In Problems 19-24, find the future value, using the future value formula and a calculator. ($ 119,400)
Question:
In Problems 19-24, find the future value, using the future value formula and a calculator.
\(\$ 119,400\) at \(7.5 \%\) compounded continuously for 30 years
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
To find the future value of an investment compounded continuously we use the formula FV P ert whe...View the full answer
Answered By
Niala Orodi
I am a competent and an experienced writer with impeccable research and analytical skills. I am capable of producing quality content promptly. My core specialty includes health and medical sciences, but I can competently handle a vast majority of disciplines.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Sciences questions
-
On October 31, 2015, Pete's Print Shop purchased a copy machine for $27,600. Pete's Print Shop expects the machine to last for three years and to have a residual value of $1,500. Compute depreciation...
-
What are the function of the pancreas in the digestive system? (A) To secrete digestive enzymes (B) To regulate blood sugar levels (C) To absorb nutrients from the small intestine (D) To store bile
-
Considering these data where 'P1' estimates are analyst forecasts of future stock prices: Stock PO P1 A B C D B 52.5 59 0.4 1.1 24.5 29 0.26 2.1 36.4 43 0.23 1.5 38 42 0.33 1.4 Market Risk Premium...
-
Find the numbers such that the average value of f(x) = 2 + 6x 3x2 on the interval [0, b] is equal to 3.
-
Sketch the forces acting upon a rider on a Ferris wheel when the rider is at the top of the cycle, labeling each force clearly. Which force is largest at this point, and what is the direction of the...
-
In 2010, in an attempt to increase the number of Americans covered by health insurance and reduce the cost of health care, Congress passed the Patient Protection and Affordable Care Act. A key...
-
Baker Mfg Inc. wishes to compare its inventory turnover to those of industry leaders, who have turnover of about 13 times per year and 8% of their assets invested in inventory. a. What is Bakers...
-
Are Suppliers Partners, Friends, or Enemies? Barbara Nellis and Sandy Watson have just given one another a high five. Close friends and neighbors for several years now, they each recently sent their...
-
In Problems 25-28, find the present value, using the present value formula and a calculator. Achieve \(\$ 5,000\) in three years at \(3.5 \%\) simple interest.
-
In Problems 19-24, find the future value, using the future value formula and a calculator. \(\$ 45.67\) at \(3.5 \%\) compounded daily for 3 years
-
The company from Exercises has the option of hiring an economics consulting firm to predict consumer confidence. The company has already considered that the probability of rising consumer confidence...
-
Bernadette Rosen, a longtime client of yours, is an architect and the president of the local Rotary chapter. To keep up to date with the latest developments in her profession, she attends continuing...
-
Investment companies attempt to explain to investors the nature of the risk the investor incurs when buying shares in their mutual funds. For example, go to https://personal.vanguard.com/us/funds/...
-
Eighth Wonder & Co is engaged in cosmetics business. The trial balance and additional information as on 31st March 2017 are given below. You are required to prepare the profit and loss account for...
-
Mr. Smart Lal commenced his trading business in the name of Exotica Trading Company on 1st April 2017 with a capital of 1,000,000 and a loan from the State Bank of India amounting to 500,000. At...
-
Show a pipeline execution diagram for the third iteration of this loop, from the cycle in which we fetch the first instruction of that iteration up to (but not including) the cycle in which we can...
-
Texas Gulf Sulphur Company (TGS) was a corporation engaged in exploring for and mining certain minerals. A particular tract of Canadian land looked very promising as a source of desired minerals, and...
-
If |62x|>9, which of the following is a possible value of x? A. 2 B. 1 C. 0 D. 4 E. 7
-
Suppose 5000 J of heat flow from a reservoir at 400 K to a colder reservoir. If the total entropy change of the universe is 200 J/K, what is the temperature of the cold reservoir? Because the...
-
A large piece of steel (initial temperature 400 K) is placed into a large bucket of ice water. If 4.0 J of heat flow from the steel into the ice water, what are the entropy changes of the steel, the...
-
A pot contains 250 g of water at 100C. If this water is heated and all evaporates to form steam at 100C, what is the change in the entropy of the H 2 O?
-
4 An electron emitter will be used to make a beam of electrons for a microscope. Electrons are emitted from a hot wire and accelerated between an anode and cathode plate which can be approximated to...
-
1. A current of 5.83 A is used to produce the microwave radiation in a microwave oven. If the voltage across the oven is 120V, how much does it cost to run the microwave for 12 minutes if electrical...
-
You've seen the following returns on a stock over the past five years: 6 percent, 12 percent, 20 percent, -6 percent, and 11 percent. Suppose the average inflation rate over this time period was 2.5...
Study smarter with the SolutionInn App