Question: find the present value the amount that should be invested now to accumulate the following amounts Find the present value (the amount that should be

find the present value the amount that should be invested now to accumulate the following amounts

Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $11,047.91 at 5.4% compounded annually for 7 years The present value is $ (Do not round until the final answer. Then 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!

2. Kubota invests in Vietnam (A-intermediate). Kubota, the Japanese manufacturer of tractors and small earthmoving equipment, is considering building an assembly plant in Da Nang (Vietnam). The...

Find the present value ( the amount that should be invested now to accumulate the following amount ) if the money is compounded as indicated. $ 7 8 0 0 at 5 % compounded quarterly for 9 years The...

Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $9200 at 7% compounded quarterly for 5 years.

Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $9000 at 8% compounded semiannually for 4 years

find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $36,527.13 at 5.3% compounded annually for 10 years

Statistics 0' Find the compound amount for the deposit and the amount of interest earned. $14,000 at 7% compounded monthly for 15 years Find the present value (the amount that should be invested now...

Word Problems 3. Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $9100 at 6% compounded quarterly for 9...

Word Problems 1. Find an equation in slope-intercept form for the line. Through (4.4) and (2.7) 2. Find an equation for the given line in the form ax+by=c, where a, b, and c are integers with no...

17. A six-month $6000 treasury bill sold for $5736. What was the simple annual discount rate? The discount rate was _____%. (Type an integer or decimal rounded to one decimal place as needed.) 18....

Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $9284.56 at 7.2% compounded annually for 2 years The...

On September 30, Year 1, the Lester Company negotiated a two-year loan of 1,000,000 markkas from a foreign bank at an interest rate of 2 percent per annum. Interest payments are made annually on...

John buys a 1964 Cadillac Coupe de Ville at a private auction for the bargain price of $25,000. James, the owner of the car, agrees to have it air freighted from Queensland in approximately four...

el 20% seria un escenario o se le suma al precio actual

A structural engineer is designing a special roof for a building. The roof is designed to catch rainwater and hold solar panels to collect sunlight for electricity. Each angled part of the roof...

Bert and Karla are married and have two children, aged 4 and 16 years. The couple employ a full-time nanny, at a salary of $12,000 per year, to take care of their two children while they work. They...

PART II Structural Engineering. A structural engineer is designing a special roof for a building. Th PART II Structural Engineering. A structural engineer is designing a special roof for a building....

At Suva (phi=-18o) at 9a.m. on May 20, the irradiance measured on a horizontal plane was Gh = 1.0MJh-1m-2. a. Determine the angle Theta _z between the beam radiation and the vertical, and hence find...

A supplier shipped $3,000 of ingredients on 12/29/17. Peyton receives an invoice for the goods, as well as a bill for freight for $175, all dated 12/29/17. Goods were shipped FOB suppliers warehouse....

A manufacturing firm plans to increase the current capacity level in the production of their new product. There are two alternatives: Buy one machine or buy two machines. Each machine can produce...

OUTCOME 4 Describe the different group techniques and types of work schedules used to broaden a firms job functions and maximize employee contributions.

OUTCOME 3 Provide examples illustrating the various factors that must be taken into account in designing a job, including what motivates employees.

OUTCOME 1 Discuss the relationship between job requirements and HRM functions.