What is the present value of: a. $7,900 in 10 years at 11 percent? b. $16,600 in
Question:
a. $7,900 in 10 years at 11 percent?
b. $16,600 in 5 years at 9 percent?
c. $26,000 in 14 years at 6 percent?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
a b c a N IY PV PMT FV 10 11 CPT PV 278226 0 7900 278226 b ...View the full answer
Answered By
Fahmin Arakkal
Tutoring and Contributing expert question and answers to teachers and students.
Primarily oversees the Heat and Mass Transfer contents presented on websites and blogs.
Responsible for Creating, Editing, Updating all contents related Chemical Engineering in
latex language
4.40+
8+ Reviews
22+ Question Solved
Related Book For
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
Question Posted:
Students also viewed these Accounting questions
-
What is the present value of a security that will pay $5,000 in 20 years if securities of equal risk pay 7% annually?
-
What is the present value of a $900 annuity payment over five years if interest rates are 8 percent?
-
What is the present value of a $700 annuity payment over six years if interest rates are 10 percent?
-
Compare and contrast the progressive and positive discipline procedures.
-
a) Find an equation of the hyperplane through the points (1, 0, 0, 0), (2,1, 0, 0), (0,1,1, 0), and (0, 4, 0,1). b) Find an equation of the hyperplane that contains the lines (t) = (t, t, t, 1) and...
-
What are examples of Human Systems Environment threats and their sources?
-
Pilot Company had operating expense of \(\$ 40,000\). At the beginning of the year, Pilot owed \(\$ 8,000\) on accrued liabilities. At year-end, accrued liabilities were \(\$ 4,000\). How much cash...
-
Multiple Choice Questions 1. Which one of the following managerial accounting approaches attempts to allocate manufacturing overhead in a more meaningful fashion? a. Activity-based costing b....
-
On August 30, 2017, Toys for Toddlers borrowed money with a promise to pay $20,690.19 on December 28, 2017. This loan included interest at 6.2%. How much money did Toys for Toddlers borrow on August...
-
Refer to the annual report of Colgate in Appendix A at the back of this book. Required: a. Compute all of the expense categories as a percentage of sales for each of the three years shown. Analyze...
-
You invest $3,000 for three years at 12 percent. a. What is the value of your investment after one year? Multiply $3,000 1.12. b. What is the value of your investment after two years? Multiply your...
-
a. What is the present value of $140,000 to be received after 30 years with a 14 percent discount rate? b. Would the present value of the funds in part a be enough to buy a $2,900 concert ticket?
-
By U.S. law, your employer pays half of the payroll tax and you, the worker, pay the other half. We mentioned that according to the basics of supply and demand, the part of the tax paid by the...
-
What are the social and cultural implications of the digital divide, and how do they intersect with existing patterns of inequality based on factors such as race, class, and geography ?
-
The perimeter of a rectangular atrium is 300 yards. The length of the garden is ninety -six yards more than the width. Find the length and the width.
-
An object is fired from a cannon. Its height after t seconds is given by the function h(t)=-16t^(2)+128t+190 feet. How high was the object after 2 seconds? The object was feet high.
-
In 1985, there were 285 cell phone subscribers in the small town of Centerville. The number of subscribers increased by 75% per year after 1985 . In what year were there 6,209 cell phone subscribers?
-
Project managers often have the ability to negotiate with, empower, incentivize, and discipline team members. Find and cite a case study where some of these skills were used to manage a team. If you...
-
Find the equation of the parabola with the given properties. Vertex (0, 0), focus (0, 2)
-
From 1970 to 1990, Sri Lanka's population grew by approximately 2.2 million persons every five years. The population in 1970 was 12.2 million people.What is the best formula for P, Sri Lanka's...
-
Assuming a 1-year, money market account investment at 3.5 percent (APY), a 2.5 percent inflation rate, a 28 percent marginal tax bracket, and a constant $50,000 balance calculate the after-tax rate...
-
March Hair Ltd. just paid a dividend of $1.80, which it expects to be $2.90 next year and $4.00 the next year. After that time, the dividend will likely decline to 5 percent per year, forever. With...
-
Clarinet Inc. has an expected yield of 18 percent. It anticipates paying the same dividend of $1.10 for four more years, after which the dividend will grow at 7 percent a year indefinitely. Based on...
-
Sleepy Ltd. expects its present $1.25 dividend (just paid) to grow by 20 percent over the next three years, after which it will remain the same with no growth, forever. If an investor requires a...
-
A refiner has on hand 25,596 gallons of fuel oil. He must decide whether to sell it as fuel oil or crack it into gasoline and residual fuel. The following facts are available. Current Prices Fuel Oil...
-
Hrubec Products, Inc., operates a Pulp Division that manufactures wood pulp for use in the production of various paper goods. Revenue and costs associated with a ton of pulp follow: Selling price $23...
-
On the first day of the fiscal year, a company issues a $7,300,000, 11%, 8-year bond that pays semiannual interest of $401,500 ($7,300,000 x 11% x 2), receiving cash of $7,695,578. Journalize the...
Study smarter with the SolutionInn App