

You have a fashion company located in US which mainly focus on online sales and also open pop-up stores. 1.Discuss the kinds of communication problems your managers might face in the host-country...

Answered: 1 week ago

Question

★★★★★

You are a buyer for a widget: Annual Demand = 1200 (assume continuous constant rate) Price = $40 Order Cost = $2000 Inventory Holding Cost = 20% Lead Time = 14-Days Annual Work Days = 250 At what...

Answered: 1 week ago

Question

★★★★★

If you spent most of your childhood and teen years in another country, what would be the comparison of where you are now?

Answered: 1 week ago

Question

★★★★★

Individual airport facilities of varying sizes, serving various purposes comprise a complex system we call civil airports. Explain the range of rules, regulations, and policies administered on civil...

Answered: 1 week ago

Question

★★★★★

reflect on the "Leadership Attributes"and "Leadership Behaviours" chapters: try and summarize the perfect set of skills, attributes and behaviours (in your opinion) that make someone a great leader....

Answered: 1 week ago

Question

★★★★★

=+Should the medias powers be restricted during wartime? Have embedded journalists helped the reporting of war or just upped the entertainment level closer to Hollywood special-effects levels?

Answered: 1 week ago

Question

★★★★★

=+what you know of CNBC, did they perform well or badly in terms of reporting before, during, and after the 20072009 financial crisis?

Answered: 1 week ago

Question

★★★★★

=+3. What do you imagine the day-to-day work of an ECO entails? Do you think it is viewed as a position of importance within companies today? Why, or why not?

Answered: 1 week ago

Previous Question Next Question