Calculate the present value of a four-month non-interest-bearing note for $2500 issued June 10, 2021, if money
Question:
Calculate the present value of a four-month non-interest-bearing note for $2500 issued June 10, 2021, if money is worth 6.15%, on July 20, 2021.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
The present value formula is PVFV1i n where you divide the future value FV by a f...View the full answer
Answered By
Marvine mabiya
i am a graduate of kirinyaga university degree of statistics
0.00
0 Reviews
10+ Question Solved
Related Book For
Contemporary Business Mathematics With Canadian Applications
ISBN: 9780135285015
12th Edition
Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday
Question Posted:
Students also viewed these Mathematics questions
-
Multiple Choice: Select the best answer and place it on the line next to the question number. ____ 1. Bond X and Bond Y are both issued by the same company. Each of the bonds has a maturity value of...
-
1. Suppose someone offered you your choice of two equally risky annuities, each paying $5,000 per year for 5 years. One is an annuity due, while the other is a regular (or deferred) annuity. If you...
-
Calculate the present value of a $150,000, 7%, 10-year bond that pays $10,500 ($150,000 7%) interest annually, if the market rate of interest is 7%. Use Exhibits 3 and 4 for computing present values.
-
A department store is being planned for a new shopping mall. Using the information in Table 4.8, assign departments to locations in order to minimize traffic flow through the store. TABLE 4.8...
-
What is the range of average monthly precipitation in this temperate deciduous forest? How does this compare to precipitation fluctuations in a temperate rain forest (facing page)?
-
If the length of a wire is increased by a factor of 4, by what factor does the resistance change?
-
Explain the following terms related to I.C. engines : (a) Piston speed (b) Compression ratio (c) Brake power (d) Brake thermal efficiency
-
What are the major SWOTs at COMPTECH? Use information from the chapter to determine the internal issues that will need attention. Review recent business trends in the retail computer sales sector and...
-
Consider the spring assembly shown in Fig. ( a ) Obtain the global stiffness matrix for the full spring assembly. Take the determinant of the matrix you obtained ( you can do this using software, e ....
-
Mr. Thompson is a businessman. He started a business five years ago and it has increased in size gradually for its continuous success. Thompson Inc. is a private company and it uses ASPE for...
-
What is the face value of a three-month promissory note dated June 18, 2022, with interest at 4.5%, if its maturity value is $950.89?
-
Determine the maturity date for a 180-day non-interest-bearing note for $7200 issued on February 20, 2024. Then, calculate the present value on June 1, 2024, if money is worth 5.64%.
-
We can show a connection between dividing one polynomial by another and factoring the first polynomial. Let (x) = 2x 2 + 5x - 12. Work Exercises in order. Evaluate (-4).
-
The Hat Store had the following series of transactions for Year 2 Date January 1 March 15 May 30 August 10 November 20 Required Transaction Beginning inventory Purchased Sold Purchased Sold...
-
A recent graduate, 25 years old, is starting a career with an engineering firm. She intends to deposit a portion of her annual salary into an investment plan that returns 8% annually. Of the two...
-
Management has requested that you help identify and advise them about training for one of the tickets, licences or permits you mentioned within your report. ... Preferred Training Providers V2.4...
-
Jenna is a single taxpayer. During 2 0 1 8 , she earned wages of $ 1 3 1 , 0 0 0 . She does not itemize deductions, so she will take the standard deduction to calculate 2 0 1 8 taxable income. In...
-
6. A 120 V source is connected to a 300 W resistor. Find the resistance 7. If electricity costs 5 cents per kWhr, how much will it cost to run the 300 Watt circuit in question # 46 for an entire 24...
-
Refer to Apple's statement of cash flows in Appendix A. (a) Which method is used to compute its net cash provided by operating activities? (b) Its balance sheet shows a decrease in accounts...
-
The executor of Gina Purcells estate has recorded the following information: Assets discovered at death (at fair value): Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....
-
Sam purchased two items for a total of $821.40. The first item is GST exempt and it represents 29% of the total purchase price. Assuming that he lives in British Columbia, what is the total amount of...
-
On a trip, a motorist purchased gasoline as follows: 56 litres at $0.99 per litre; 64 litres at $1.065 per litre; 70 litres at $1.015 per litre; and 54 litres at $1.045 per litre. (a) What was the...
-
You bought two items for a total of $78.92. The first item is GST exempt and it represents 25% of the total purchase price. Assuming that you live in the Northwest Territories, what is the total...
-
You will modify the add method in the LinkedBag class. The add method is the only thing you should modify in LinkedBag. Add a second parameter to the method header that will be a boolean variable:...
-
Generate Random Decals is primitive please fix that as well As a license plate number, integers are to be used. Positive numbers add a car, negative numbers remove a car, zero stops the...
-
Describe the competitive positions in the drone industry and assess the opportunities for at least three positions in the industry.
Study smarter with the SolutionInn App