If you have $1,490 today, how much will it be worth in six years at 9 percent
Question:
If you have $1,490 today, how much will it be worth in six years at 9 percent per year compounded continuously?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Future Value Formula A P 1 r100 n Where A Future value of the investm...View the full answer
Answered By
Stephen Mwaura
I am a graduate with over 8 years freelance experience in writing, editing and proof-reading academic papers,SEO CONTENT and general articles. I am familiar with all major citation practices such as APA, MLA, Harvard and Chicago/Turabian. I have successfully completed, proofread and edited numerous SEO articles, term papers, essays, thesis and dissertations on different disciplines for hundreds of clients.
I am thorough in my research and I flawlessly adapt to any topic and style of writing. I am a firm believer in delivery beyond expectations and meeting the highest standards of work . As a perfectionist, I never compromise on quality, whatever the size of the task.
0.00
0 Reviews
10+ Question Solved
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Question Posted:
Students also viewed these Business questions
-
If you have $1,275 today, how much will it be worth in six years at 8 percent per year compounded continuously?
-
How much will it cost to borrow money? Most debt requires periodic payments of principal and interest. Consequently, debt often involves computations of annuities, particularly the present value of...
-
How much will it cost (in Canadian funds) to purchase 2000 worth of travellers cheques if the commission rate for this quantity of cheques is 0.5%?
-
Featherstone Inc. reported the following data: Net income ................................... $296,000 Depreciation expense ................... 113,100 Gain on disposal of equipment ...... 58,500...
-
Ionization of the first proton from H2SeO4 is complete (H2SeO4 is a strong acid); the acid ionization constant for the second proton is 1.2 102. (a) What would be the approximate hydronium-ion...
-
Alex, Alicia, and Juan fill orders in a fast-food restaurant. Alex incorrectly fills 20% of the orders he takes. Alicia incorrectly fills 12% of the orders she takes. Juan incorrectly fills 5% of the...
-
The CFO of your firm has asked you for an approximate answer to this question: What was the increase in real purchasing power associated with both 3-month Treasury bills and 30-year Treasury bonds?...
-
What is the product unit cost for Job SZ, which consists of 600 units and has total manufacturing costs of direct materials, $4,800; direct labor, $7,200; and overhead, $3,600? What are the prime...
-
3. As. Mr. Cartwright's financial advisor, would you urge him to go ahead with, or to reconsider, his anticipated expansion and his plans for additional debt financing? As the banker, would you...
-
1. Read the accounts receivable narrative (AR.1.1) and review the sales and accounts receivable flowchart (AR.1.2). Review the narrative and flowchart to identify all of the internal control...
-
Consider the following project of Hand Clapper, Inc. The company is considering a four-year project to manufacture clap-command garage door openers. This project requires an initial investment of $12...
-
Exotic Cuisines, Inc., a restaurant chain that just went public last year. The companys restaurants specialize in exotic main dishes, using ingredients such as alligator, bison, and ostrich. A...
-
Determine the moments at B and C, then draw the moment diagram for the beam. Assume C is a fixed support. EI is constant. 12 kN 8 kN/m A. 4 m- -4 m- 6 m-
-
Explain the concept of goodwill in accounting terms. What are the types of financial statements typically prepared by a company?
-
When it comes to investment decisions, a financial advisor must evaluate the client's investment goals. They also must evaluate the client's willingness to handle the ebbs and flows that come with...
-
Describe the role of auditors in financial reporting and accounting practices. What is the difference between an income statement and a cash flow statement?
-
6. Consider the following binary tree - Answer the following questions. a. Find LA, the node in the left subtree of A. b. Find R, the node in the right subtree of A. c. Find R, the node in the right...
-
Consider the following data for Wooster Company. Total variable manufacturing costs, including direct material costs, were $3 per unit; the standard production rate was 10 units per machine hour. For...
-
The Fundamental Theorem of Algebra, [22], states that a non-zero polynomial of degree n has at most n distinct real roots p(x) = 0. Use this fact to prove linear independence of the monomial...
-
Using the information presented in Problem 13.4B, prepare a partial statement of cash flows for the current year, showing the computation of net cash flows from operating activities using the...
-
In 2009 and 2010, investment banks were under fire for interest rate swaps sold to municipalities and nonprofits. For example, California's water resource authority paid about $305 million, North...
-
Suppose you own a home that costs $200,000 and you buy homeowner's insurance to cover your house against fire, wind, tornados, and other disasters. One way to view your insurance is that you...
-
With some insurance policies, the value of the asset to be replaced is the current market value. For example, if you bought a couch five years ago for $1,000, and the current value of the couch is...
-
The "pizza connection" refers to the observation that in a major city, the cost of a slice of pizza is always about the same as the subway fare. Using the CPI values from the table shown below and...
-
What is a democratic leadership style?What are 5 problems of a democratic leadership style? what problems will a manager face due to the lack of control they have over others?
-
Recommend changes concerning the Reserve Bank of Australia (RBA). For example, should there be changes to the RBA's objectives or operations of monetary policy?
Study smarter with the SolutionInn App