What is the present value of 15000 that will be received in 7 years in the future,

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

Question:

What is the present value of 15000 that will be received in 7 years in the future, assuming an annual interest rate of 7.5% and compounded annually?

Related Book For answer-question

Fundamentals of Financial Management

ISBN: 978-0324597707

12th edition

Authors: Eugene F. Brigham, Joel F. Houston

See More Books

Posted Date: Feb 28, 2024 02:01 AM

See More Questions

Use the following data points to form the density-based clusters where eps-10 and MinPts=3. Clearly mention your steps and tell the noise points as well. A1 (0,10), A2 (0,20), A3 (0,27), A4 (10, 15),...
What factors are impacting the hotel's performance compared to budget? Summaries Group Weekday Transient Weekday Total Hotel Weekday Rms ADR(G) Revenue(G) Rms ADR(G) Revenue(G) Rms ADR(G) Revenue(G)...
For each problem, show your work steps. A correct answer with no work shown gets half credit (which means you fail the assignment). An incorrect answer with no work receives 0 credit. With time value...
You have just completed your four-year degree at LLC University! Your student loans that you have accumulated while studying at LLC total $25,000. Since you have graduated, you must now begin...
Newton viewed the curving of the path of a planet as being caused by a force acting on the planet. How did Einstein view the curved path of a planet?
You are a member of a corporate failure analysis group, working out of the home office of a large petroleum corporation with production sites throughout North America. These sites generally contain a...
Describe the common models of managed care organizations.
The contractors project office is often structured to be compatible with the customers project office, sometimes on a one-to-one basis. Some customers view the contractors project organization merely...
You want to buy a piece of farm equipment for $70,000 and the finance office has quoted you a loan with an APR of 12% compounded monthly for 60 months to make the purchase. What will your monthly...
James Silva is a management accountant at Kleebler - Olson, where he is in charge of their investment portfolio. James worked with a data scientist to develop a model that predicts how a given loan...
Given the following information, what is the value of the advance/rejection line on the third day of this 3-day period? Problems that advance Problems in decline Day 1 1,315 1,416 Day 2 1,650 1,128...
Explain and research 5 porter analysis of Costco company. 1. Threats to new entrances: economics of scale is hard to directly compete with Costco. Large investment can be a moderate barrier to start...
Are these activities consistent with the company's corporate mission or values statement, or to they appear to be ad hoc? Please explain why you think so. (12 marks)
Organizational Competencies: Use the SOAR analysis framework to identify opportunities and set result-oriented aspirations based on the strengths of Molson Coors Brewing Company. Analyze and Identify...
A critical device has a mount whole specified between 3.0 millimeters and 3.3 millimeters (as design specification). From a sample manufacturing data, it obtained. Grand mean = 3.1 millimeter...
Through the COVID-19 pandemic, we have all learned the phrase "the new normal." This pandemic has required all of us to become highly adaptive and agile in the way we navigate our personal and...
A simply supported beam 300 mm wide, 500 mm deep and spans 6 m supports a service super imposed dead load of 10 kN/m and service live load of 6 kN/m. Concrete strength f'. = 21 MPa and steel yield...
(a) Given a mean free path = 0.4 nm and a mean speed vav = 1.17 105 m/s for the current flow in copper at a temperature of 300 K, calculate the classical value for the resistivity of copper. (b)...
In the summer of 2008, the Hadaway Company was planning to finance an expansion with a convertible security. They considered a convertible debenture but feared the burden of fixed interest charges if...
Zappe Airlines is considering two alternative planes. Plane A has an expected life of 5 years, will cost $100 million, and will produce after-tax cash flows of $30 million per year. Plane B has a...
Digital Inc. is considering production of a new cell phone. The project will require an investment of $20 million. If the phone is well-received, the project will produce cash flows of $10 million a...
Why is macroeconomic forecasting so difficult? Does this difficulty mean economics is a worthless field of study?
Which of the following statements are positive in nature and which are normative? a. A tax cut will raise interest rates. b. A reduction in the payroll tax would primarily benefit poor and...
Graph the behavior of the civilian unemployment rate from 1961 until the present using monthly data. Can you see the periods of recession that occurred in 19691970, 19731975, 1980, 19811982,...

What is the present value of 15000 that will be received in 7 years in the future,

Question:

Expert Answer:

The present value can be calculated using the formula PV ... View the full answer

Fundamentals of Financial Management

Students also viewed these finance questions