In the New Teswtament, Jesus commends a widow who contributed 2 mites to the temple treasury (Mark 12:42-44). A mite was work the roughly 1/8 of a cent. Suppose the temple had invested those 2 mites at 4% interest compounded quarterly. How much would the money be worth 2000 years later?
Answer to relevant QuestionsWhat is the future value of $1,200 a year for 40 years at 8 percent interest? Assume annual compounding.You have just won the lottery. You will receive $1,000,000 today, and then receive 40 payments of $500,000. These payments will start one year from now and will be paid every six months. A representative from Greenleaf ...An investment will pay $3,600 per year for 10 years, with the first payment occurring today. If the interest rate is 7%, what is the value of this investment today? What would the value of the investment be if the cash ...1. ABC has issued a $1000 par bond with 25 years to maturity, 7% coupon rate, and semi-annual payments. Calculate the present value if the bond if the YTM is 7%.2. How would the answer to #1 change if the YTM is 9%?3. How ...Medical Corporation of America (MCA) has a current stock price of $36, and its last dividend (D0) was $2.40. In view of MCA's strong financial position, its required rate of return is 12 percent. If MCA's dividends are ...
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