What is the present worth of a series of equal quarterly payments of $3000 that extends over
Question:
What is the present worth of a series of equal quarterly payments of $3000 that extends over a period of 8 years if the interest rate is 10% compounded monthly?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 59% (27 reviews)
Compute the effective interest rate per quart...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
What is the present worth of a $50,000 debenture bond that has a bond coupon rate of 8% per year, payable quarterly? The bond matures in 15 years. The interest rate in the marketplace is 6% per year,...
-
What is the present worth of these future payments? (a) $15,500 eight years from now at 14% compounded annually (b) $18,000 twelve years from now at 4% compounded annually (c) $20,000 nine years from...
-
A series of equal quarterly payments of $8,000 for 15 years is equivalent to what present amount at an interest rate of 9% compounded at the given intervals? (a) Quarterly (b) Monthly (c) Continuously
-
Five Smithtown High School students are saving up to buy their first cars. They all have after-school jobs, and their weekly salaries are listed in the table. Emily ..........................$110 Sam...
-
What lessons does Cuba have for training health professionals? Is training for context one way to address the migration problem?
-
Two alternative investment opportunities are available to Claude Reyna, president of Reyna Enterprises. For the first alternative, the present value of cash inflows is $133,000, and the present value...
-
What is Indias balance on services? Use the following balance of payments data for India from the IMF to answer this problems. Assumptions (millions of US$) 2000 2001 2002 2003 2004 2005 2006 2007...
-
LissenPhones uses Alpha Electronics and La Paz Company to buy two electronic components used in the manufacture of its cell phones: Component 125X and Component 30Y. Consider two activities: testing...
-
La empresa Jensen adquiri una nueva mquina el 1 de octubre de 2017, con un coste de 104.000 dlares. La empresa estim que la mquina tiene un valor de salvamento de 8.000 dlares. Se espera que la...
-
Use the attached data set for our company to address the following. Task assignments to employees are supposed to be done at random. On a certain day, all the best jobs, in order of desirability,...
-
Ann deposits $100 at the end of each month into her bank savings account. The bank paid 6% nominal interest, compounded and paid quarterly. No interest was paid on money not in the account for the...
-
The first of a series of equal semiannual cash flows occurs on July 1, 1997, and the last occurs on January 1, 2010. Each cash flow is equal to $128,000. The nominal interest rate is 12% compounded...
-
Consider the following cash flows. All market interest rates are 12%. a. What price would you pay for these cash flows? What total wealth do you expect after 2.5 years if you sell the rights to the...
-
Answer the following questions: 1 ) ? Which direction has the greater vibration due to shaft misalignment and baseline? why? 2 ) ? A system with 1 0 kg mass, 2 ?N / m stiffness and 1 . 5 ?Ns / m...
-
Insert 8 to the following AVL tree: 14 7 17 4 12 53 11 13
-
10-46. Determine the distance y to the centroid for the beam's cross-sectional area; then determine the moment of inertia about the x' axis. 10-47. Determine the moment of inertia of the beam's...
-
As an IT administrator, you have been asked to configure 20 Windows 10 computers on a new network for a branch office that your company is opening. Based on what you have learned in this week's...
-
Answer the following questions based on the algorithm given below. Algorithm 1: Mystery(x,y: Positive Integers) 1 result = 1 2 while y + 1 do 3 if y is odd then result = 2x result 4 5 y=y-1 6 end 7 8...
-
The debt service fund makes a \($10,000,000\) payment on the principal of general obligation long-term debt. How is this reported on the financial statements of the debt service fund? a. Expenditure...
-
Juanita owns a home in Richardson, TX. She purchases a Homeowners Policy (HO-3) from Farm State Ins. Co. The policy provides $100,000 in liability coverage (coverage E) and $5,000 in Med Pay coverage...
-
How do investment bankers, securities brokers, and security dealers differ in their roles?
-
The initial cost of a bridge that is expected to be in place forever is $70 million. Maintenance can be done at 1-, 2-, 3-, or 4-year intervals, but the longer the interval between servicing, the...
-
A construction company bought a 180,000 metric ton earth sifter at a cost of $65,000. The company expects to keep the equipment a maximum of 7 years. The operating cost is expected to follow the...
-
An engineer determined the ESL of a new $80,000 piece of equipment and recorded the calculations shown below. [Note that the numbers are annual worth values associated with various years of...
-
Use the australian accounting standard. On 1 July 2022, Surf Ltd leases a semi-trailer truck from Superior Ltd. The truck will be used to move spare parts between Surf's various warehouses. The...
-
In addition to the Transaction/events that have occurred during the year, the CEO would like you to provide some accounting advice on some proposed future expenditure. Specifically, Surf Ltd is...
-
A rise with a sharp fall at the end of an utterance is found in: a. statements b. yes/no questions c. exclamations d. wh-questions e. incomplete thoughts
Study smarter with the SolutionInn App