Question: Find the present value to get $6500 after 2 years at 5% compounded quarterly. Round to the nearest cent. a. $5895.69 b. $614.91 c. $5885.09

Find the present value to get $6500 after 2 years at 5% compounded quarterly. Round to the nearest cent.

a. $5895.69

b. $614.91

c. $5885.09

d. $5958.65

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:

Q1. Solve the equation 3 x = 81. a. {27} b. {5} c. {4} d. {3} Q2. Write log 2 ( 7 m 3 n)/k 2 as the sum and/or difference of logarithms. Express powers as factors. a. (1/7) log 2 m + (1/3) log 2 n -...

Q:

1. Solve the equation log a. {-7} 4 (x + 2) = -1 b. {-7/4} c. {9/4} d. {9} Q2. Use the horizontal line test to determine whether the function is one-to-one. a. Yes b. No Q3. The half-life of...

Q:

3/10/2017 MATH 105 Exam 3 MATH 105 Exam 3 40 Unanswered Please be sure to save at least once every 15 minutes. If you leave this page without saving, or if your session times out, any answers you...

Q:

1. Find functions f and g so that f g = H(x) = (5 - 2x3)2. a. f(x) = 5 - 2x3 ; g(x) = x2 b. f(x) = (5 - 2x)3 ; g(x) = x2 c. f(x) = x2 ; g(x) = 5 - 2x3 d. f(x) = x3 ; g(x) = (5 - 2x)2 Q2. Find the...

Q:

Q5. A thermometer reading 8C is brought into a room with a constant temperature of 20C. If the thermometer reads 18C after 5 minutes, what will it read after being in the room for 7 minutes? Assume...

Q:

Find the present value to get $6500 after 2 years at 5% compounded quarterly. Round to the nearest cent

Q:

MATH 105 Exam 3 MATH 105 Exam 3 Find the present value to get $6500 after 2 years at 5% compounded quarterly. Round to the nearest cent. a. b. c. d.

Q:

R. Find the amount that results from a given investment 1. $400 invested at are compounded quarterly after a period of the investment results in $. years. After 4 of 3 years. if the 2. $ 20 invested...

Q:

now 3. What will a $180,000 house cost 8 years from price appreciation for homes over that period averages &% compounded annually The future cost of the house will be $. (Do not round until the final...

Q:

Find the principal needed now to get the given amount; that is, find the present value. To get $ 600 after 2 years at 4% compounded quarterly Question content area bottom Part 1 The present value of...

Q:

What are the Benefits of Talent Development and Succession Planning?

Q:

Find a linear transformation L: R2 R2, L O, the zero transformation, such that L2 = O.

Q:

How can I correlate the article management communication in the health institution to my topic of developing effective communication Strategies in my nurses and the other disciplinary team

Q:

Kenworth Company uses a job-order costing system. Only three jobs-Job 105, Job 106, and Job 107-were worked on during November and December. Job 105 was completed on December 10: the other two jobs...