Two payments of $49 000 each must be made 3 year and 5 year from now. If

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

Question:

Two payments of $49 000 each must be made 3 year and 5 year from now. If money can earn 4.9% compounded monthly, what single payment 5 years from now would be equivalent to the two scheduled payments?

Related Book For answer-question

Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

See More Books

Posted Date: Mar 07, 2024 11:17 PM

See More Questions

Two payments of $1300 and $1800 were scheduled to be paid five months ago and three months from now, respectively. The $1300 payment has not yet been made. What single payment at a focal date one...
Two payments of $2000 each are scheduled for six months from now and two years from now. They are to be re-scheduled as follows: a payment one year from now and a second payment, half the size of the...
Consider the scenario: After you retire, your retirement fund has $250,000 in it to pay regular monthly payments for 20 years starting today. What are the regular payments if interest is 1.2%...
The balance sheet of Lamont Bros. follow: (a) What portions of Lamont's assets were provided by debt, contributed capital, and earned capital? Reduce contributed capital by the cost of the treasury...
Santos Co. is preparing a cash budget for February. The company has $20,000 cash at the beginning of February and anticipates $75,000 in cash receipts and $100,250 in cash payments during February....
True or false: If A is a complete upper triangular matrix, then it has an upper triangular eigenvector matrix S.
Refer to the information in Exercise 17-1. Assume that the following information is available for the companys two products for the first quarter of 2017. Required Compute activity rates for each...
Answer the following questions related to Dubois Inc. (a) Dubois Inc. has $600,000 to invest. The company is trying to decide between two alternative uses of the funds. One alternative provides...
Recent events have once again shaken and stirred the memory of the nation. Almost immediately after the Civil War, a myth arose painting the conflict with a brush that attempted to blur the lines...
Files and More, Inc. (F&M), a manufacturer of office equipment, uses MRP to schedule its production. Because of the current recession and the need to cut costs, F&M has targeted inventory as a prime...
You establish a straddle on Walmart using September call and put options with a strike price of $68. The call premium is $5.15 and the put premium is $5.90. a. What is the most you can lose on this...
- A block of mass m = 6, 1 kg slides on a rough surface and moves toward a spring with a spring constant k = 1932 N/m, as shown in the figure below. When the block is d 25, 2 m away from the spring,...
Would you rather have an excellent benefits package or higher pay? Explain.
To what extent is it Human Resources' responsibility in creating safety, inclusion, awareness and equal treatment of LGBTQ employees? Please present arguments in support of your position.
3D wave speeds have been calculated using ultrasonic transducers. The estimated values are V = 6200 m/sec, vs = 3200 m/sec. Assuming the material density as p=2700 kg/m, compute: a) Young Modulus E...
TIPS and FOE are instrumental to employers in thwarting the success of a union organizing campaign. Define each acronym and explain why they are important to management in labor relations practices.
Consider the purchasing process model at HONDA. Answer the following questions: Purchasing Department Purchasing Order Copy Purchasing Order Warehouse Department Shipment Notice Accounts Payable....
A genetically engineered strain of Escherichia coli (E. coli) is used to synthesize human insulin for people suffering from type I diabetes mellitus. In the following simplified reaction scheme,...
What minimum amount of money earning 9% compounded semiannually will sustain withdrawals of $1200 at the beginning of every month for 15 years?
A legal dispute delayed for 18 months the disbursement of a $500,000 bequest designated to provide quarterly payments in perpetuity to a hospice. While under the jurisdiction of the court, the funds...
If a furniture retailer offers a financing plan on a $1500 purchase requiring four equal quarterly payments of $400 including the first payment on the purchase date, what effective rate of interest...
What type of accounts are notes payable and current maturities of longterm debt? (a) Cash accounts. (b) Operating accounts. (c) Financing accounts. (d) Investing accounts.
The essential difference between the statement of cash flows and the income statement is that: (a) The statement of cash flows only deals with the items measurable in monetary terms, whereas the...
Which of the following is not a cash inflow? (a) Proceeds from borrowing. (b) Returns on interest-earning assets. (c) Payment of dividends. (d) Returns on equity securities.

Two payments of $49 000 each must be made 3 year and 5 year from now. If

Question:

Expert Answer:

calculate the equivalent single payment Two payments of 49000 each must be made 3 years and 5 years ... View the full answer

Business Mathematics In Canada

Students also viewed these finance questions