First substitute the given values into the formula obtained from the inside- back cover. Then manipulate the
Question:
Use formula (6-2) to calculate P if r = 0.004, S = $3626, and t = 9.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (13 reviews)
S P 1 rt 3626 ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Use the exergy balance equation to solve for the work in Problem 10.33. A piston/cylinder has forces on the piston so it keeps constant pressure. It contains 2 kg of ammonia at 1 MPa, 40C and is now...
-
Substitute the given values of x, y, and z into the matrix equation and use matrix multiplication to see whether the values are the solution of the equation. 1. 2. 3. 4. 1 4 2 %3D2, -1,2%3D2 3 -2...
-
First substitute the given values into the formula obtained from the inside- back cover. Then manipulate the resulting equation to solve for the unknown variable. Obtain dollar amounts accurate to...
-
Does the fact that the strategic petroleum reserve has never been used to offset shortfalls caused by an embargo mean that the money spent in creating the reserve has been wasted? Why or why not?
-
Repeat the previous problem but assume that comparable yields are 10 percent. Previous problem What should be the prices of the following preferred stocks if comparable securities yield 7 percent?...
-
When people are frustrated with a problem and are trying to discuss it via a lean medium such as online postings, emotions can sometimes boil over. You've been monitoring a conversation between a...
-
Why is knowledge management important in an organization?
-
Samuels Manufacturing is considering the purchase of a new machine to replace one it believes is obsolete. The firm has total current assets of $920,000 and total current liabilities of $640,000. As...
-
The 2006 fiscal year was off to a great start, but that was more than Peter Redmond could say for his efforts to develop a seafood business plan to support Walmart's new sustainability mission, which...
-
North Dakota Electric Company estimates its demand trend line ( in millions of kilowatt hours) to be: D 5 77 1 0.43Q where Q refers to the sequential quarter number and Q 5 1 for winter of Year 1. In...
-
Require you to manipulate a formula from the inside-back cover to isolate a different variable on the left-hand side. Rearrange the formula FV = PV (1 + i)n to isolate i on the left side.
-
First substitute the given values into the formula obtained from the inside- back cover. Then manipulate the resulting equation to solve for the unknown variable. Obtain dollar amounts accurate to...
-
Lakewood Inc. uses a standard cost system. Materials standards are 6 components per widget at $8 per component. During August, Lakewood Inc. purchased 65,100 components for $157,500, using the...
-
How do competing messages interfere with the process of communication and lead to misunderstanding?
-
Should managers try to shut down the informal communication network if they discover that employees are spreading negative gossip or false rumors? Why or why not?
-
Discuss the concept of growing responsible employees by helping them recognize choice. a. The importance of understanding that their viewpoint may be different from the facts b. Helping them see...
-
Each of the following sentences contains at least one error in spelling, grammar, capitalization, punctuation, abbreviation, number style, word division, or vocabulary. Rewrite each sentence,...
-
Why are communication skills important for your career in relation to the changing nature of employment?
-
Evaluate the following limits. In (3x + 5e*) In (7x + 3ex) lim x In
-
Heineken N.V., a global brewer based in the Netherlands, reports the following balance sheet accounts for the year ended December 31, 2016 (euros in millions). Prepare the balance sheet for this...
-
A mortgage broker offers to sell you a loan contract that would provide you with end-of-month payments of $900 for the next 21 years. In addition, at the end of the 4 year period, you will also...
-
A 20-year loan requires semiannual payments of $808.15 including interest at 3.8% com-pounded semiannually. a. What was the original amount of the loan? b. What is the loan's balance 81 years later...
-
Sebastian has made contributions of $2000 to his RRSP at the end of every six months for the past eight years. The plan has earned 5.5% compounded semiannually. He has just moved the funds to another...
-
Speculate sales : Speculate on the projected sales. Justify your product or service by the numbers; discuss your projected revenue gain. Note: it MUST have an ROI that justifies the project for...
-
8.6 In Figure P8.6 the experimental unit step response of a process system is shown. (a) What is the transfer function that can be used to best describe the system dynamics among the following. 1 (1)...
-
An 84 year old female arrives to the ER today with her son with a complaint of new onset of confusion. What are your differential diagnoses for a patient with new altered mental status? Go through...
Study smarter with the SolutionInn App