How many days separate equivalent payments of $2755.20 and $2740.00 if money can earn 4 %?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (16 reviews)
Increase in nominal val...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
If money is worth 8% compounded quarterly, how long (to the nearest day) before a scheduled payment of $6000 will $5000 be an equivalent payment? For the purpose of determining the number of days in...
-
Tyva makes a very popular undyed cloth sandal in one style, but in Regular and Deluxe. The Regular sandals have cloth soles and the Deluxe sandals have cloth-covered wooden soles. Tyva is preparing...
-
Community Care Services (CCS) is a not-for-profit organization formed in January 2013 and is located in the rural community of Thomas County. CCS is dedicated to serving the needs of seniors. CCSs...
-
a) Analysts attempt to value ordinary shares, in order to determine if market values are correct. Identify and describe the more common methods of valuation. Include a detailed explanation of the...
-
Select the best answer for each of the following items: 1. When used in fund accounting, the term fund usually refers to (a) A sum of money designated for a special purpose. (b) A liability to other...
-
Show that I 3 A = A for i 0 07 -2 4 and I3 9. 3 5 13 =| 0 1 0 8 -6
-
Explain the lifetime of an object. Provide an example.
-
Hayes (2000) took a stratified sample of New York City food stores. The sampling frame consisted of 1408 food stores with at least 4000 square feet of retail space. The population of stores was...
-
COMPLETE PART B AND USE NEWTON RAPHSON ITERATION METHOD SO SOLVE WHAT IS a and b. The answer should be 0.79 and 0.19 ish Question 1 Box-shaped design are commonly seen for small satellites. The...
-
Kitchen Electrics uses a perpetual inventory system. The following are three recent merchandising transactions: Apr. 10 Purchased 10 refrigerators from Polar Co. on account. Invoice price, $600 per...
-
An early payment of $4574.73 was accepted instead of a scheduled payment of $4850.00, allowing for interest at the rate of 8 %. How many days early was the payment?
-
If money can be invested at 0.6% per month, which has the greater economic value: $5230 on a specific date or $5500 exactly five months later? At what rate (per month) would the two amounts be...
-
(a) When the ac generator in FIGURE 24-34 operates at high frequency, is the rms current in the circuit greater than, less than, or the same as when the generator operates at low frequency? In figure...
-
Suppose that we run the sliding window algorithm with SWS = 5 and RWS = 3, and no out-of-order arrivals. (a) Find the smallest value for MaxSeqNum. You may assume that it suffices to find the...
-
The investment cost of a flood prevention project is EUR 400 million. The annual net benefit will depend on the amount of rainfall: EUR 10 million in a normal year, EUR 25 million in a flood year....
-
Give an example of an arrangement of routers grouped into autonomous systems so that the path with the fewest hops from a point A to another point B crosses the same AS twice. Explain what BGP would...
-
Use the whois utility/service to find out who is in charge of your site, at least as far as the InterNIC is concerned. Look up your site both by DNS name and by IP network number; for the latter, you...
-
The mpeg_stat program can be used to display statistics for video streams. Use it to determine, for several streams: (a) number and sequence of I, B, and P frames, (b) average compression rate for...
-
Find the Jacobian for the indicated change of variables. If then the Jacobian of x, y, and z with respect to u, v, and w is x = 4u - v, y = 4v - w, z = u + w a(x, y, z) d(u, v, w)
-
Why do markets typically lead to an efficient outcome for buyers and sellers?
-
Solve the following equations. The solutions to should be accurate to the cent. 10a / 2.2 + (2.2) 2 = 6 + a (2.2) 3
-
Solve the following equations. 3.5 / x 1 = 2.5
-
Evaluate each of the following expressions to six-figure accuracy. (1.005) 3 (1.005) 6
-
Discuss the key features of the following associated with the financial service industry: Financial products and services of the organisation Financial agency agreements Financial industry codes of...
-
You are building an apartment complex with 80 three-bedroom units near the downtown office district. The designers estimate that there will be on average 3.5 occupants in each apartment. A. Calculate...
-
The field team sends an update to the project manager letting him know that there were 12 employees at the project site, there were no accidents this week and no issues to report, and that the team...
Study smarter with the SolutionInn App