You are scheduled to receive $13,000 in two years. When you receive it, you will invest it

Question:

You are scheduled to receive $13,000 in two years. When you receive it, you will invest it for six more years at 9 percent per year. How much will you have in eight years?

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

Step by Step Answer:

Related Book For answer-question

Essentials Of Corporate Finance

ISBN: 9780073382463

7th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

See More Books

Question Posted: Jun 12, 2019 09:29 AM

See More Questions

You are scheduled to receive annual payments of $10,000 for each of the next 25 years. Your discount rate is 8.5%. What is the difference in the present value if you receive these payments at the...
You are scheduled to receive annual payments of $5,100 for each of the next 7 years. The discount rate is 10 percent. What is the difference in the present value if you receive these payments at the...
You are scheduled to receive a $500 cash flow in one year, a $1,000 cash flow in two years, and pay an $800 payment in three years. If interest rates are 10 percent per year, what is the combined...
Calculate the IRR for the following projects. a. An initial outflow of $15,220 followed by inflows of $5,000, $6,000, and $6,500. b. An initial outflow of $47,104 followed by inflows of $16,000,...
Which of the following subsets of Fare independent? (a) V= P2; {x2 - x + 3, 2x2 + x + 5, x2 + 5x + 1} (b) V = M22; (c) V = F[0, 1];
The accompanying table contains a portion of data from the National Longitudinal Survey (NLS), which follows over 12,000 individuals in the United States over time. Variables in this analysis include...
In the months leading up to the 2016 election, Christopher Steele, a former British intelligence agent, was hired by a Washington, D.C., research firm to investigate whether then-candidate Donald...
In Part V of the Pinnacle Manufacturing case, you prepared a performance format audit program. In Part VI, sample sizes will be determined by using nonstatistical or attributes sampling, and the...
Give an Example NoSQL and describes is history and evolution in relation to databases?
8. Reselect all cases. Then select only those cases for which X < 2, Y < 2, and Z < 2. Report the mean value of M for this sub-sample. O 1.31 O 0.375 O 840 3.36 Question 9 Q09. Reselect all cases....
You have just made your first $5,000 contribution to your individual retirement account. Assuming you earn a 10.5 percent rate of return and make no additional contributions, what will your account...
You expect to receive $25,000 at graduation in two years. You plan on investing it at 9 percent until you have $160,000. How long will you wait from now? (Better than the situation in Question 9, but...
It is estimated that 55% of the freshmen entering a particular college will graduate from that college in four years. a. For a random sample of 5 entering freshmen, what is the probability that...
Jonathan Shattuck had exchanged emails with the owner of a home in Marion Village in Massachusetts for the purchase of the home. Prior messages included a discussion of a settlement date, and the...
Question 1 and 2 Below Ferlito v. Johnson & Johnson Ferlito v. Johnson & Johnson Products, Inc. 771 F. Supp. 196 (U.S. District Ct., Eastern District of Michigan 1991) Gadola, J. Plaintiffs Susan and...
Answer All Questions In Own Wording Throughly LINK SOURCES THE COMPANY I CHOSE IS SHOPIFY 1. In Canada, which federal act or law regulates the creation of corporations? Provide a definition of a...
You oversee the social media accounts of a holiday resort chain. The newest resort has generated a lot of word of mouth on social media, including negative, so much so that the CEO is considering...
Write a 2-page paper on the following topic: Why Does Discrimination Still Occur? This paper is to focus on the reasons discrimination still happens in the workplace and the causes involved. By 2020...
Married taxpayers Otto and Ruth are both self-employed. Otto earns $352,000 of self-employment income and Ruth has a self-employment loss of $13,500. How much Medicare surtax for high-income...
The May 2014 revenue and cost information for Houston Outfitters, Inc. follow: Sales Revenue (at standard).............. $ 540,000 Cost of Goods Sold (at standard) ..........341,000 Direct Materials...
Payback and Internal Rate of Return A project has perpetual cash flows of C per period, a cost of I, and a required return of R. What is the relationship between the projects payback and its IRR?...
Payback and Internal Rate of Return A project has perpetual cash flows of C per period, a cost of I, and a required return of R. What is the relationship between the projects payback and its IRR?...
Capital Budgeting Problems What difficulties might come up in actual applications of the various criteria we discussed in this chapter? Which one would be the easiest to implement in actual...
During the first quarter of the year, Coronado Industries generated sales revenue of $1260000 on sales of 60000 units of its wireless earbuds. The break-even point is 30000 units. What is the...
In the Depreciation Recapture Example, if Mike sells the property for $350,000, how much income would he realize?
What impact do leadership styles and behaviors have on team-building outcomes, and how can leaders adapt their approach to leadership to accommodate diverse team compositions, work contexts, and...

You are scheduled to receive $13,000 in two years. When you receive it, you will invest it

Question:

Step by Step Answer:

Even though we need to calculate the value in eight years we wil...View the full answer

Essentials Of Corporate Finance

Students also viewed these Business questions