Find the present value that will grow to $25,000 if interest is 3.2% compounded quarterly for 11
Question:
Find the present value that will grow to $25,000 if interest is 3.2% compounded quarterly for 11 quarters.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
Use the compound interest formula ...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
College Algebra
ISBN: 978-0134697024
12th edition
Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels
Question Posted:
Students also viewed these Mathematics questions
-
Find the present value that will grow to $45,000 if interest is 3.6% compounded monthly for 1 yr.
-
Solve the problem. Find the present value that will grow to $5000 if interest is 3.5% compounded quarterly for 10 yr.
-
Find the present value of an annuity due that pays $25,000 every 6 months for the next 212 years if money is worth 6.2%, compounded semiannually?
-
Write a method \(\max ()\) that takes the first Node in a linked list as its argument and returns the value of the maximum item in the list. Assume that all items are positive integers, and return 0...
-
Maggie's Muffins Bakery generated $5,000,000 in sales during 2016, and its year-end total assets were $2,500,000. Also, at year-end 2016, current liabilities were $1,000,000, consisting of $300,000...
-
This table shows the distribution of winning times in the Kentucky Derby (a horse race) over 87 years. (a) From the grouped data, calculate the mean. Show your calculations clearly in a worksheet....
-
Although an auditor reaches an opinion on financial statements as of the last day of a client's fiscal yearfor example, December 31the auditor is also responsible for material transactions or events...
-
During 2014, Fargo Company purchased land for $375,000. It paid $125,000 in cash and signed a $250,000 mortgage for the rest. The company also sold for $95,000 cash a building that originally cost...
-
For each data set below, determine the mathematical expression. To do this, first graph the original data. Assume the 1st column in each set of values to be the independent variable and the 2nd...
-
A burger restaurant buys top-grade ground beef for $3 per kg. A large sign over the entrance guarantees that the meat is fresh daily. Any leftover meat is sold to the local high school cafeteria for...
-
Solve each problem. Future Value Find the future value and interest earned if $56,780 is invested at 2.8% compounded (a) quarterly for 23 quarters (b) continuously for 15 yr.
-
Solve each problem. Find the required annual interest rate to the nearest tenth of a percent for $65,000 to grow to $65,783.91 if interest is compounded monthly for 6 months.
-
A tank having vertical sides and a bottom area of 100 ft 2 is used to store water. The tank is initially empty. To fill the tank, water is pumped into the top at the rate given in the following...
-
Company A has been paying a $2 dividend each year to its common stockholders for the last 10 years. The company announces today stockholders will see the dividend grow by 4% three years from now. The...
-
What is the dividend on a stock expected to be in 1 year if the dividend is annual, the expected rate of return is 1057% per year, the dividend is expected to remain unchanged forever, and the stock...
-
Cake Queen needs to raise $6 million for expansion and decides to issue long-term bonds. The financial manager hires an investment banking firm to help design the bond issue and underwrite it. The...
-
Folic Acid Inc. has $44 million in earnings, pays $5.4 million in interest to bondholders, and $3.2 million in dividends to preferred stockholders. What are the common stockholders' residual claims...
-
What is the amount invested in a bank for 864 days, and simple interest of 9.1 per cent per annum is charged, the total amount at the end of the period will be 1369.1?
-
The rigid lever arm is supported by two A-36 steel wires having the same diameter of 4 mm. Determine the smallest force P that will cause (a) Only one of the wires to yield; (b) Both wires to yield....
-
How can NAFTA be beneficial to suppliers of Walmart?
-
Determine if f is one-to-one. You may want to graph y = f(x) and apply the horizontal line test. f(x) = x
-
Find C and a so that f(x) = Ca x satisfies the given conditions. f(1) = 3 and for each unit increase in x, the output is multiplied by 3/4.
-
Determine if f is one-to-one. You may want to graph y = f(x) and apply the horizontal line test. f(x) = |x-1|
-
In January 2023, Marty's Fine Pens, a business carried on as a sole proprietorship, sells a limited-edition fountain pen for $125,000. The cost of the pen is $63,000. There is a down payment of...
-
An 90000 loan is amortized by payments of $1850 at the end of every 6 months at a rate of 2% compounded monthly 1. Construct a partial amortization schedule showing the last 2 payments 2. determine...
-
Kelso's has a return on equity of 15.2 percent, a debt-equity ratio of 44 percent, a capital intensity ratio of 1.08, a current ratio of 1.25, and current assets of $138,000. What is the profit...
Study smarter with the SolutionInn App