What is the future value of 20 periodic payments of $5,720 each made at the beginning of

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

Question:

What is the future value of 20 periodic payments of $5,720 each made at the beginning of each period and compounded at 8%? (Round factor values to 5 decimal places, e.g. 1.25124, and final answer to 0 decimal places, e.g. 458,581.)

Related Book For answer-question

Corporate Finance A Focused Approach

ISBN: 978-1439078082

4th Edition

Authors: Michael C. Ehrhardt , Eugene F. Brigham

See More Books

Posted Date: Jan 02, 2021 09:32 PM

See More Questions

What is the future value of $1,000 invested for 10 years at a nominal interest rate of 10 percent compounded continuously? How much higher is this value than the value obtained with annual...
What is the future value of a 7%, 5-year ordinary annuity that pays $300 each year? If this were an annuity due, what would its future value be?
What is the future value of an initial $100 after 3 years if it is invested in an account paying 10%annual interest?
P Corporation acquired an 80% interest in S Corporation two years ago at an implied value equal to the book value of S. On January 2, 2017, S sold equipment with a five-year remaining life to P for a...
A standard deck of cards is being used to play a game. There are four suits (hearts, diamonds, clubs, and spades), each having 13 faces (ace, 2, 3, 4, 5, 6, 7, 8, 9, 10, jack, queen, and king),...
Kenya Corporation had an equity structure that consisted of $1 par value common stock, $3,500,000; paid-in capital in excess of par, $17,500,000; and retained earnings, $22,700,000. (a) Assuming that...
Hemlock Semiconductor Operations, LLC, and SolarWorld Industries Sachsen GmbH, are both companies involved in the manufacture of components for solar power products. Prior to the lawsuit, the two...
Nicholson Roofing Materials, Inc., is considering two mutually exclusive projects, each with an initial investment of $150,000. The companys board of directors has set a maximum 4-year payback...
A system consisting of a small 1.20-kg object attached to a Ax(cm) light spring oscillates on a smooth, horizontal surface. A 5.00- graph of the position x of the object as a function of time is 4.00...
Ewing Company makes two products, M and N. Product information follows: Product M Product N Selling price per unit................$36................................$45 Variable cost per...
A soccer ball of mass 430 g is rolling at 10 m/s to the left, parallel to the goal line. A player wants to kick the ball to change its velocity to be 20 m/s forward, towards the goal. What is the...
Recognized as notable business leader: Mark Zuckerberg 1. Identify a leader and justify the selection of that particular Zuckerberg. Discuss the organizations with which the leader is affiliated and...
How do you feel GRIT and other skills being addressed in this module will be used during your time in the Program?
Computer Disk Duplicators, Inc. has been considering several capital investment proposals for the year beginning in 2019. For each investment proposal, the relevant cash flows and other relevant...
During Covid-19, Carnival Corporation, one of the largest cruise companies in the world, was suffered since the first covid-19 outbreak on board a Carnival Corporation ship. Widespread negative media...
This part is concerned with AVL trees. An AVL tree is a self-balancing binary search tree. In an AVL tree, the heights of the two child subtrees of any node differ by at most one; therefore, it is...
Which statement regarding an Assured Equipment Grounding Conductor (AEGC) safety program is true? A.. An AEGC safety program is required when all wiring is a permanent part of the building B. An AEGC...
The relationship described in question 7 does not always appear to hold. What factors, besides the number of firms in the market, might affect margins?
Because of a recession, the inflation rate expected for the coming year is only 3%. However, the inflation rate in Year 2 and thereafter is expected to be constant at some level above 3%. Assume that...
Pettit Printing Company has a total market value of $100 million, consisting of 1 million shares selling for $50 per share and $50 million of 10% perpetual bonds now selling at par. The companys EBIT...
Renfro Rentals has issued bonds that have a 10% coupon rate, payable semiannually. The bonds mature in 8 years, have a face value of $1,000, and a yield to maturity of 8.5%. What is the price of the...
Mexico has labor laws that specify a daily (rather than hourly) minimum wage. In 2018, the daily minimum wage in Mexico was about 103 pesos per day, and the exchange rate between Mexican pesos and...
In 2017, an estimated 7.7 million Mexican-born immigrants were employed in the United States. a. If 60 percent of the Mexican-born immigrants remitted money to family members in Mexico in 2017, and...
A mathematical approximation called the rule of 70 tells us how long it will take for something to double in size if it grows at a constant rate. The doubling time is approximately equal to the...

What is the future value of 20 periodic payments of $5,720 each made at the beginning of

Question:

Expert Answer:

since payment are made at the b... View the full answer

Corporate Finance A Focused Approach

Students also viewed these finance questions