Question: I need this back by 9:55 please Question 2 This Test: 20 pts possible What single cash payment made now is equivalent to 11 years

I need this back by 9:55 please

Question 2 This Test: 20 pts possible What single cash payment made now is equivalent to 11 years of payments of $4800 made at the end of every 6 months with interest at 4.4% compounded quarterly? The payment is $ (Round the final answer to the cent as needed. Round all intermediate values to six decimal places 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 Mathematics Questions!

Need answers for both questions please! This Question: 1 pt 11 of 20 (10 complete) This Test: 20 pts possible You currently have a one-year-old loan outstanding on your car. You make monthly payments...

This Question 1 pt 11 of 20 (4 complete) This Test: 20 pts possible You currently have a one-year-old loan outstanding on your car. You make monthly payments of $400, You have just made a payment....

New Century 2 pgs Discuss the story of Countrywide, an organization that was also a big player in the subprime market. How does Countrywide compare to New Century, particularly in time frame and...

Researching changing consumer needs and desires for airline travel is a key aspect of American Airlines' business plan. Which of the following HR planning activities BEST supports this practice?...

please help Time Remaining: 02:45:41 Submit Test This Question: 6 pts 11 of 21 (10 complete) This Test: 100 pts possible Value of a mixed stream Harte Systems, Inc a maker of electronic survillance...

Kindly assist with the attached assignment, would be great if you can show your working as well Hult International Business School - Dubai - EMBA Post Course Individual Assignment Course: Financial...

All 20 questions need to be answered within 90 minutes from this posting. Thanks! Please see attachment. Question 1 1. Bob bought some land costing $14,990 years ago. Today that same land is valued...

hi guys guys i need the answer on Wednesday if thats possible thanks AQ004-3-2-FMTS Assignment Page 1 of 2 QUESTION 1 (25 Marks) (a) (b) (c) Carls owes $300 due in 3 months' time and $500 due in 8...

Rewrite your answer to Problem and Exercise 7-63 for each customer, not just customer 16. Display the name of customer 16 and the names of all the customers that are in the same zip code as customer...

Cheryl Colby, CFO of Charming Florist Ltd., has created the firm's pro forma balance sheet for the next fiscal year. Sales are projected to grow by 10% to $440 million. Current assets, fixed assets,...

What is his taxable capital gain, net of allowable capital losses, for the current year? Question content area bottom Part 1 A. $325 B. $750 C. $625 D. $650 Sales Price Cost Painting $2,500 $800...

Learning vector quantization (LVQ): four-vectors assigned to two classes. In this, two reference vectors will be used. The following input vectors represent two classes, 1 and 2: VECTOR1 (1, 0, 0,...