Question: 1. Find An: An = 1300 [1 - (1 + 0.04)-30/0.04] 2. Find An: An = 2550 [1 - (1 + 0.01)-120/0.01] 3. Find R:

1. Find An: An = 1300 [1 - (1 + 0.04)-30/0.04]

2. Find An: An = 2550 [1 - (1 + 0.01)-120/0.01]

3. Find R: 135,000 = R[1 - (1 + 0.005)-360/0.005]

4. Find R: 25,000 = R[1 - (1 + 0.02)-20/0.02]

Step by Step Solution

★★★★★

3.48 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

1 22480 present value Payment R 1300 Periodic rate i 004 Number of periods n 30 2 1... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1386-M-C-L-A-D(3229).docx

120 KBs Word File

Students Have Also Explored These Related Calculus Questions!

Q:

Find an orthogonal or unitary diagonalizing matrix for each of the following: (a) (b) (c) (d) (e) (f) (g) 3-i 4 i20 2.1 0 123 3 0 0I 211 422

Q:

Find an L D VT factorization of the following symmetric matrices. Which are positive definite? a. b. c. d. e. f. g. h. 3 (3 -1) 315 151 313 112 121 211 231 113 2 0112 1011 1201 110 0123 1032 2301...

Q:

Find an orthonormal basis for the following subspaces of R4: (a) The span of the vectors (b) The kernel of the matrix (c) The corange of the preceding matrix (d) The range of the matrix (e) The...

Q:

Country Gini10 Dem_level Dem_rank1Dem_scoreLifeEx_F LifeEx_M Literacy Oil Pop_0_14 Afghanista 29.40 4 151.00 2.77 45.25 44.79 28.10 0.00 42.30 Albania 33.00 3 88.00 5.67 80.30 74.82 #NULL! 5400.00...

Q:

Hi, Can you take a look at the attached material and let me know if you can help me with it and show all your work. The question is in the JPG file and you will need the Excel workbook and Word doc...

Q:

A small town with one hospital has 4 ambulances to supply ambulance service. Requests for ambulances during nonholiday weekends average 0.68 per hour and tend to be Poisson-distributed. Travel and...

Q:

PRIPORTS Using Financial Statements and Budgets Austin Miller wishes to have $1,000,000 in a retirement fund 20 years from now. He can create the retirement fund by making a single lump sum deposit...

Q:

DSCI 2710 PRACTICE EXAM 2-A 1. One of the following statements is false and the other four are true. Identify the false statement. a. For two events, A and B, P(A and B) is equal to P(A)AP(B)...

Q:

P6 STEP BY STEP PLEASE. NEED WITHIN 72 HOURS (BEFORE THURSDAY EVENING, PLEASE) Question 1 Given/Gegee: Z ~ N(0, 1). 1.1 P(- 2.15 2.18) 1.3 P ( Z >1.5 ) 1.4 P...

Q:

Here's my question and I also attached the binomial distribution table to help! According to the CDC, in 2015 15% of high school students rode with a driver (in the last 30 days) who had been...

Q:

Between the three basic forms of business ownership, describe the ability of each form to access capital.

Q:

Let X and Y be two independent random variables. Given the marginal pdfs shown below, find the pdf of X + Y. In each case, check to see if X + Y belongs to the same family of pdfs as do X and Y. (a)...

Q:

Alan has AGI of $52,121 and has the following un-reimbursed employee job expenses: Business meals, $1,252; Tolls, $75; Parking, $195; Long distance (business) calls, $245; Gifts for clients, $35 per...

Q:

Why may there be conflict within the household as to how to allocate resources?

Q:

Mathematical models can help us estimate values that are difficult to measure. Consider again a bee sucking nectar from a flower, with F(t) = t / 0.5 + t. We also measure that the bee remains a...

Q:

We never showed that the value found in computing the optimal t with the Marginal Value Theorem is in fact a maximum. For each of the following forms for the function F(t), find the second derivative...

Q:

Animals must survive predation in addition to maximizing their rate of food intake. One theory assumes that they try to maximize the ratio of food collected to predation risk. Suppose that different...

Q:

If you require a real growth in the purchasing power of your investment of 5%, and you expect the rate of inflation over the next year to be 3%, what is the lowest nominal return that you would be...

Q:

Students in Professor Smiths business statistics course have evaluated the overall effectiveness of the professors instruction on a five point scale , where a score of 1 is indicates poor performance...

Q:

NPV and Payback Period Andouille Spices, Inc., has the following mutually exclusive projects available. The company has historically used a three-year cutoff for projects. The required return is 10...