A $5000 payment is scheduled for 120 days from now. If money can earn 7.25%, calculate the
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (10 reviews)
Equivalent value 488360 today 491219 in 30 days ...View the full answer
Answered By
Jehal Shah
I believe everyone should try to be strong at logic and have good reading habit. Because If you possess these two skills, no matter what difficult situation is, you will definitely find a perfect solution out of it. While logical ability gives you to understand complex problems and concepts quite easily, reading habit gives you an open mind and holistic approach to see much bigger picture.
So guys, I always try to explain any concept keeping these two points in my mind. So that you will never forget any more importantly get bored.
Last but not the least, I am finance enthusiast. Big fan of Warren buffet for long term focus investing approach. On the same side derivatives is the segment I possess expertise.
If you have any finacne related doubt, do reach me out.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Lapps Inc. makes a gift product that sells best during the holiday season. Retailers stock up in the fall so Lappss sales are largest in October and November and drop dramatically in December. The...
-
Rick bought a bond when it was issued by Macroflex Corporation 14 years ago. The bond, which has a $1,000 face value and a coupon rate equal to 10 percent, matures in six years. Interest is paid...
-
Part A In late 2010, the Nicklaus Corporation was formed. The corporate charter authorizes the issuance of 5,000,000 shares of common stock carrying a $1 par value, and 1,000,000 shares of $5 par...
-
The condensed balance sheet and income statement data for Cardinal Corporation are presented below. Additional information: 1. The market price of Cardinal common stock was $5.00, $3.50, and $2.30...
-
Following is the preclosing trial balance for the General Fund of the City of Doyle. Required: Prepare in general journal form the closing entries for the General Fund of DoyleCity. Doyle City The...
-
The Income and Expenditure Account of the Women Club for the Year ended on December 31, 2021 is as follows. Income 47,500 By Subscription 5,000 By Entrance Fees 2,500 By Contribution for Annual...
-
2. The NZ$120,000 cost of sales consists of NZ$50,000 inventory on hand at January 1, 2016, and NZ$100,000 in purchases during the year, less NZ$30,000 ending inventory that was acquired when the...
-
The following data were taken from the 2009 and 2008 financial statements of American Eagle Outfitters. (All dollars are in thousands.) InstructionsPerform each of the following.(a) Calculate the...
-
On the Milan Stock Exchange (MIL), Fiat stock closed at 5.84 EUR per share on Thursday, March 3, 2005. Fiat trades as and ADR on the NYSE. One underlying Fiat share equals one ADR. On March 3, the...
-
Determine the result of the scrambling of the sequence 101000000001 using B8ZS and HDB3 scrambling techniques. Assume that the last non-zero signal level was positive. Draw the resulting signal.
-
Nicholas can purchase the same furniture from Store A for $2495 cash or from Store B for $2560 with nothing down and no payments or interest for 8 months. Which option should Nicholas choose if he...
-
During its 50-50 Sale, Marpole Furniture will sell its merchandise for 50% down, with the balance payable in six months. No interest is charged for the first six months. What 100% cash price should...
-
FIFO method (continuation of 4-19). (20 minutes) REQUIRED Do Problem 4-19 using the FIFO method of process costing. Explain any difference between the cost of work completed and transferred out and...
-
Describe how the ideas within this Preamble align with your own personal values and career goals as a social work professional.
-
Maersk managers are adapting with various types of industry and market changes to nurture a contemporary approach to management . Analyze the various contemporary management practices of Maersk.
-
then P Let p 2 be an integer such that for any a, b integers, if divides a or p divides b. Show that p is prime. P divides ab
-
For Q2, you will use logistic regression to segment customers into two classes. This question is adapted from a Kaggle contest to evaluate current customers for an auto dealership that is opening a...
-
Figure how to fill out the rest Cash Budget 2018 Cash Balance, Beginning $ Q1 50,000 Q2 Q3 Q4 Cash Collections Cash Available 2,599,218 2,649,218 Manufacturing Outflows: Direct Materials 1,645,183...
-
What is the relationship between the interest rate and number of years on an amortized loan and the total amount of interest paid?
-
Using Gauss-Jordan elimination, invert this matrix ONLY 0 0 0 0 1
-
Account for and report nonstrategic investments. - Nonstrategic investments are often made to earn investment income on excess cash balances. - Nonstrategic investments may consist of debt or equity...
-
Solve the following equations. 3y 4 = 3(y + 6) 2(y + 3)
-
Normans Gourmet Tea wants to prepare a custom tea blend using a mixture of mint tea leaves that cost $0.202 per gram and chamomile tea leaves that cost $0.158 per gram. Normans wants to prepare 2 kg...
-
Evaluate each of the following expressions to six-figure accuracy. 8 4 / 3
-
The tolal landed coet with the order gaantly sire of 6,000 unts is 4 (Enter your response roundod to the nearest dolar)
-
Boyne Inc. had beginning inventory of $12,000 at cost and $20,000 at retail. Net purchases were $120,000 at cost and $170,000 at retail. Net markups were $10,000, net markdowns were $7,000, and sales...
-
Apple inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In milions, except number of shares which are reflected in thousands and par value) LABILITES AND SHAREHOLDERS' EQUITY: Current...
Study smarter with the SolutionInn App