Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 07, 2024

What's the present value of $13,500 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually? Select the correct answer. a. $8,680.72

What's the present value of $13,500 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually?

Select the correct answer.

a. $8,680.72

b. $8,656.12

c. $8,693.02

d. $8,668.42

e. $8,705.32

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

Handbook Of Asset And Liability Management Volume 2

Authors: S. A. Zenios, W. T. Ziemba

1st Edition

0444528024, 978-0444528025

More Books

Students also viewed these Finance questions

Question

★★★★★

Explain how financial distress can lead to conflicts of interest between debt and equity investors. Then explain how these conflicts can lead to costs of financial distress.

Answered: 1 week ago

Question

★★★★★

Given a task that can be divided into m subtasks, each requiring one unit of time, how much time is needed for an m - stage pipeline to process n tasks?

Answered: 1 week ago

Question

★★★★★

=+. Why does collective bargaining have the same general effect on unemployment as

Answered: 1 week ago

Question

★★★★★

On January 1, 2015, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $600,000 of 8% bonds, due in 20 years, with interest payable semiannually on June 30 and...

Answered: 1 week ago

Question

★★★★★

What's the present value of $13,500 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually? Select the correct answer. a. $8,680.72 b. $8,656.12 c. $8,693.02 d....

Answered: 1 week ago

Question

★★★★★

Which of the following APRs compounded monthly is equivalent to an APR of 14.15% compounded quarterly using 360-day calendar years, 30-day months, and 3-month quarters? 12.960% 13.320% 13.680%...

Answered: 1 week ago

Question

★★★★★

Problem 3-11 (Algo) T-Account Analysis of Cost Flows [LO3-2, LO3-3, LO3-4] Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials Debit Credit Balance 1/1...

Answered: 1 week ago

Question

★★★★★

QUESTION 1 (55 marks) Bob Mahlangu (6102027863070), a resident of South Africa, died unexpectedly on 2 March 2024 at his residence, 24 Morrow Street, Sandton, Johannesburg. He is survived by his...

Answered: 1 week ago

Question

★★★★★

3. Choose two stocks each from a different industry. a. Create a data file for both stocks with price and return data collated with the risk factors from Kenneth French's database. b. Determine the...

Answered: 1 week ago

Question

★★★★★

Q1- Assume a constant dividend per share for a firm at $ 2.69; the weighted average cost of capital as 16.The expected growth rate for the firm is 9.48.Determine the market price for the firm. Q2-...

Answered: 1 week ago

Question

★★★★★

1.If there was no PSE instituted inthe country,where would large mega businesses find large capital from investors? 7 2.How can an investor influence the direction of the company? 3. about the...

Answered: 1 week ago

Previous Question Next Question