1. Whats the future value of an initial $100 after 3 years if it is invested in...
Question:
1. What’s the future value of an initial $100 after 3 years if it is invested in an account paying 10% annual interest?
2. What’s the present value of $100 to be received in 3 years if the appropriate interest rate is 10%?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
1 Future valuePresent val...View the full answer
Answered By
Marvine mabiya
i am a graduate of kirinyaga university degree of statistics
0.00
0 Reviews
10+ Question Solved
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
Question Posted:
Students also viewed these Business questions
-
What is the future value of an initial $100 after 3 years if it is invested in an account paying 10%annual interest?
-
Is it possible to convert the future value of an ordinary annuity table to the future value of an annuity due table? Explain.
-
What effect on the future value of an annuity does increasing the interest rate have? Does a change from 4% to 6% have the same dollar impact as a change from 6% to 8%?
-
What constant should replace the question mark in this system so that the solution set is {(1, 1, 1)}? 2x - 3y + -5x + 2y z = 0 - 2 = x + y + 2z = ? 4 -4
-
As the Japanese yen appreciated in value during the 1980s and 1990s, more Japanese auto companies built manufacturing plants in other parts of Asia and in the United States. What impact did this have...
-
Part I: Read paragraph OB11 of Statement of Financial Accounting Concepts No. 8. Conceptual Framework for Financial Reporting: Chapter 1. The Objective of General purpose Financial Reporting, and...
-
Recommending Improvements to a Purchase Requisition Properly designed documents and forms improve the likelihood that employees will adhere to prescribed policies and procedures. For example,...
-
Harriet's Hats is a retailer who buys hats from a manufacturer and then sells them in its stores. The following information includes the company's December 31, 20Y8 Balance Sheet and the details of...
-
57'-8" 1. The building perimeter walls are 1'2" thick and the interior walls are 1'0" thick. Fig 1 and Fig 2 detail the linear feet of 1'2" -thick foundation walls. In addition, side B is 8'4" tall...
-
A demand loan of $45,000 on November 05, 2020 at 5% p.a. simple interest was settled by a payment of $700 on March 15, 2021 and the outstanding balance on June 15, 2021. Using the declining balance...
-
Explain the following statement: Whereas the balance sheet can be thought of as a snapshot of the firms financial position at a point in time, the income statement reports on operations over a period...
-
If you want an investment to double in 3 years, what interest rate must it earn?
-
Gross profit is $50 000. Closing inventory was valued at $3000. It has been discovered that closing inventory should have been valued at $2000. What is the correct gross profit?
-
why is cognitive psychology so interesting? what does perception in cognitive psychology tell you? What is compelling and surprising about consciousness and attention in cognitive psychology? how can...
-
How does the concept of "agency" in socialization, as emphasized by sociologists like Margaret Archer and Anthony Giddens, illuminate individuals' active engagement in shaping their socialization...
-
What are specific examples of why "EU Competition law policy under Article 101 is very supportive of technology innovation. This is manifest in its case law, guidelines and regulation.". Also, cite...
-
What are the implications of cross-cultural perspectives on socialization, drawing from comparative research and anthropological insights, for understanding the diverse ways in which socialization...
-
Using your own words, briefly describe the "Cognitive Revolution using this material :https://psychology.iresearchnet.com/cognitive-psychology/ , https://www.youtube.com/watch?v=AeoyzqmyWug . You...
-
The energy at which the fundamental forces are expected to unify is about 1019GeV. Find the mass (in kilograms) of a particle with rest energy 1019GeV.
-
In your readings, there were many examples given for nurturing close family relationships in this ever-evolving technological society we live in Based upon your readings and research describe three...
-
Firms with relatively high non-financial fixed costs are said to have a high degree of what?
-
One type of leverage affects both EBIT and EPS. The other type affects only EPS. Explain this statement.
-
Why is the following statement true? Other things being the same, firms with relatively stable sales are able to carry relatively high debt ratios.
-
A proton (mass of 1.67 x 10-27 kg) is moving at 1.25 x 106 m/s directly toward a stationary helium nucleus (mass 6.64 x 10-27 kg). After a head-on elastic collision, what is the velocity of the...
-
The December 31, Year 4, balance sheet for Vernon Corporation is presented here. These are the only accounts on Vernon's balan sheet. Amounts indicated by question marks (?) can be calculated using...
-
Reyes Manufacturing Company uses a job order cost system. At the beginning of January, the company had one job in process (Job 201) and one job completed but not yet sold (Job 200). Job 202 was...
Study smarter with the SolutionInn App