Suppose $4000 is invested for 4 years and 8 months at 3.83% compounded annually. What is the
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
PV 400000 I Y 383 C Y 1 i 383 ...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
Question Posted:
Students also viewed these Finance questions
-
The following questions are used in the Kaplan CPA Review Course to study the time value of money while preparing for the CPA examination. Determine the response that best completes the statements or...
-
What is the principal that will grow to $3000 in 8 years and 8 months at 9% com- pounded semi-annually?
-
The amount of $27 350 is invested at 6% compounded monthly for 6 years. After the initial 6-year period, the balance in the fund is converted into an annuity due paying $1600 every 6 months. If...
-
Daniel agreed to erect an apartment building for Steven for $12 million and that Daniel would suffer a deduction of $12,000 per day for every day of delay. Daniel was twenty days late in finishing...
-
What new stakeholder wants and needs can you observe in your personal environment? What do peoplein their different roles as employees, consumers, and community membersexpect from companies?
-
How is trading-area analysis different for a small store than a large store? Explain your answer. How should a food-delivery service such as Amazon Fresh define its trading area? Is it going to...
-
5-7. Cules son las dos formas principales de influencia personal ?
-
Keesha Co. borrows $200,000 cash on November 1, 2015, by signing a 90-day, 9% note with a face value of $200,000. 1. On what date does this note mature? (Assume that February of 2015 has 28 days.) 2....
-
2. The price of the Pytus bonds it they receeve a Mi cating wibes (Round to the nearest cect) b. The prece of the Phous bonds it they recevo an A rating wil be: (Poumd bs he nowest ceed)
-
Allie has bought a new apple orchard. The orchard has a single file of trees, numbered from 1 to N. Each tree has a certail number of ripe apples. Allie has a rule she wants to follow. She wants to...
-
A loan for $5000 with interest at 7.75% compounded semi-annually is repaid after 5 years, 10 months. What is the amount of interest paid?
-
A debt of $8000 is payable in 7 years and 5 months. Determine the accumulated value of the debt at 10.8% p.a. compounded annually.
-
What are the five ways that a company can blend its product and promotional strategies?
-
Claxton, Inc. paid a dividend of $ 0 . 9 5 per common share every December from 2 0 0 9 through 2 0 2 3 . The dividend is expected to continue at that level in 2 0 2 4 and 2 0 2 5 . In 2 0 2 6 and...
-
1. Who are two (2) specific examples of effective leaders (who you know personally) who have impacted your life? 2. What made them "effective" leaders? What many specific traits did these leaders...
-
pr Hwk12 Consider the differebtiable function F(x) whose instantaneous rates are given by the table of values below: I 3.00 3.50 4.00 4.50 5.00 5.50 6.00 6.50 7.00 F'(x) 21.00 27.50 35.00 43.50 53.00...
-
A stone was dropped off a cliff and hit the ground with a speed of 152 ft/s. What is the height of the cliff? (Use 32 ft/s for the acceleration due to gravity.) Step 1 We know that s(t) = 1 at + vot...
-
The 150 m long beam is submitted to a distributed load w(x) = (0.05 x 2) + 10 N/m. 50 50 w(x) 100 150 What is the moment about the point O in kN.m created by the distributed load? O-25.7 kN.m O-249...
-
How many times does this code print [2, 7, 8]? A. Zero. B. One. C. Two. D. Three. E. The code does not compile. F. The code compiles but throws an exception. 1: import java.util.*; 2: 3: 4: import...
-
A. Select a recent issue (paper or online) of Report on Business Magazine, Canadian Business Magazine (online only), Bloomberg Businessweek, Fast Company, The Economist, or another business magazine....
-
Steal the customers change left on the bar. (Some employees wet the bottom of their drink trays and set them down on top of the customers change. The cash sticks to the bottom of the tray.) True/False
-
To find the amount credited for a partial payment, we must find the complement of the discount rate and then divide the partial payment by this complement. Explain why we cannot multiply the payment...
-
If the single discount rate is 20%, the complement is 80%. What does the complement represent?
-
Describe a procedure for mentally finding a 1% discount on an invoice. Illustrate with an example.
-
Describe how the following affect the valuation of PPE. a) Cash Discounts b) Deferred Payment Contracts
-
Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell one of two new products for a five - year period. His annual pay raises are determined by his division s...
-
Consider a 5 year debt with a 15% coupon rate paid semi-annually, redeemable at Php1,000 par. The bond is selling at 90%. The flotation cost is Php50 per bind. The firm's tax bracket is 30%.
Study smarter with the SolutionInn App