A contract requires end-of-month payments of $175 for the next 81 gears. How much would an investor
Question:
A contract requires end-of-month payments of $175 for the next 81 gears. How much would an investor pay to purchase this contract if she requires a rate of return of 3% compounded monthly?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
Given PV i 3 025 PMT 175 n 128...View the full answer
Answered By
Amitkumar Shahu
I have been interested in teaching from my college days, and used to conduct technical seminars for spreading the knowledge about new technologies around us during my bachelors. I used to teach my B.E during my post graduation for subjects microprocessor, and conducting lab for the same subject, as part of college internship. Now, I am looking to share knowledge in my best possible way such that, I give some back to the society.
I have expertise in Verilog/System-verilog coding as my current profession. I have also explore various other languages like c, c++, perl scripting, cshell scripting.
Apart from this my personal favorite subjects are Digital Design, Network Analysis, Signal and System, Processors.
0.00
0 Reviews
10+ Question Solved
Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
Question Posted:
Students also viewed these Mathematics questions
-
A contract requires end-of-month payments of $175 for another 8 1/4 years. What would an investor pay to purchase this contract if she requires a rate of return of 6% compounded monthly?
-
A $5000 loan at 10% compounded annually is to be repaid by two payments three and five years from the date of the loan. The first payment of $3000 will be applied to the balance owed after conversion...
-
How much would an investor pay for a loan contract that guarantees payment of $249 at the end of each month for the next 12 months? Assume the investor requires a return of 10.2% com-pounded monthly.
-
in an armicie entitled Fuel Economy Calculations tio Be Alteted lames Healey indicated that the goermnt planned to change how it caleulates fuel economy for new cas and trucks Thia in the first...
-
Consider a Carnot cycle executed in a closed system with 0.5 kg of air. The temperature limits are 50oC and 750oC, and the pressure limits are 15 kPa and 1700 kPa. Heat addition takes place from a...
-
Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2017. In the process of setting up the business, Karane has acquired various types of assets. Below...
-
Event C: rolling a number less than 3 A probability experiment consists of rolling a 12-sided die, numbered 1 to 12. Find the probability of the event.
-
Finding Financial Information Refer to the financial statements of Urban Outfitters in Appendix C at the end of this book. Required: 1. Use the companys balance sheet to determine the amounts in the...
-
Imagine two countries (A and B) operate in the Gold Standard era. The gold content of the country B's currency (B$) is twice that of the country A's currency (A$). The transportation cost of the gold...
-
Pittman Company is a small but growing manufacturer of telecommunications equipment. The company has no sales force of its own: rather, it relies completely on independent sales agents to market its...
-
Connor is exactly 27 years old today. Beginning today, he will deposit $2000 at the start of each year into a savings account that earns 4.75% compounded annually. How much will Connor have in his...
-
What will be the future value after 6 years and 7 months of regular month-end investments of $435 earning 3.6% compounded monthly?
-
In the tool and die room of the Dorben Company, the work measurement analyst wishes to determine a standard for the jig boring of holes on a variety of molds. The standard will be used to estimate...
-
How does the process of catalytic reforming influence the molecular structure and octane rating of hydrocarbons in petroleum refining? Example
-
a) Consider a particle of mass m and charge e, accelerated from rest through an electric potential difference V. Assuming non-relativistic mechanics for the particle, what is the particle's final...
-
Consider the function Find the derivative of y with respect to . dy dx x - 3x+4
-
Darling Leasing is considering the lease to Major State University of a piece of equipment costing $350,000. The period of the lease will be 8 years. The equipment will be depreciated under MACRS...
-
Directions: Complete all answers on separate paper. Use pencil for all problems. Show the formula first and your calculations. You can check your answer with the financial calculator, but do not just...
-
For its fiscal year ending October 31, 2019, Haas Corporation reports the following partial data shown below. Income before income taxes............................$540,000 Income tax expense (20% ...
-
2. Assume a person bends forward to lift a load "with his back" as shown in Figure P12.42a. The person's spine piv- ots mainly at the fifth lumbar vertebra, with the principal supporting force...
-
In a Reason-Rupe poll, a random sample of people were asked, Just a rough guess, what percent profit on each dollar of sales do you think the average company makes after taxes? The results from 5...
-
An avid golfer has just purchased a new putter with a money-back guarantee. She plays seven rounds with the new putter and seven rounds with her old putter and records the number of putts. Can the...
-
The operations manager of a manufacturer of television remote controls wants to determine which batteries last the longest in his product. He took a random sample of his remote controls and tested...
-
Create a class named Account that contains: A private int data field named id for the account (default 0). A private double data field named balance for the account (default 0). A private double data...
-
The next Java code needs to be converted from static to dynamic (just addd changes in same code): import java.util.Scanner; class MyIntStaticCircularQueue { int capacity = 2; int queue[] = new...
-
Hi! Would a tutor be able to assist me on this? In a complete graph with 48 vertices, how many vertices will be in each node's adjacency list? How many entries will be in the adjacency matrix for...
Study smarter with the SolutionInn App