Question: Find the present value that will grow to $2000 if the annual interest rate is 9.5% compounded quarterly for 6 yr.

Find the present value that will grow to $2000 if the

annual interest rate is 9.5% compounded quarterly for 6 yr.

Find the present value that will grow to $2000 if the annual interest rate is 9.5% compounded quarterly for 6 yr.

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 Mathematics Questions!

Q:

ans Find the present value that will grow to $2000 if the annual interest rate is 5.5% compounded quarterly for 7 yr. The present value is $|:|. (Round to the nearest cent as needed.)

Q:

find the present value that will grow to $7000 if the annual interest rate is 9.5% compound quarterly for 8 year 2 answers

Q:

find the present value that will grow to $7000 if the annual interest rate is 9.5% compound quarterly for 8 year

Q:

Find the present value that will grow to $30,000 if interest is 3% compounded quarterly for 16 quarters. The present value is $ (Round to the nearest cent as needed.)Find the present value that will...

Q:

Find the present value that will grow to $6000 it the annual interest rate is 8.5% compounded quarlefy for 7 yr The present value is 5. round to the nearest cent as needed

Q:

You are given an annuity-immediate with payments of $375 every three months for 8 years. Find the present value (PV) of this annuity at a nominal annual interest rate of 6%, compounded quarterly

Q:

find the present value of $ 4000 due after five years if the interest rate is 10% compounded quarterly A). specify FV=? n=? r=? t= ? B). Find Present Value

Q:

Find the present value that will grow to 5 000 if the interest is 3 5 compounded quarterly for 10 years Round to 2 decimals when necessary

Q:

Exercise 2. (20 points, 10 each) Find the present value of $3000 due after five years if the interest rate is 9% compounded quarterly. a) Specify FV = 71 b) Find PV Cros

Q:

Answer the following as required. Please round your answers to two (2) decimal places when necessary Find the present value of P12,850.00 due in 3 years if the interest rate is 8% compounded quarterly

Q:

Goode, Billings and Prosper plc manufactures two products, Razzle and Dazzle. Unit selling prices and variable costs, and daily fixed costs are: Production of the two products is restricted by...

Q:

Hrubec Products, Inc., operates a Pulp Division that manufactures wood pulp for use in the production of various paper goods. Revenue and costs associated with a ton of pulp follow: Hrubec Products...

Q:

The revenue ( in thousands of dollars ) from producing x units of an litem is modeled by R ( x ) = 8 x - 0 . 0 0 1 x 2 . 3 . Find the average rate of change in revenue as x changes from 1 0 0 2 to 1...

Q:

Finley Corporation had income from continuing operations of $10,600,000 in 2012. During 2012, it disposed of its restaurant division at an after-tax loss of $189,000. Prior to disposal, the division...

Q:

Mountain Mash produces ice cream for wholesale distribution to grocers, restaurants, and independent ice cream shops. March, April, May, June, and July are busy months for the company as its...

Q:

Affordable Lawn Care, Inc., provides lawn-mowing services to both commercial and residential customers. The company performs adjusting entries on a monthly basis, whereas closing entries are prepared...

Q:

Fizzy Cola acquired 35% of the voting stock of National Bottlers on January 1, 2014 at a cost of $50,000,000, and reports its investment using the equity method. At the date of investment, National's...

Q:

Section C The programs at Denison consume the services of departments as follows: That is, oncology patients consume 80 percent of the services of the radiology department but only 50 percent of the...

Q:

Create a 200 word summary on the Juvenile Justice System than and today. Describe The Juvenile system and provide a generalizable definition. Highlight the issues in the Juvenile system and why this...

Q:

(General Disclosures, Inventories, Property, Plant, and Equipment) Dan D. Lion Corporation is in the process of preparing its annual financial statements for the fiscal year ended April 30, 2007....

Q:

(Dividend Policy Analysis) Remmers Inc. went public 3 years ago. The board of directors will be meeting shortly after the end of the year to decide on a dividend policy. In the past, growth has been...

Q:

(Disclosures Required in Various Situations) Rem Inc. produces electronic components for sale to manufacturers of radios, television sets, and digital sound systems. In connection with her...