Compute the future value of $1,640 compounded annually for: a. 10 years at 5 percent. b. 10
Question:
Compute the future value of $1,640 compounded annually for:
a. 10 years at 5 percent.
b. 10 years at 10 percent.
c. 20 years at 5 percent.
d. Why is the interest earned in part (c) not twice the amount earned in part (a)?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (9 reviews)
a 16401 05 259343 b 16401 10 293700 c ...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Corporate Finance
ISBN: 9781260772388
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
Question Posted:
Students also viewed these Business questions
-
Compute the future value of $ 1,000 compounded annually for a. 10 years at 5 percent. b. 10 years at 10 percent. c. 20 years at 5 percent. d. Why is the interest earned in part (c) not twice the...
-
Compute the future value of $2,500 compounded annually for a. 10 years at 6 percent b. 10 years at 8 percent c. 20 years at 6 percent d. Why is the interest earned in part (c) not twice the amount...
-
Compute the future value of the following: a. $100 invested for 5 years at 4% compounded annually b. $500 invested for 15 periods at 2% compounded once per period c. $200 invested for 8 years at 3%...
-
The stockholders equity section of University Fashions is presented here. University Fashions Balance Sheet (Stockholders Equity Section) ($ in thousands) Stockholders equity: Preferred stock, $50...
-
The inmates at Bigmac Prison, Oklahoma, make an average of 437 license plates per day. The warden feels that their production should be higher and suspects that the inmates are wasting a lot of time...
-
What is the basis underlying the defense of assumption of risk, and how does that basis support the courts decision in the Sutton case?
-
Refer to Exercise 9. Compute the value of the test statistic. Exercise 9 Two suppliers of machine parts delivered large shipments. A simple random sample of 150 parts was chosen from each shipment....
-
Kotari Inc. found that about 15 percent of its sales during the month were for cash. Kotari has the following accounts receivable payment experience: Percent paid in the month of sale ..........20...
-
During the time thefirstimmigrants landed onUS soil, one could have bought a sizable island from the natives for $25. In 200 years the price of such an island would have been $4.5 million. What rate...
-
The following table shows the stock price, earnings per share, and dividends per share for Alphabet Inc. (GOOG), PepsiCo, Inc. (PEP), and Caterpillar Inc. (CAT) for a recent year: 1. For each...
-
An investor purchasing a British consol is entitled to receive annual payments from the British government forever. What is the price of a consol that pays $50 annually if the next payment occurs one...
-
What happens to the future value of an annuity if you increase the rate r? What happens to the present value?
-
For a lottery to be successful, the public must have confidence in its fairness. One of the lotteries in Maryland is Pick-3 Lottery, where 3 random digits are drawn each day.7 A fair game depends on...
-
One remedy for procedural violations is to have a hearing officer or court order the school to comply with procedural requirements in the future. What should the remedy be if the school still...
-
What are the pitfalls to avoid when implementing a balanced scorecard?
-
One of the key discipline requirements in the IDEA is that students with disabilities must be provided with FAPE, even when they are suspended or expelled from school for reasons unrelated to their...
-
As noted in this chapter, students with disabilities receive a number of protections in the discipline process. These same protections are not available to students without disabilities (unless the...
-
Describe the features of a good balanced scorecard.
-
A tank of compressed air of volume 1.0 m3 is pressurized to 20.0 atm at T = 273 K. A valve is opened and air is released until the pressure in the tank is 15.0 atm. How many air molecules were...
-
Why did management adopt the new plan even though it provides a smaller expected number of exposures than the original plan recommended by the original linear programming model?
-
Band Ratings Companies pay rating agencies such as Moodys and S&P to rate their bonds, and the costs can be substantial. However, companies are not required to have their bonds rated; doing so is...
-
Band Ratings Companies pay rating agencies such as Moodys and S&P to rate their bonds, and the costs can be substantial. However, companies are not required to have their bonds rated; doing so is...
-
Bond Ratings U.S. Treasury bonds are not rated. Why? Often, junk bonds are not rated. Why?
-
Assume you have a portfolio consisting of a $400,000 investment in stock A and a $600,000 investment in stock B. Suppose that the daily volatilities of these two assets are 2% and 1.5%, respectively,...
-
A European call option and put option on a non-dividend paying stock both have a strike price of $51 and an expiration date in 6 months. The put sells for $2.50 and the call sells for $2. The...
-
Larkspur Company sells discounted shoes to the fashion-oriented consumer. The following schedule relates to the company's inventory for the month of March: Cost Sales March 1 Beginning inventory...
Study smarter with the SolutionInn App