Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 29, 2024

What is the present value of an ordinary annuity of $6000 each year for eight years, assuming an opportunity cost of 0.13? a. 20,000 b.

What is the present value of an ordinary annuity of $6000 each year for eight years, assuming an opportunity cost of 0.13?

20,000

45,450

28,792.62

82,792.62

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

Financial Management In The Public Sector Tools Applications And Cases

Authors: Xiaohu Wang

3rd Edition

0765636891, 9780765636898

Students also viewed these Finance questions

Question

★★★★★

A plane truss is subjected to loads 2P and P at joints B and C, respectively, as shown in the figure part (a). The truss bars are made of two L102 Ã 76 Ã 6.4 steel angles [see Table...

Answered: 1 week ago

Question

★★★★★

Consider various pricing objectives and strategies to use when your product(s) first goes to market. Which pricing objective(s) seems most appropriate for your entry into the market(s)? Identify the...

Answered: 1 week ago

Question

★★★★★

The production time, in minutes, of a manufacturing item is a continuous random variable X with density function for some suitable constants b and c. (i) If it is known that E(X) = 139, what are the...

Answered: 1 week ago

Question

★★★★★

After closing revenues and expense, Alomar Company shows the following account balances. Dividends ...... $22,000 Retained Earnings .. 70,000 Income Summary ... 36,000 (credit balance) Prepare the...

Answered: 1 week ago

Question

★★★★★

please dont use chat gpt or other AI 7 1 5 .

Answered: 1 week ago

Question

★★★★★

Linear commercial strips are: Group of answer choices usually weakest at major crossroads and strongest midblock favored by city planners usually dominated by national or regional chain tenants often...

Answered: 1 week ago

Question

★★★★★

Need full calculation with diagrams solution full accurate clean handwriting. GENERAL DIRECTIONS: Solve the given problems below. Writeyour answer on the space provided and box your final answer. Use...

Answered: 1 week ago

Question

★★★★★

2. An acclaimed restaurant, Fleur De Lys is interested in knowing if their diners spend more on weekends than weekdays. To determine this, random samples of 36 weekend diners and 36 weekday diners...

Answered: 1 week ago

Question

★★★★★

Imagine a company that is trying to fill a manager position based on the behavioral approach of leadership. Would they focus more on selection or development?

Answered: 1 week ago

Question

★★★★★

R is required for this question. Can someone walk me through the steps? Open the prostate data from the faraway package. Model lpsa as the response and all other variables as predictors. Implement...

Answered: 1 week ago

Question

★★★★★

In the "Implications for public health" the researchers suggest various steps that could be taken to prevent bystanders from drowning when attempting a rescue. (They use the term bystander even when...

Answered: 1 week ago

Question

★★★★★

3. Most employees do not disclose the fraud and corruption they observe in the workplace, and, therefore, criminal and immoral behaviors continue to flourish. Who or what can intercept this lack of...

Answered: 1 week ago

Question

★★★★★

1. The first Stew Leonards retail grocery was established in 1969. Do you think the culture established and nurtured at this successful firm could be adopted by other retail grocery stores? Explain...

Answered: 1 week ago

Question

★★★★★

You are offered a great job, but you have to relocate to a distant city. Your family agrees that the decision is yours to make, but you know they do not want to move. What do you do?

Answered: 1 week ago

Previous Question Next Question