Question: 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

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

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!

Find the present value that will grow to $5000 if the annual interest rate is 7.5% compounded quarterly for 10 yr. . . . The present value is $. (Round to the nearest cent as needed.)

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.)

Present and Future Value Computations Required: 1. Compute the present value for each of the following situations, assuming an interest rate of 10% compounded annually. (Round amounts to the nearest...

nd the present value that will grow to 8000 if the annual interest rate is 2 5 compounded quarterly for 8 yr me present value is Round to the nearest cent as needed

Present and future Value Computations a. Required: 1. Compute the present value for each of the following situations, assuming an interest rate of 10% compounded annually. (Round amounts to the...

Assume that you are nearing graduation and have applied for a job with a local bank. As part of the bank's evaluation process, you have been asked to take an examination that covers several financial...

The following question covers time value of money: a. A bank advertises an annual interest rate of 2.6% compounded monthly on their savings accounts. In percentage terms, what is the effective annual...

It is now December 3 1 , 2 0 2 0 ( t = 0 ) , and a jury just found in favor of a woman who sued the city for injuries sustained in a January 2 0 1 9 accident. She requested recovery of lost wages...

If C= 100 +.4Y, 1 = 75, G = 50 and NX = 20 + .2, what is the multiplier? O A. 1.67 O B. 2.5 O C. 0.4 O D. 0.6IfCId =13 2P and [.15 2 3+ P, what would be the new equilbrium quantity if demand...

Suppose you enter into 10 E-mini FTSE Emerging Index Futures contracts. The index value is at 475 and the contract multiplier is 50. a. If the initial margin requirement is 10%, how much must you...

Write any two (equivalent) conditions that appear in the Mega Theorem on compactness.

In what section of the statement of cash flow should the purchase of land in exchange for common shares be reported disclosed as a non - cash investing or financing activity, investing, activities,...

On January 1,2020 , Swifty Corporation issued $4,180,000 of 10 -year, 8% convertible debentures at 102 . Interest is to be paid semiannually on June 30 and December 31 . Each $1,000 debenture can be...