Greg owes two debt payments a payment of $5804 that was due in 11 months ago and a payment of $1531 due in 9 months If Greg makes a payment now, what would this payment be if money is worth 6 24 compounded semi annually Assume a focal date of today Please express your answer to the nearest dollar ...

To calculate the present value of the two debt payments we can use the formul ...

Greg owes two debt payments - a payment of $5804 that was due in 11 months...

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

Question:

Related Book For answer-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

See More Books

Posted Date: May 20, 2023 01:34 AM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
A firm has 200 shareholders, you among them. Each shareholder owns $20 worth of stock. In addition, Mr. Hostile owns 50 shares (for a firm total of 250 shares) and is trying to fire the management....
Find the present value of $40,000 due in 4 years at the given rate of interest 8%/year compounded monthly. A. The present value is $28,948.67. B. The present value is $29,433.94. C. The present value...
Find the magnitude and direction of the electric field strength at the point P due to the point charges at A and B as shown in the Figure 1. (k = 9 x 10 Nm/C) +2 C 10 cm A 10 cm Figure 1 B -8 C (5...
The common stock of Triangular File Company is selling at $90. A 26-week call option written on Triangular Files stock is selling for $8. The calls exercise price is $100. The risk-free interest rate...
In Module Five we looked at instances of persons who disseminated/leaked/published classified information for what they considered to be righteous reasons. A recent Washington Post article that we...
One calorie is equivalent to (a) $418.4 \mathrm{~J}$ (b) $41.84 \mathrm{~J}$ (c) $4.184 \mathrm{~J}$ (d) $0.4184 \mathrm{~J}$.
In an effort to increase capacity in Work Center 111 for week 13, Yankee Machine Shop has authorized overtime. The work center will be staffed 12 hours per day for six days. Because of the additional...
What is trust, and how does it relate to justice and ethics? Do you agree that smartphone use has decreased the kinds of reflection that might deepen ethical maturity? Do you think that society has...
The ping-pong ball has a mass of 2 g. If it is struck with the velocity shown, determine how high h it rises above the end of the smooth table after the rebound. Take e = 0.8 30 18 m/s 0.75 m 2.25 m
Angular momentum: [l(+1).h L=mh y 1. (15 pts) (a) If the excited state of He is in the configuration that one electron is in 2p orbital and one electron in 3p orbital, write all possible total wave...
Consider the problem u' (t): = ku, u(0) = 1 for constant k and t > 0. (a) Find an explicit formula in terms of h, k, and i for the Euler solution u, at t = ih. (b) Find values of k and h such that |u...
(a) You are given that two solutions of the homogeneous Euler-Cauchy equation, are y = x -2 and y2 W = = x Confirm the linear independence of your two solutions (for x > 0) by computing their...
1. For sintering Al2O3, small amounts of MgO or SiO2 can be added as sintering aids, which form glassy phases in the grain boundaries (liquid phase sintering). Draw the schematic microstructures of...
Draw the block diagram for a system that maintains the level in a tank. Again, don't forget to write out the steps required to maintain the level in the tank. The level sensors are used to control...
You've been saving for your child's college her whole live and have $200,000 saved for her. The college she chooses has a contracted-in-advance room, board, and tuition plan so you will know exactly...
A supermarket chain is interested in exploring the relationship between the sales of its store-brand canned vegetables (y), the amount spent on promotion of the vegetables in local newspapers (x1)...
Alick has saved $8.80 in nickels, dimes, and quarters. If he has four nickels fewer than three times the number of dimes, and one quarter more than three-fourths the number of dimes, how many coins...
A 6.5% bond of $50 000 with interest payable quarterly is to be redeemable at par in 12 years. (a) What is the purchase price to yield 8% com- pounded quarterly? (b) What is the book value after 9...
Tim bought a boat valued at $10 104 by agreeing to make semi-annual payments for five years. If the first payment is due on the date of purchase and interest is 8.8% compounded semi-annually, what is...
Explain how creating a process map and internal threat analysis helps in determining the extent to which substantive testing is to be performed on the accounts associated with the supply chain and...
Consider the purchases function of a manufacturing company. To overcome a downward profitability trend, management recently instituted a "just-in-time" system of acquiring raw materials for its...
Testing for unrecorded liabilities involves vouching a sample of disbursements made after fiscal year end to determine whether the underlying liabilities for the disbursements were recorded at the...

Greg owes two debt payments - a payment of $5804 that was due in 11 months...

Question:

Expert Answer:

To calculate the present value of the two debt payments we can use the formul... View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these finance questions