A sum of money Q will be received 6 years from now. At 5% annual interest the
Question:
A sum of money Q will be received 6 years from now. At 5% annual interest the present worth now of Q is $60. At the same interest rate, what would be the value of Q in 10 years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
Either Q 10 Q 6 FP 5 4 1 Q 10 P FP ...View the full answer
Answered By
Mercy Kangai
I provide creative and detailed administrative, web search, academic writing, data entry, Personal assistant, Content writing, Translation, Academic writing, editing and proofreading services. I excel at working under tight deadlines with strict expectations. I possess the self-discipline and time management skills necessary to have served as an academic writer for the past seven years. I can bring value to your business and help solve your administrative assistant issues. I have extensive experience in marketing and small business management.
4.80+
27+ Reviews
86+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
A sum of money Q will be received 6 years from now. At 5% annual interest. The present worth now of Q is $60. At the same interest rate, what would be the value of Q in 10 years?
-
The present worth of alternative B is nearest: (a) $85,000 (b) $750,000 (c) $850,000 (d) $950,000 Problem is based on the following cash flows for alternatives A and B at an interest rate of 10% per...
-
What would be the value of F_ in Example 10. 19 If were used? Why is it less than 1? ST
-
1. Conduct a SWOT analysis for HHI's proposed electronic commerce Web site. You can use the information in the case narrative, your personal knowledge of the retail hardware industry, and information...
-
Write the quadratic function in standard form and sketch its graph. Identify the vertex, axis of symmetry, and x-intercept(s). 1. g (x) = x2 2x 2. f (x) = 6x x2
-
At December 31, 2008, Sycamore International Foods reported the following information on its balance sheet: Accounts receivable ..................$1,020,000 Less: Allowance for doubtful accounts...
-
Outline the difference between a high- and a low-context culture and give an example of each.
-
On January 1, 2015, Paro Company purchases 80% of the common stock of Solar Company for $320,000. Solar has common stock, other paid-in capital in excess of par, and retained earnings of $50,000,...
-
The unadjusted trial balance for Bridgeport Corp. is shown below. Assets Liabilities Accts Rec. Cash Bal 16,000 Prepd Insur 720 + Supplies + 2.720 Acc Depr: Equip 0 + Equip 5,470 + Notes Pay 5.470...
-
Assume the same information for Spruce Bank as in Problem 11-39. David believes that within the pool of borrowers he invests in, the timing of when borrowers ultimately default could be different...
-
One thousand dollars is borrowed for one year at an interest rate of 1%per month. If the same sum of money could be borrowed for the same period at an interest rate of 12% per year, how much could be...
-
In 1995 an anonymous private collector purchased a painting by Picasso entitled Angel Fernandez De Soto for $29,152,000. The picture depicts Picasso's friend Desoto seated in a Barcelona cafe...
-
Solve the linear programming problems in Problems 1328 using the simplex method. Maximize subject to P=20x+30x 0.6x + 1.2x 960 0.03x +0.04x2 = 36 0.3x + 0.2x2 270 = 0 X1, X2
-
Use as many directional terms as possible to describe therelationshipbetween: a. the antecubital region and the poplitealregion b. the acromial region and the mentalregion c. the gluteal region and...
-
Average rate of return-cost savings Maui Fabricators Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $114,000 with a $10,000 residual value...
-
Alan was rated as excellent on his individual work performance evaluation, earning him $2,000, provided as a merit pay increase. His annual salary this year is $48,000. He works in a team of 3...
-
Josie spends $60 at the end of each month on cigarettes. If shestops smoking and invests the same amount in an investment planpaying 6% compounded monthly, how much will she have after fiveyears? 2...
-
Say we have a Boeing 747 whose longitudinal flight dynamics for a given flight condition may be approximated using the following state equation (uncontrolled motion; thus no need to consider the...
-
Pass Journal entries for the following adjustments on 31.3.2007: (i) Managers salary is outstanding for the month of March Rs. 3,000; (ii) Rent is prepaid to the extent of Rs. 6,000; (iii) Rs. 2,500...
-
Use integration by parts to evaluate the following. Check your answer by taking the derivative. x2e-xdx
-
What two characteristics make bonds a more popular long-term alternative to investing in stocks?
-
Consider the accompanying cash flow diagram. Compute the equivalent annual worth at i' = 10%. $2,000 $2.000 $1.500 $1,000 S1 500 $2.000 Years $5.000
-
Consider the sets of investment projects from Table P6.7. Compute the equivalent annual worth of each project at i' = 10% and determine the acceptability of each project. Projects Cash Flow 0 S1,500...
-
The Solar Energy Company is producing electricity directly from a solar source by using a large array of solar cells and selling the power to the local utility company. Because these cells degrade...
-
Logistics Solutions provides order fulfillment services for dot.com merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client receives an order from a...
-
Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets...
-
Entries for Sale of Fixed Asset Equipment acquired on January 5 at a cost of $134,640, has an estimated useful life of 17 years, has an estimated residual value of $9,350, and is depreciated by the...
Study smarter with the SolutionInn App