Question: 20,000 is wrong answer. i need for each year!! Determine the present value of $1,000 payments made at the end of each year, with payments

20,000 is wrong answer. i need for each year!!

Determine the present value of $1,000 payments made at the end of each year, with payments continuing forever. The effective DISCOUNT rate is 5%. (use a decimal number, rounded to the nearest 100th, without \$ sign. For example, 12345.67)

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!

Financial Reporting The following trial balance relates to Highwood at 31 March 2011: S'000 $'000 56,000 1,400 35,000 75,000 74,500 10,000 24,500 800 2.600 Equity shares of 50 cents each Retained...

On January 1, 2019, Carey Inc. entered into a noncancelable lease agreement, agreeing to pay $14,000 at the end of each year for four years to acquire a new computer system having a market value of...

Part 1 TIME VALUE OF A SPONSORSHIP CASE STUDY (Pg.108) Answer the questions on Case Analysis: Risk and Team Values on p108. in your textbook. (5 points each, 20 points total) ; The director of...

Ambrose Co. has the option of purchasing a new delivery truck for $20,000 in cash or leasing the truck for $4,326 per year, payable at the end of each year for six years. The truck also has a useful...

|C Q |N / M N| Q | Q | Q | - | G| | 35 | Q | Q | = 4 4 2 4 0 | 0 | | 6| Q | | Q n| Q 2 | 9 | LD| | | | |8|HRGCC&CX CCC CCC + X @...

Ambrose Company has the option of purchasing a new delivery truck for $20,000 or leasing the truck for $4,067 per year, payable at the end of each year for six years. The truck also has a useful life...

Hello there, will you be able to answer the question in the file attached ? it start from page one to 6 it's my first time using this i hope this works Thank you , 2001 Uniform Final Examination...

Werner Chemical, Inc., leased a protein analyzer on September 30, 2018. The five-year lease agreement calls for Werner to make quarterly lease payments of $398,076, payable each September 30,...

(a) An amount of $100 is deposited into an account at the end of the 1st year, after which payments of $200, $400, $600,... are deposited at the end of every 2 years, that is, there will be a payment...

i need help solving exercise 15-4. please go in detail on how you did it E 15-3 Finance lease: lessee; balance sheet and income statement effects LO15-2 (Note: Exercises 3, 4, and 5 are three...

The responsibility for harmonizing auditing standards across countries rests with IFAC. Required: Comment on some of the problems faced by IFAC in achieving the above goal.

Hart Corporation issued bonds twice during 2014. A summary of the transactions involving the bonds follows. 2014 Jan. 1 Issued $6,000,000 of 9.9 percent, 10-year bonds dated January 1, 2014, with...

MongoDB's operator for connecting two collections is: $lookup. $match. $join. $project.

What is the difference between a polymorphic virus and a metamorphic virus? How can such viruses be detected by an antivirus scanner?

2-12. Youre giving your first major presentation at your new job and you notice at least half the people in the small conference room are looking at their mobile devices more than they are looking at...

2-13. COLLABORATION: WORKING IN TEAMS [LO-1] In teams assigned by your instructor, prepare a 10-minute presentation on the potential advantages or disadvantages of using social media for business...

2-7. How do your mobile phone habits demonstrate your sensitivity to business etiquette? [LO-6]