Question: 1 Use the future value formula, S=P(1 + rt), to compute the future value of $1686.00 over ten months at 32% p.a. The future value

1 Use the future value formula, S=P(1 + rt), to compute

1 Use the future value formula, S=P(1 + rt), to compute the future value of $1686.00 over ten months at 32% p.a. The future value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

3 Use the future value formula, S = P(1 + rt), to compute the future value of $1406.00 over seven months at 6-% p.a. The future value is $ (Round the final answer to the nearest cent as needed. Round...

se the future value formula, S = P(1 + rt), to compute the future value of $1104.00 over four months at 6-% p.a. 2 he future value is $ Round the final answer to the nearest cent as needed. Round all...

Use the future value formula, S = P(1 + it), to compute the future value of $2650.00 over two months at 2 9 3 % p.a. The future value is $ (Round the final answer to the nearest cent as needed. Round...

can someone do this pls i put view an example as well On April 1, $100,000.00364-day treasury bills were auctioned off to yield 1.52%. (a) What is the price of each $100,000.00 T-bill on April 1 ?...

An electronic game listed at $299.00 less 30%, 8%, 5% is offered at a further reduced price of $179.27. What additional rate of discount was offered? (E The additional rate of discount offered was...

business math calculation 8. On April 15, 2018, Low Rider Automotive established a line of credit at its bank, with interest at 13.6% p.a. This line of credit was used to purchase $4000 of inventory...

Use the future value formula, S=P(1+rt), to find the maturity value of $1177.00 invested at 4.7% p.a. from October 15, 2018, to June 12, 2019. Use the future value formula, S = P(1 + rt), to find the...

Safari File Edit View History Bookmarks Window Help O US Q 8 0 Sat Dec 9 7:46 PM mylab.pearson.com C 88 G Blackboa.. Bb https://le.. P Assignme... P Do Home.. P Do Home.. P Do Home... Dashboard...

Safari File Edit View History Bookmarks Window Help O US Q 8 @ Tue Nov 7 5:20 PM mylab.pearson.com C 88 G Welcome, Donia - Blackboard. P Assignments Do Homework - HW CH 3.3 C Expert Q&A | Chegg.com...

8 15 -80 -10 10 201 Estimating the Weighted Average Cost of Capital (WACC) for a project You currently own a company operating in the healthcare sector and you are considering expanding into the...

Consider a fast-food restaurant where customers arrive at a Poisson rate of 100 per hour. Four equally capable servers work at the restaurant during a typical hour of operation. Each employee takes,...

EBITDA, Inc., a subsidiary of Robinson Enterprises, is considering the purchase of a fleet of new BMWs for the CEO and other senior managers. Currently the firm has a capital structure that consists...

QUESTION 4 2 The phrase "leaving money on the table" refers to investors paying more for a stock in the secondary market than was paid by those investors who were able to buy shares at the initial (...

Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours 5.4 ounces 0.5 hours 0.5 hours Standard Cost Per Unit $16.20 $ 6.00 $ 4.50 Standard Price or Rate...