If money is worth 8% compounded quarterly, how long (to the nearest day) before a scheduled payment
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
The number of calendar quarters over which 6000 must be discou...View the full answer
Answered By
Deepak Pal
Hi there! Are you looking for a committed, reliable, and enthusiastic tutor? Well, teaching and learning are more of a second nature to me, having been raised by parents who are both teachers. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students. Areas of interest: Business, accounting, Project management, sociology, technology, computers, English, linguistics, media, philosophy, political science, statistics, data science, Excel, psychology, art, history, health education, gender studies, cultural studies, ethics, religion. I am also decent with math(s) & Programming. If you have a project you think I can take on, please feel welcome to invite me, and I'm going to check it out!
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
What is the current economic value of an annuity due consisting of 22 quarterly payments of $700, if money is worth 6% compounded quarterly for the first three years, and 7% compounded quarterly...
-
To pay off $50,000,000 worth of new construction bonds when they come due in 20 years, a water municipality must deposit money into a sinking fund. Payments to the fund will be made quarterly,...
-
Compute the discounted value of $7000 due in three years, five months if money is worth 8% compounded quarterly.
-
Determine the length of the hydrogen bonds between: TYR41H and GLU37O ALA39H and MET35O GLU38H and ILE34O THR36H and ARG32O ARG32H and TYR28O by using PyMOL And identify the residues located at...
-
Pearson Company purchased a 100% interest in Sanders Company and a 90% interest in Taylor Company on January 2, 2011, for $800,000 and $1,300,000, respectively. The account balances and fair values...
-
Air enters an adiabatic nozzle steadily at 400kPa, 200oC and 35m/s and leaves at 150kPa and 180 m/s. The inlet area of the nozzle is 75cm2. Determine (a) The mass flow rate. (b) The exit temperature...
-
The L-shaped frame shown in Fig. 8.39 is fixed at the end \(A\) and free at end \(C\). The two segments of the frame, \(A B\) and \(B C\), are made of the same material with identical square cross...
-
The Converting Department of Homebrite Towel and Tissue Company had 840 units in work in process at the beginning of the period, which were 75% complete. During the period, 14,600 units were...
-
Suppose you use Winter's forecasting method on historical data from Q1 2010 to Q4 2018. You obtain the following data for time t = quarter 4 2018: L_t= 1065 T_t = 15 S_t = 0.95 S_{t-1} = 0.9 S_{t-2}...
-
How do you think Isabelles understanding of theory and method changed in adopting the approach she chose? Isabelle was very thoughtful. She had a puzzled look on her face. The dilemma she had was one...
-
Philippe contributed $4300 to an RRSP eight years and six months ago. The money was invested in a Canadian Equity mutual fund. The investment is now worth $10,440.32. Over the entire period, what...
-
Wilf paid $557.05 for a $1000 face value strip bond. At this price the investment will yield a return of 5.22% compounded semiannually. How long (to the nearest day) before its maturity date did Wilf...
-
Determine the convergence or divergence of the series. 18 1 n-1 n=2nn
-
What sources of factual information for informal reports can report writers consult?
-
Draw a graph to illustrate the U.S. wholesale market for roses. Show the equilibrium in that market with no international trade and the equilibrium with free trade. Mark the quantity of roses...
-
a. If the $5 price described in the news clip were adopted, would the market be efficient or inefficient? Explain. b. Is the $5 price described in the news clip a competitive market price? Explain....
-
Kansas Governor Sam Brownback proposes to raise tobacco taxes from 10 to 20 percent and liquor taxes from 8 to 16 percent. I hope it doesnt happen, said Patti Hoffman of Pattis Wine and Spirits. I...
-
After Hurricane Matthew, more than 2,000 Florida consumers complained of price gouging to the State Attorney General. Two examples: a hotel room normally $65 a night cost $150, and a $1 bottle of...
-
Determine whether the statement is true or false. If it is false, explain why or give an example that shows it is false. The curve given by x = h + a cos and y = k + b sin has two horizontal...
-
What is the difference between adsorption and absorption?
-
Your company is planning to borrow $1,000,000 on a 5-year, 15%, annual payment, fully amortized term loan. What fraction of the payment made at the end of the second year will represent repayment of...
-
a. It is now January 1. You plan to make 5 deposits of $100 each, one every 6 months, with the first payment being made today. If the bank pays a nominal interest rate of 12 percent but uses...
-
Anne Lockwood, manager of Oaks Mall Jewelry, wants to sell on credit, giving customers 3 months in which to pay. However, Anne will have to borrow from her bank to carry the accounts payable. The...
-
"Paula is a social worker in a fostercare agency. She has been working with 9-year-old Rita, her foster mother, Flo, and biological mother, Stella, for three years. Rita was removed from her mother's...
-
You are 22 years old and currently have $100,000 in savings for retirement. You will start making annual contributions to your savings at the beginning of each year in the amount of $2,500. If you...
-
You have an investment opportunity that pays $500 every three months for 7 years and an additional $14,000 at the end of the seventh year. How much is the investment worth today if you can invest in...
Study smarter with the SolutionInn App