Question: how can I solve those two problems? Question 23 4 pts What is the value on 1/1/18 of the following cash flows: Date Cash Received

how can I solve those two problems? Question 23 4 pts

What is the value on 1/1/18 of the following cash flows: Date

how can I solve those two problems?

Question 23 4 pts What is the value on 1/1/18 of the following cash flows: Date Cash Received Amount of Cash 1/1/19 $17.000 1/1/20 $15,000 1/1/21 $18,000 Use a 6% discount rate, and round your answer to the nearest $10. $42,330 $53,000 $44,500 $47,170 Next un attempt Only submit the HUI Well you are completely sure that you have answered all of the questions as you will not be able to request a second attempt. Please select the correct answer choice. Question 21 4 pts You charged $2,000 on your credit card for a trip during Spring break. Your credit card company charges you 22% annual interest, compounded monthly. If you make the minimum payments of $50 per month, how long will it take (to the nearest month) to pay off your balance? 79 months 70 months 73 months 81 months Next Previous

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!

You will receive $2,000 on January 1st 2004, on January 1st in 2005 and January 1st 2006. Which of the following expressions will calculate your value at time of January 1st 2006? Select an answer...

What is the value on 1/1/18 of the following cash flows: Date Cash Received Amount of Cash 1/1/19 $17,000 1/1/20 $15,000 1/1/21 $18,000 Use a 6% discount rate, and round your answer to the nearest...

What is the value on 1/1/18 of the following cash flows: Date Cash Received Amount of Cash 1/1/19 $17.000 1/1/20 $15.000 1/1/21 $18,000 Use a 6% discount rate, and round your answer to the nearest...

help!!!! What is the value on 1/1/18 of the following cash flows: Date Cash Received Amount of Cash 1/1/19 $17,000 1/1/20 $15,000 1/1/21 $18,000 Use a 6% discount rate, and round your answer to the...

Consider the following cash flows: Date Cash Received 1/1/17 1/1/18 1/1/19 1/1/20 $500 $100 What is the value on 1/1/16 of the above cash flows? Use an 8% discount rate, and round your answer to the...

5) If Cathy deposits $12,000 into a bank account that pays 6% interest compounded quarterly, what will the account balance be in seven years? A) 18,001 B) 18,207 C) 19,112 D) 19,344 6) Andre's...

Two sisters each open IRAs in 2011 and plan to invest $4,000 per month for the next 10 years. Mary makes her first deposit on January 1, 2011 and will make all future deposits on the first day of the...

What is the value on 1/1/18 on the following cash flows: Rate cash Received Amount of Cash 1/1/19 17,000 1/1/20 15,000 1/1/21 18,000 Use A 6% discount rate, and round your answer to the nearest $10....

PART A (100 MARKS) Answer ALL questions. QUESTION 1 (25 MARKS) a) With a 9% discount rato, determine the value on 1/113 of the following cash flows: Date Cash Received Amount of Cash 1/1/14 BIM 14 0...

Horace and Myrtle want to buy a house. Their banker offered them $95,000 loan today at a 12% annual rate for 20 years. What will their monthly payment be if they make equal monthly instalments (at...

Based on data from the GSS10SDSS, we examine the relationship between highest educational degree and agreement to the statement, "Financial dependence on others is one of my greatest fears about old...

Government G levies an income tax with the following rate structure. Percentage RateBracket 6% .Income from 0 to $30,000 10 .Income from $30,001 to $70,000 20 .Income from $70,001 to $200,000 28...

Sunland Company sells 3 1 0 units for $ 2 2 0 each to Marigold Inc. for cash. Sunland allows Marigold to return any unused product within 3 0 days and receive a full refund. The cost of each product...

Draw a class diagram and its relationship based on the following statements. You can use any UML tool/software to represent your class diagram. Do NOT copy and paste your diagram, use the attachment...