A perpetuity is to pay $10,000 at the end of every six months. How much money is
Question:
A perpetuity is to pay $10,000 at the end of every six months. How much money is required to fund the perpetuity if the money can be invested to earn 4% compounded semiannually?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
Given Therefore 5000...View the full answer
Answered By
Santosh Kumar
I am deeply committed in research and published 20 research papers, article and chapters in international peer reviewed journals indexed in Scopus, ABDC etc. I have presented papers in national and international conference. I have organized 2 national conferences and workshop on Data Analysis techniques for decision Making using Statistical Software Tools. I got chance to attained FDP on Dynamic teaching through behavior management. Member of review committee and editor team of many journal of repute.
I worked with the best companies of Indian financial industry ICICI bank Ltd and Reliance Capital as Manager in Mumbai area along with foreign assignment.
I have acquired many professional certificate, Financial analytics from Wharton University of Pennsylvania, Understanding Financial market from University De Geneve, Global Financial Markets and Instruments from Rice university, Google Ad word analytics from Google, IIBF-certificates (Indian Institute of Banking and Finance) AMFI- Certified (Association of Mutual Fund in India), IRDA –Certified ( Insurance Regulatory Development Authority) and O- Level Certificate in SOFTWARE from “DOEACC” are some of them. I am thrilled and very happy to work for this position because my experience and mission perfectly matches.
0.00
0 Reviews
10+ Question Solved
Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
Question Posted:
Students also viewed these Mathematics questions
-
Payments of $1240 at the end of every six months will pay off the balance owed on a loan in 9 years. If the interest rate on the loan is 5.9% compounded semiannually, what is the current balance on...
-
If RRSP contributions of $3030.02 at the end of every six months are projected to generate a plan worth $500,000 in 25 years, what nominal and effective rates of return were assumed in the forecast?
-
If she contributes $800 to her savings at the end of every 3 months for the first 4 years of savings and $200 at the end of every month for the following five years, how close to her goal will she...
-
Midland Corporation has a net income of $19 million and 4 million shares outstanding. Its common stock is currently selling for $48 per share. Midland plans to sell common stock to set up a major new...
-
Repeat problem 10-1-26 [OCX] with R-12 as the working fluid. Problem 10-1-26 An ideal vapor-compression cycle uses R-134a as a working fluid and operates between the pressures of 0.1 MPa and 1.5 MPa....
-
1. Do you think that Google should have taken a different approach that would have allowed it to avoid litigation and a lengthy delay in implementing its Book Search Library Project?Please explain...
-
The hangers support the joist in such a way that the four nails on each hanger can be assumed to support an equal portion of the load. Determine the smallest diameter of the nails at A and B to the...
-
When Hurricane Katrina hit the Gulf Coast in 2005, Evangel Temple Assembly of God in Wichita Falls, Texas, contacted Wood Care Centers, Inc., about leasing a facility it owned to house evacuees from...
-
Explain how Organizational Behaviour theories and practices deal with the subject of stereotyping in an organizational setting.
-
If Req = 50 in the circuit in Fig. 2.105, find R?
-
How much will it cost to purchase a 20-year indexed annuity in which the end-of-quarter payments start at $5000 and grow by 2% compounded quarterly? Assume that the money used to purchase the annuity...
-
What minimum initial amount of money, invested today to earn 6% compounded monthly, will support a monthly payout of $500 for 3 1/2 years if the first payment occurs 2 years and 10 months from now?
-
The annual report for Target Corporation opens with a general description of business operations, risk factors, stock market registration, and selected financial data. This is followed by Managements...
-
Marginal costing base: Revenue-variable cost (manufacturing and non-manufacturing)=contribution-fixed cost=operating profit:
-
A Honey Corp sold another of its honey trucks for $8,000. They had accumulated $20,000 of depreciation on the truck and recognized a $1,000 gain when they sold it. How much did AA originally pay for...
-
If you used only a keyboard to enter data, how many years would it take to fill up a hard drive in a computer that can store 1.5 terabytes (1.5 10 bytes) of data? Assume 40-hour work weeks, and that...
-
Wildhorse Construction Company's cost of renting a crane for the last four months is as follows: Month Hours of Operation Rental Cost January 57 $3,400 February 64 3,500 March 67 3,820 April 62 3,400...
-
Rear disc brakes are being discussed. Technician A says that a stuck right rear caliper could cause a pull to the right when the brakes are applied. Technician B says that an overheated rear rotor...
-
Bellingham Company produces a product that requires 2.5 standard pounds per unit. The standard price is $3.75 per pound. If 15,000 units used 36,000 pounds, which were purchased at $4.00 per pound,...
-
Discuss the concept of the looking-glass self. how do you think others perceive you? do you think most people perceive you correctly?
-
Perform a one-way ANOVA to assess whether there are significant differences in mean change in percent stenosis among the four groups? Cardiovascular Disease A randomized trial examined the effects of...
-
Using the LSD method, identify which pairs of groups are significantly different? Cardiovascular Disease A randomized trial examined the effects of lipid-modifying therapy (simvastatin plus niacin)...
-
Are there significant interaction effects between simvastatin-niacin and antioxidants? What does an interaction effect mean in the context of this trial? Cardiovascular Disease A randomized trial...
-
4. The water in Earth's atmosphere blocks most of the infrared waves coming from space. In order to observe light of this wavelength, the Kuiper Airborne Observatory has been developed. The...
-
What amount of gain should Pharoah recognize on the exchange assuming lack of commercial substance?
-
If R1=7 Q, R2=3 Q, R3=9 Q, V= 12 V, and V2=8 V. Find the current (in A) that pass through R. R R R V V 2 +
Study smarter with the SolutionInn App