Find the present value that will grow to $25,000 if interest is 3.2% compounded quarterly for 11
Question:
Find the present value that will grow to $25,000 if interest is 3.2% compounded quarterly for 11 quarters.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
Use the compound interest formula ...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
College Algebra
ISBN: 978-0134697024
12th edition
Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels
Question Posted:
Students also viewed these Mathematics questions
-
Find the present value that will grow to $45,000 if interest is 3.6% compounded monthly for 1 yr.
-
Solve the problem. Find the present value that will grow to $5000 if interest is 3.5% compounded quarterly for 10 yr.
-
Find the present value of an annuity due that pays $25,000 every 6 months for the next 212 years if money is worth 6.2%, compounded semiannually?
-
Write a method \(\max ()\) that takes the first Node in a linked list as its argument and returns the value of the maximum item in the list. Assume that all items are positive integers, and return 0...
-
Maggie's Muffins Bakery generated $5,000,000 in sales during 2016, and its year-end total assets were $2,500,000. Also, at year-end 2016, current liabilities were $1,000,000, consisting of $300,000...
-
Discuss some of the reasons why traditional advertising agencies have been developing more IMC capabilities. What changes might these agencies have to make to improve their service?
-
Georgia Lapp Travel Design, Inc., prepared its trial balance. Suppose Lapp made an error: She erroneously listed common stock of \($30,100\) as a debit rather than a credit. Requirement 1. Compute...
-
1. Given the risk, what would motivate an investor to purchase stock in Gogo? 2. Why would Gogo sell stock rather than taking on additional debt financing? Do you think that this was a good decision?...
-
Describe briefly all the basic types of retirement plans and taxation of them.
-
Abhinav is a trader. Using the following information taken from Abhinavs books on 30 June 208: a. Prepare a trial balance at 30 June 208 b. Prepare an income statement for the year ended 30 June 208...
-
Solve each problem. Future Value Find the future value and interest earned if $56,780 is invested at 2.8% compounded (a) quarterly for 23 quarters (b) continuously for 15 yr.
-
Solve each problem. Find the required annual interest rate to the nearest tenth of a percent for $65,000 to grow to $65,783.91 if interest is compounded monthly for 6 months.
-
The income statement of Whitlock Company is presented here. Additional information: 1. Accounts receivable increased $200,000 during the year, and inventory decreased $500,000. 2. Prepaid expenses...
-
Process Control Discuss the following: For which applications would the on-off control be a good choice of process control and why? What is the problem of offset in proportional control and why can't...
-
3. The following alkyl bromide can undergo SN1, SN2 and E2 chemistry depending on the conditions of the reaction. a) Redraw each reaction and provide the major product(s) after the arrow. Show...
-
On July 1, 20x1, Sanchez Corporation acquired 3,000 shares (20% ownership) of Beal Corporation common stock at $40 per share plus brokerage fees of $600. The investment of $120,000 was $6,000 greater...
-
Customers at a quirky tropical fruit stand can buy at most four mangos, at most two passion fruit, any even number of papayas, three or more coconuts, and carambolas in groups of five. (a) Explain...
-
- - (a) Represent the expression ((x + 2) 3) * (y (3+x)) - 5 using a binary tree. Write this expression in (b) prefix notation (doing a preorder traversal). (c) postfix notation (doing a postorder...
-
A survey of 60 men found that 36 gamble. Another survey of 50 women found that 28 gamble. At = 0.01, is there a difference in the proportions?
-
Starr Co. had sales revenue of $540,000 in 2014. Other items recorded during the year were: Cost of goods sold ..................................................... $330,000 Salaries and wages...
-
Determine if f is one-to-one. You may want to graph y = f(x) and apply the horizontal line test. f(x) = x
-
Find C and a so that f(x) = Ca x satisfies the given conditions. f(1) = 3 and for each unit increase in x, the output is multiplied by 3/4.
-
Determine if f is one-to-one. You may want to graph y = f(x) and apply the horizontal line test. f(x) = |x-1|
-
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