A payment of $1300 is scheduled for a date 3 years from now. What would be

Question:

A payment of $1300 is scheduled for a date 3 ½ years from now. What would be an equivalent payment 9 months from now, if money is worth 5.5% compounded quarterly?

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

Step by Step Answer:

Related Book For book-img-for-question

Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

See More Books

Question Posted: Jan 20, 2016 07:22 AM

See More Questions

A $5000 payment is scheduled for 120 days from now. If money can earn 7.25%, calculate the payments equivalent value at each of nine different datestoday and every 30 days for the next 240 days.
Scheduled payments of $800 due two months ago and $1200 due in one month are to be repaid by a payment of $1000 today and the balance in three months. What is the amount of the final payment if...
Scheduled payments of $400 due today and $700 due with interest at 4.5% compounded monthly in eight months are to be settled by a payment of $500 six months from now and a final payment in 15 months....
Sarah is confused about the difference between the perimeter and the area of a polygon. Explain the two concepts and the distinction between them.
Are International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) considered authoritative by the Codification?
The demand function of a good is given by P = 100e 0.1Q Show that demand is unit elastic when Q = 10.
What are the primary purposes of ESS and MSS? What are the advantages and disadvantages of each?
Identify the factors that may have contributed to the alleged flaws in the audit procedures that PwC applied in testing the year-end market values of the Lipper hedge funds investments. Discuss...
Subject is Customer Experience Design and this question is asked by prof at centennial college for corporate account management course. Read Online: United Crew Tells Mom That Her Crying Baby is...
Large Ltd. purchased 80% of Small Company on January 1, Year 6, for $800,000, when the statement of financial position for Small showed common shares of $490,000 and retained earnings of $190,000. On...
What amount, 1 years from now, is equivalent to $7000 due in 8 years, if money can earn 6.2% compounded semiannually?
What amount 15 months ago is equivalent to $2600, 1 years from now? Assume money can earn 5.4% compounded monthly.
Helen Cottee visited Franklin's Hardware Store and purchased a number of items. Because of the size and weight of those items, a store clerk provided Helen with a shopping cart to allow her to more...
What infrastructure resource cannot be provisioned in OCI? A. NVMe storage B. Networks C. CPU and RAM D. KVM switches
Which of the following compute images may be used to create a compute instance? A. Oracle and Platform images B. Boot volumes and Partner images C. Paravirtualized machines D. OVA format images
Match each type of visual receptor with its function. a. rods 1. b. cones 2. used for dim light, largely insensitive to color detect color, good in bright light
At what age do children generally begin to acquire an emotional attachment to their fathers?
Checks are processed more quickly by banks because of new regulations. Your Task. Business writing is more forceful when it uses active-voice verbs. Revise the following sentences so that verbs are...
Use an iterated integral to find the area of the region bounded by the graphs of the equations. 2x - 3y = 0, x + y = 5, y = 0
When a company has a contract involving multiple performance obligations, how must the company recognize revenue?
The interest rate is 16%per year and there are 48 compounding periods per year. The principal is $50,000. What is the future worth in 5 years?
A 20-year-old student decided to set aside $100 on his 2pt birthday for investment. Each subsequent year through his 55th birthday, he plans to increase the sum for investment on a $100 arithmetic...
You have an opportunity to purchase a piece of vacant land for $30,000 cash. If you buy the property, you plan to hold it for 15 years and then sell it at a profit. During this period, you would have...
How may price floors and ceilings destroy market equilibrium? How does the shape of the indicator line on the graph show diminishing returns? Monthly rent A Price Ceiling on Rent B $900 $800...
Provide a comprehensive analysis of the regulatory frameworks governing financial institutions, delineating the intricate interplay between prudential supervision, market conduct standards, and...
How does the forum meet organisational objectives? What vocabulary, tone, structure and style suits the audience? How will I: build trust develop positive working relationships ...

A payment of $1300 is scheduled for a date 3 years from now. What would be

Question:

Step by Step Answer:

Given FV 1300 i 554 1375 Wi...View the full answer

Business Mathematics In Canada

Students also viewed these Corporate Finance questions