What single amount on October 1, 1997, is equal to a series of $1000 quarterly deposits made

Question:

What single amount on October 1, 1997, is equal to a series of $1000 quarterly deposits made into an account? The first deposit occurs on October 1, 1997 and the last deposit occurs on January 1, 2011. The account earns 13% compounded continuously.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Engineering Economics Analysis

ISBN: 9780195168075

9th Edition

Authors: Ted G. Feller

See More Books

Question Posted: Mar 01, 2010 04:46 AM

See More Questions

What effective interest rate per quarter is equal to a nominal 1.6% per month, compounded continuously?
The area of an ellipse is equal to A = ab (see figure). For the ellipse below, a + b = 20. (a) Show that A = a(20 a). (b) Complete the table. (c) Find two values of a such that A = 300. (d) Use a...
What single amount on April 1, 1998, is equivalent to a series of equal, semiannual cash flows of $1000 that starts with a cash flow on January 1, 1996, and ends with a cash flow on January 1, 2005?...
A. What is the expected dividend in two years? Suppose NI = $85,000 B. What is Samsung's WACC? Samsung's capital structure is 65% ordinary equity and 35% debt. He has operating assets equal to...
1. Assume you were the CEO of Wilmington Blood Center, what process would you use to replace the current system? Who would be involved? Who do you think should lead the effort? Include your...
A pump is rated to deliver 50.0 gal/min. Find the velocity of water in (a) A 6.00-in.- diameter pipe (b) A 3.00-in.-diameter pipe.
Appreciate the emerging role of the fashion curator and curation as a new discipline in the communication of fashion products to an audience. LO.1
On November I, 2013, Campbell Corporation management decided to discontinue operation of its Rocketeer Division and approved a formal plan to dispose of the division. Campbell is a successful...
Sheridan Equipment sells equipment to sports enthusiasts. Doug Sheridan, the company's president, just received the following income statement reporting the results of the past year. Baseball Soccer...
Kathy Hutton, chief executive officer of Summit Distributors, was concerned with the poor economic outlook for the coming year. Continued deterioration of the economy could place the future viability...
Select the best alternative among the following five alternatives. Assume the investment is for a period of 4 years and P = $10,000. (a) 11.98% interest rate compounded continuously (b) 12.00%...
You are taking a $2000 loan. You will pay it back in four equal amounts, paid every 6 months starting 3 years from now. The interest rate is 6% compounded semiannually. Calculate: (a) The effective...
The Habbertone Company is considering investing in a wind turbine to generate its own power. Any unused power will be sold back to the local utility company. Between cost savings and new revenues,...
The following accounts appear in the ledger of Sheridan Ltd. after the books are closed at December 31 ( in thousands). Share Capital-Ordinary, no par, 1 stated value, 400,000 shares authorized;...
1. Let f(x) 223-9x2. (a) Find all critical points for f(x).
Sadie's ski shop sells ski and boots. Skis are sold for $300 per pair and have associated Variable Costs of $150 per pair. Boots are sold for $200 per pair with an associated Variable Expense of $65...
How do you apply what is learned in the Science of Branding 1 5 - 1 , Key Insights Regarding Global Brand Strategies Based on Research Findings to improve on the brand?
CASH MANAGEMENT Dr. Umburgh noticed that the $100.00 check made to Trenton Medical Supplies has not cleared for four months. What type of check is the outstanding check referred to as? a. Stale-dated...
Public-opinion polls are conducted regularly to estimate the fraction of U.S. citizens who trust the president. Suppose 1,000 people are randomly chosen and 637 answer that they trust the president....
If the amplifier indicated by the box input impedance of oo, which of the following statements are true ? has an open loop gain as well as Feedback factor (\beta = 1/ R_1\) The feedback is voltage...
What are the benefits of reinsurance? Why is it popular in offshore locations such as Bermuda and the Cayman Islands?
(a) Determine which of the following independent projects should be selected for investment if $315,000 is available and the MARR is 10% per year. Use the PW method to evaluate mutually exclusive...
Use the following analysis of five independent projects to select the best, if the capital limitation is (a) $30,000 (b) $52,000 (c)Unlimited. Initial PW at 12% per Year, S 8,540 12,325 3,000 Project...
The independent project estimates below have been developed by the engineering and finance managers. The corporate MARR is 8% per year, and the capital investment limit is $4 million. Select the...
How do warehouses and distribution centers differ? What is cross-docking and why might a company choose to cross-dock a product? What kinds of products can be delivered electronically? What kinds...
Strawberry Inc. has historically been an all-equity firm. The analyst expects EBIT to be $1.5B in perpetuity starting one year from now. The cost of equity for the company is 11.5% and the tax rate...
Guzman company received a 60- day, 5 % note for 54,000 dated July 12 from a customer on account. Determine the due date on note. Determine the maturity value of the note and journalize the entry of...

What single amount on October 1, 1997, is equal to a series of $1000 quarterly deposits made

Question:

Step by Step Answer:

Continuous compounding Effective interest rate quarter year e 0134 1 003303 3...View the full answer

Engineering Economics Analysis

Students also viewed these Economics questions