A client requires $100000 one year from now. if the stated annual interest rate is 2.5% compounded

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

Question:

A client requires $100000 one year from now. if the stated annual interest rate is 2.5% compounded weekly, the deposit today is closest to?

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

See More Books

Posted Date: Mar 10, 2024 12:58 PM

See More Questions

KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
6. Use the same set of information given in the problem above. (a) Use S&P 500 future prices to calculate the implied dividend yield on S&P 500. For simplicity, assume you can borrow or deposit money...
Calculate all of the problems in the document below in an Excel spreadsheet or on a financial calculator. Please show your work in order to get credit. For each problem, state the inputs given, what...
A database is to be made to store information about a catalogue of CDs. Information to be stored about each CD includes title, price, genre, and a list of tracks. Each CD will also have an artist,...
What ethical or professional standards should auditors consider when writing email messages and when communicating on social media networks? What consequences may auditors face if they violate those...
YUX Corporation sells a single product for $50. Its management estimates the following revenues and costs for the year 2012: Instructions (a) Assuming fixed costs and net sales are spread evenly...
The following scenarios describe situations faced by hypothetical companies that currently have a centralized organization structure. As you review each of the scenarios, provide your opinion as to...
Central Garage Internal Service Fund. The City of Ashville operates an internal service fund to provide garage space and repairs for all city-owned-and-operated vehicles. The Central Garage Fund was...
discuss the advantages and disadvantages of Database Management Systems (DBSMs). What do you personally think of Database Management Systems?
Write C++ statement to accomplish each of the following. 4. Assign the sum of x and y to z and increment the value of x by I after the calculation. (Write Single Statement) 5. Decrement the variable...
Husband Wife Total Properties acquired before the marriage Properties for exclusive use 70,000.00 20,000.00 90,000.00 Other properties acquired 530,000.00 380,000.00 910,000.00 Properties acquired...
Periodic and cycle counts of inventory have become accepted standards for ensuring physical inventory data reliability at the warehouse. 1. What are the differences of the two count systems? 2....
Find the future value for the annuity due with the given rate. Payments of $14,000 for 11 years at 0.31% compounded monthly The future value of the annuity due is $ (Do not round until the final...
The mean number of words per minute (WPM) read by sixth graders is 81 with a standard deviation of 17 WPM. If 130 sixth graders are randomly selected, what is the probability that the sample mean...
1. Benford's Law (be sure to answer all 3 parts): Part A: Briefly describe Benford's Law. Part B: Draw a graph that exemplifies data which conforms to Benford's Law (i.e., what it should look like)....
Find the Logical Errors in given program. #include using namespace std; int Search(int L[],int size, int SearchKey) { int Result = -1; int Left = 0; int Right = size - 1; while (Left < Right) { int...
Fill in each blank so that the resulting statement is true. 83 + 103 = ______ .
Consider a good x1 in a model where a consumer chooses between x1 and a composite good x2. A: Explain why the following either cannot happen or, if you think it can happen, how: (a) Own price demand...
When we discussed optimal behavior for consumers in Chapter 6, we illustrated that there may be two optimal solutions for consumers whenever there are non-convexities in either tastes or choice sets....
In the chapter, we discussed the deadweight loss from taxes on consumption goods when tastes are quasilinear in the taxed good, and we treated deadweight loss when tastes are not quasilinear for the...
Refer to the revenue arrangement in P18-1. Instructions Consider the following information and respond to the requirements indicated. (a) In response to competitive pressures for the Internet access...
Presented below and on page 946 are three independent revenue arrangements for Colbert Company. Instructions Respond to the requirements related to each revenue arrangement. (a) Colbert sells 3-D...
Van Hatten Consolidated has three operating divisions: DeMent Publishing Division, Ankiel Securities Division, and Depp Advisory Division. Each division maintains its own accounting system. DeMent...

A client requires $100000 one year from now. if the stated annual interest rate is 2.5% compounded

Question:

Expert Answer:

To calculate the deposit needed today present value to reach 100000 in one year with weekly compound... View the full answer

Microeconomics An Intuitive Approach with Calculus

Students also viewed these finance questions