Compute the present value on June 1, 2022, of $1785 due on October 15, 2022, if interest

Question:

Compute the present value on June 1, 2022, of $1785 due on October 15, 2022, if interest is 7.5%.

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

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Business Mathematics With Canadian Applications

ISBN: 9780135285015

12th Edition

Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday

See More Books

Question Posted: Oct 27, 2020 07:06 AM

See More Questions

Compute the present value on June 1, 2018, of $1785 due on October 15, 2018, if interest is 7.5%.
Compute the present value on June 1, 2014, of $1785 due on October 15, 2014, if interest is 7.5%.
On March 1, 2015, Carter Corporation issued $ 15,000,000 in bonds that mature in 10 years. The bonds have a coupon rate of 6.3 percent and pay interest on March 1 and September 1. When the bonds were...
Consider n x n real matrices A satisfying A = A = A-. (a) When n = 2, determine all such matrices. (b) Assuming that -1 is not an eigenvalue of A, determine all such nxn matrices.
Distinguish between freshwater wetlands and estuaries and between flowing-water and standing-water ecosystems.
Smiley Industrial Goods has bonds on the market making semi-annual payments of $37.4372, with 13 years to maturity, and selling for $1,095. At this prior, the bond yield per cent. What is the annual...
If we have a model for the short rate $r(t)$, show that (a) the zero coupon bond price can be calculated as: \[P(t, s)=\mathbf{E}_{t}\left[e^{\int_{t}^{s} r(u) d u}...
Your client, Manny Mendacious, invested $ 70,000 in the stock of a new start-up company that opened a chain of fried pickle fast-food restaurants call the Cooked Cucumber. As might be expected, this...
The carrying case would be sold to the end consumer for $ 4 9 . 9 9 . Lisa will not sell directly to the consumer but will use a wholesaler who will sell to a retailer ( e . g . , university...
Given the price elasticities and price changes for the following products AE in the table below, show how much the quantity will change (indicating an increase or decrease) and what effect this will...
Debt obligations of $500.00 due on April 27, 2022, and $1625.00 due on September 30, 2022, are to be repaid by a payment of $1200.00 on July 6, 2022, and the balance on January 15, 2023. What is the...
Compute the maturity value for a four-month, 5.25% promissory note for $620 issued May 25, 2023.
What rate of interest is paid if the interest on a loan of $2500 is $96.06 from November 14, 2015, to May 20, 2016?
What is a crime scene log? A command post? When should these be started/established?
Read the following case and answer the following question: Using your own words and without quoting text, what is the rule of law the court created in the case? In other words, what is the precedent?...
what is the what is the difference between a justification defense and an excuse defense? Which is self defense and why ? Difference between a justification defense and an excuse defense? Which is...
Alpha, Beta, Gamma, Delta and Epsilon have now noticed the conveyance and the term it contains: "to Alpha, Beta, Gamma, Delta and Epsilon as joint tenants in equity". They wish to effect a change so...
How is the plaintiff able to establish a prima Dixie case of desperate treatment?
Song earns $100,000 taxable income as an interior designer and is taxed at an average rate of 20 percent (i.e., $20,000 of tax). If Congress increases the income tax rate such that Song's average tax...
The Heese Restaurant Group manufactures the bags of frozen French fries used at its franchised restaurants. Last week, Heeses purchased and used 101,000 pounds of potatoes at a price of $ 0.70 per...
A business has two investment choices. Alternative 1 requires an immediate outlay of $2000 and offers a return of $7000 after seven years. Alternative 2 requires an immediate outlay of $1800 in...
Suppose you are offered two investment alternatives. If you choose Alternative 1, you will have to make an immediate outlay of $9000. In return, you will receive $500 at the end of every 3 months for...
You have two investment alternatives. Alternative 1 requires an immediate outlay of $8000. In return, you will receive $900 at the end of every quarter for the next three years. Alternative 2...
What are some of the best ways for attaining skills in active listening?
. Do you agree with the following statement: "English is a powerful tool that has become entrenched in business processes worldwide-whether for analyzing stocks or issuers, budgeting, or organizing...
As a roofer business owner describe the importance of effective communication in your current work/role?

Compute the present value on June 1, 2022, of $1785 due on October 15, 2022, if interest

Question:

Step by Step Answer:

Contemporary Business Mathematics With Canadian Applications

Students also viewed these Mathematics questions