Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 17, 2021

Determine the present value P that must be invested to have the future value A at simple interest rate r after time t. A= $9000

Determine the present value P that must be invested to have the future value A at simple interest rate r after time t.

A = $9000

9000, r = 22

22%, t = 6

6 years

round up

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To determine the present value P required to have a fu... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Engineering Mathematics

Authors: ERWIN KREYSZIG

9th Edition

0471488852, 978-0471488859

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Write a code that includes CSS and html to create a web page, provided that the page has two interfaces.

Answered: 1 week ago

Question

★★★★★

9. Suppose we are solving for Arb with A E Rmxn being rank deficient (minimum norm solution) (a) For b(A) why wouldn't the solution (ATA)-Ab work? (b) Suppose beR(A). Show that the error vector is...

Answered: 1 week ago

Question

★★★★★

For blood circulation in a specific human body artery, the following data is given, Average inner diameter of the artery = 6.8 mm Average pressure gradient per meter of length = 75 pa 1- Find the...

Answered: 1 week ago

Question

★★★★★

What is the output of the following statements? int a=2; float b=3.5; int c=a; printf("%d",c)

Answered: 1 week ago

Question

★★★★★

Parts manufactured by an injection molding process are subjected to a compressive strength test. Twenty samples of five parts each are collected, and the compressive strengths (in psi) are shown in...

Answered: 1 week ago

Question

★★★★★

What is labour turnover? How will you measure it? What are its causes and effects on labour costs?

Answered: 1 week ago

Question

★★★★★

6. Teach the particular learning strategies that students will need to master the material being studied. Show students how to learn and remember so they wont be forced to fall back on selfdefeating...

Answered: 1 week ago

Question

★★★★★

The FCPA has too many exceptions to be an effective deterrent to unethical business practices. Do you agree or disagree with this statement? Explain your answer.

Answered: 1 week ago

Question

★★★★★

2. An employee of a manufacturing company receives his 25 years end of service allowance of GHc 250,000. 00 at age 60. He plans to start his own business as an entrepreneur at age 60 . He wants to...

Answered: 1 week ago

Question

★★★★★

Aaron Hersch is a real estate developer who specializes in residential apartments. A complex of 20 run-down apartments has recently come on the market for $332,500. Hersch predicts that after...

Answered: 1 week ago

Question

★★★★★

A firm is considering the marketing of a new product. For convenience, suppose that the events of interest are simply 1="new product is a success" and 2="new product is a failure." The prior...

Answered: 1 week ago

Question

★★★★★

Jonathan Lark's lifelong dream is to own a restaurant. He owns a premium site for a restaurant across the street from the local university. Now he needs to decide what kind of restaurant to open....

Answered: 1 week ago

Question

★★★★★

What is the shift capacity of a machine with the following characteristics? ---Part processing time = 70 seconds ---cutting tool has to be replace every 35 pieces and it takes 30 seconds to replace...

Answered: 1 week ago

Question

★★★★★

_____________ phase includes consideration of the full scope of operational support, such as maintenance, supply, transportation, sustaining engineering, spectrum supportability, etc. A. Technology...

Answered: 1 week ago

Question

★★★★★

M1D5( Guest Reservations) 1-Discuss what the case Freeman v. Kiamesha Concord, Inc., teaches us with respect to contractual agreements between a hotel and a guest. 2-Discuss the damages a guest may...

Answered: 1 week ago

Question

★★★★★

Troy Engines, Limited, manufactures a variety of engines for use in heavy equipment. The company has always produced all of the parts for its engines, Including the carburetors. An outside supplier...

Answered: 1 week ago

Question

★★★★★

Aerotron Electronics is considering the purchase of a water filtration system to assist in circuit board manufacturing. The system costs $60,000. It has an expected life of 7 years at which time its...

Answered: 1 week ago

Question

★★★★★

I frequently use NY Times and CNN and am aware of Fox News but I never use it. I visit these sites, NY Times and CNN, a few times a week whenever I have to research something or see something on...

Answered: 1 week ago

Question

★★★★★

Show that in Example 1 the absolute value of the error of x2 = 2.000/39.95 = 0.05006 is less than 0.00001.

Answered: 1 week ago

Question

★★★★★

Let (X, Y) have the density f(x, y) = k if x2 + y2 Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

Nutrition Foods A and B have 600 and 500 calories, contain 15g and 30g of protein, and cost $1.80and $2.10 per unit, respectively, Find the minimum cost diet of at least 3900 calories containing at...

Answered: 1 week ago

Question

★★★★★

Near the end of its scal year, a not-for-prot university was awarded a $2 million National Science Foundation grant to conduct biological research. Yet, consistent with GAAP, the college made no...

Answered: 1 week ago

Question

★★★★★

What are auxiliary enterprises? How are they accounted for?

Answered: 1 week ago

Question

★★★★★

Why are revenues presented on the nancial statements net of scholarships and discounts?

Answered: 1 week ago

Previous Question Next Question