The present value of $3,000 at the end of seven years at 8% interest is a. $2,228.
Question:
The present value of $3,000 at the end of seven years at 8% interest is
a. $2,228.
b. $1,749.
c. $3,000.
d. $15,618.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
b ...View the full answer
Answered By
Carly Cimino
As a tutor, my focus is to help communicate and break down difficult concepts in a way that allows students greater accessibility and comprehension to their course material. I love helping others develop a sense of personal confidence and curiosity, and I'm looking forward to the chance to interact and work with you professionally and better your academic grades.
4.30+
12+ Reviews
21+ Question Solved
Related Book For
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
Question Posted:
Students also viewed these Business questions
-
The Coca-Cola Company is a global soft-drink beverage company that is a direct competitor with Starbucks. The data in Chapter 12, Exhibits 12.14 through 12.16 (pages 806-809), include the actual...
-
The investment committee of Grid Iron Restaurants Inc. is evaluating two restaurant sites. The sites have different useful lives, but each requires an investment of $565,000. The estimated net cash...
-
The Grant Wood Arts Association had the following trial balance as of January 1, 2012, the first day of the year: During the year ended December 31, 2012, the following transactions occurred: 1. Cash...
-
A triangular truss structure is shown below. If all truss members are 2.0 m long (a, b, & c in the sketch) and forces L and Rare both 8.0 kN, then what is the force in truss member a? Assume that the...
-
Two intersecting planes in 3-space determine two angles of intersection: an acute angle (0 x = 0 and 2x - y + z - 4 = 0 Plane I 180e - Plane 2
-
Sketch the graphs of the given functions by using the vertex, the y-intercept, and one or two other points. y = x 3x 2
-
Barbara Vigil, Chief Justice, New Mexico Supreme Court Ken Badilla bought a pair of Brahma brand work boots from Wal-Mart on October 19, 2003. The boots packaging had these express descriptions: iron...
-
Each year near the balance sheet date, when the president of Bargon Construction, Inc. takes a 3-week vacation to Hawaii, she signs several checks to pay major bills during the period she is absent....
-
Map the EER model of the following databases, to a relational model. Show all integrity types(Clarify your answer by underline the Primary key, and dotted line the Foreign Key). (a) International...
-
Jill Nicholas is concerned about BackPacks corporate image and has decided against using hires and fires. Instead, she has asked you to consider a chase aggregate plan using the current workforce...
-
Hodson Corp. purchased ten $1,000 8% bonds of Eagle Corporation when the market rate of interest was 6%. Interest is paid semiannually, and the bonds will mature in four years. Using the PV function...
-
What is the present value of bonds with a face value of $6,000, a stated interest rate of 7%, a market rate of 5%, and a maturity date three years in the future? Interest is paid semiannually. Use...
-
Following are extracts from Cisco Systems 2000 and 2002 Annual Reports. In your own words, describe the effects of ESOs on Ciscos taxes from 2000 to 2002.
-
Assess your individual capability for project teamwork. Tell why you feel you are strong in certain capabilities and give strategies for improving in areas you feel you need to develop.
-
The largest healthcare system in the Intermountain area, Intermountain Healthcare, Inc. (IHC), consisted of 25 hospitals, 225 clinics, and SelectHealth, an insurance company with more than 900,000...
-
What are the advantages of completing the define activity process after creating the WBS?
-
Select a healthcare company with which you either are reasonably familiar or on which significant public information is available, and perform a PEST analysis.
-
All of these are techniques for managing project conflicts except: a. smooth/accommodate b. withdraw/avoid c. collaborate/problem solve d. none of the above
-
A firm is considering an investment in a new machine with a price of $15.6 million to replace its existing machine. The current machine has a book value of $5.4 million and a market value of $4.1...
-
Determine the resultant moment produced by the forces about point O. 0.25 m 0.125 m, 0 0.3 m- 60 F = 500 N F = 600 N
-
Candleton borrowed cash, signing a two-year, interest-bearing note payable with a face value of $8,000 and an effective interest rate of 8 percent. Interest payments on the note are made annually....
-
On January 1, 2012, Wilmes Floral supplies borrowed $2,413 from Bower Financial Services. Wilmes Floral Supplies gave Bower a $2,500 note with a maturity date of December 31, 2013. The note specified...
-
Morrow Enterprises purchased a building on January 1, 2012, in exchange for a three-year, non-interest bearing note with a face value of $693,000. Independent appraisers valued the building at...
-
Using two-way Set-Associative mapping method, design two-way mapping for cache memory from main memory. Explain why you need each condition and show all intermediate calculation procedures. You must...
-
18) Under the proration approach, the sum of the amounts shown in the subsidiary ledgers will not match the amounts shown in the general ledger because no adjustments from budgeted to actual...
-
Simpson Auto Body Repair purchased $20,000 of Machinery. The company paid $8,000 in cash at the time of the purchase and signed a promissory note for the remainder to be paid in four monthly...
Supreme Audit Institutions Accountability For Development 1st Edition - ISBN: 3848710714 - Free Book
Study smarter with the SolutionInn App