Find the present value of an $8000 payment to be made in 5 years. The interest rate
Question:
Find the present value of an $8000 payment to be made in 5 years. The interest rate is 4% per year compounded continuously.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
We have Future value ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Applied Calculus
ISBN: 9781119275565
6th Edition
Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale
Question Posted:
Students also viewed these Mathematics questions
-
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
-
Find the present value of $40,000 due in 4 years at the given rate of interest 8%/year compounded monthly. A. The present value is $28,948.67. B. The present value is $29,433.94. C. The present value...
-
In this project, you play the role of a financial advisor. In particular, you will advise a client regarding her annuities. Let (r) represent the rate of payment (income received) in dollars per year...
-
In preparing the consolidation worksheet for Bolger Corporation and its 60 percent owned subsidiary, Feldman Company, the following elimination entries were proposed by Bolgers bookkeeper: Bolger's...
-
The following table lists overall quality scores and prices for a gallon of exterior paints. Do these data suggest that you can get better quality by spending more? Use the rank correlation...
-
Ornamental Sculptures Mfg. manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $3 per pound and 0.5 direct labor hours at a rate of $18 per hour....
-
Develop a structured and an unstructured questionnaire to measure the importance of online retail shopping for working mothers. Distribute a copy of each to 10 different individuals and compare your...
-
Kansas Furniture Mart had sales of $1,150,000 during 20X1, including $600,000 of sales on credit. Balances on December 31, 20X0, were Accounts Receivable, $120,000, and Allowance for Bad Debts,...
-
Suppose a 20-year Treasury bond with 5% semiannual coupon is currently traded at a yield of 6% (APR). 1) Is the price above or below 100? 2) What is the current price of the bond? 3) If the yield...
-
An Australian study found that, if other factors are constant (education, experience, etc.), taller people receive higher wages for the same work. The study reported a height premium for men of 3% of...
-
The demand and supply curves for a product are given in terms of price, p, by q = 2500 20p and q = 10p 500. (a) Find the equilibrium price and quantity. Represent your answers on a graph. (b) A...
-
What is the coefficient of determination and what does it tell us about the relationship between two variables?
-
The employees of Powder Power Tools Corp. were represented by a labor union that had negotiated an agreement covering pay rates. A number of employees did not receive the higher rates of pay specifi...
-
A companys estimated growth rate in dividends is 6%, its current stock price is $40, and its expected annual dividend is $2. Using the dividend growth approach, what is the firms r s ?
-
Westerfi eld contracted with Bradley Building Company for the construction of a ranch house as a wedding gift for his daughter. Before construction began, Westerfi eld died and Bradley announced that...
-
Suppose a company will issue new 20-year debt with a par value of $1,000 and a coupon rate of 9%, paid annually. The issue price will be $1,000. The tax rate is 40%. If the flotation cost is 2% of...
-
Shi Import-Exports balance sheet shows $300 million in debt, $50 million in preferred stock, and $250 million in total common equity. Shis tax rate is 40%, r d = 6%, r ps = 5.8%, and r s = 12%. If...
-
A beekeeper lives adjacent to an apple orchard. The orchard owner benefits from the bees because each hive pollinates about one acre of apple trees. The orchard owner pays nothing for this service,...
-
Which of the companies has the lowest accounts receivable turnover in the year 20X2? a. Company A. b. Company B. c. Company C. d. CompanyD. 20X1 20X2 Credit Sales Average Receivables Balance $1.0...
-
The function f (r), which gives the cost (in cents) of constructing a 100-cubic-inch cylinder of radius r inches. The graph of f (r) is shown in Fig. 16. Interpret the fact that the point (3, 162) is...
-
Evaluate each of the functions at the given value of x. f (x) = |x|, x = -2.5
-
Let f (x) = x 2 . Graph the functions f (x) + 1, f (x) - 1, f (x) + 2, and f (x) - 2. Make a guess about the relationship between the graph of a general function f (x) and the graph of f (x) + c for...
-
Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Required: 1. Compute...
-
ces Direct labor-hours Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour 35,000 Department Molding...
-
Define what is meant by an asset and a liability. Give an example of each.
Study smarter with the SolutionInn App