If I will have a lump sum of $171,090 in 13 years, how do I calculate the present value of my investment, assuming it will earn interest at the rate of6 43 percent compounded annually In other words, what is the equivalent today of $171,090 payable as a lump sum 13 years in the future Round the an...

The present value of 171090 in 13 years assuming it will earn int ...

If I will have a lump sum of $171,090 in 13 years, how do I calculate...

Fantastic news! We've Found the answer you've been seeking!

Question:

Related Book For answer-question

Macroeconomics Principles, Applications, and Tools

ISBN: 978-0132555234

7th Edition

Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez

See More Books

Posted Date: Apr 05, 2023 01:49 AM

See More Questions

1. As the beneficiary of a life insurance policy, you have two options for receiving the insurance proceeds. You can receive a lump sum of $200,000 today or receive payments of $4,000 every quarter...
Find the present value of $40,000 due in 4 years at the given rate of interest 8%/year compounded monthly. A. The present value is $28,948.67. B. The present value is $29,433.94. C. The present value...
In the following, different parts of the question are independent and not related to each other. (a) Suppose that the effective 3-month risk-free interest rate is 3%. Consider a risk-free security...
Tom Jones, the mechanic at Golden Muffler Shop, is able to install new mufflers at an average rate of 4 per hour (or about 1 every 15 minute), according to a negative exponential distribution....
Beth Yung started her practice as a design consultant on November 1, 2012. During the first month of operations, the business completed the following transactions: Nov 1 Received $34,000 cash and...
Why must criminal statutes carefully and clearly define the prohibited behavior?
What problems can you anticipate if Tony Bullins goes ahead and changes the sales team and selling philosophy?
The records of Fisher Aviation include the following accounts for inventory of aviation parts at July 31 of the current year: Requirements 1. Prepare a partial income statement through gross profit...
Bonika Sdn Bhd ( BSB ) ?manufactures small camping tents. BSB produced 3 , 0 0 0 ?units during theyear. These camping tents sell for RM 1 5 0 ?each. BSB had 5 0 0 ?units in finished goodsinventory at...
Knockoffs Unlimited, a nationwide distributor of low-cost imitation designer necklaces, has an exclusive franchise on the distribution of the necklaces, and sales have grown so rapidly over the past...
Filano Corp. has the following standards for one unit of product: Direct material: 80 pounds X $6 $480 Direct labor: 3 hours X $16 per hour 48 Variable overhead: 1.5 hours of machine time X $50 per...
Consider the following alternatives: Alternative 1 Alternative 3 Alternative 2 First cost ($) 170,000 120,000 100,000 Net cash flow per year ($/year) 34,500 24,000 15,000 Salvage value ($) 0 0 0...
For this question, you need to design and conduct an experiment. Consider the sellotape roll shown in the figure below. The objective is to determine the critical strain energy release rate, Gc, for...
Consider a macromolecule (i.e. a very large molecule with a molecular weight of several millions) immersed in an incompressible fluid of density p at the absolute temperature T. The volume U occupied...
What is the total kinetic energy of 0.50 mol of an ideal monatomic gas confined to 8.0 dm at 200 kPa? (b) Calculate the pressure of nitrogen (molar mass=28 g.mol-) at an altitude of 100 km assuming...
A consumer s preferences for consumption across two time periods c 1 and c 2 can be represented by the utility function U ( C 1 , C 2 ) = C 1 ^ 0 . 7 C 2 ^ 0 . 3 . The consumer s endowment of...
A 1.2 m tall concrete retaining wall is built as shown in Figure Q2 (c) with a gap of 0.4m from the earth. During heavy rain, water fills the space between the wall and the earth to a depth of 0.7m....
Use the method of Example 4.29 to compute the indicated power of the matrix. 1 0 1
As securitization developed, it allowed financial intermediaries to provide new funds for borrowers to enter the housing market. This led to a rise in the rate of homeownership and was hailed as a...
A developer interested in building a casino in Creswell, Oregon, placed a curious announcement in the local newspaper. If local voters approved the casino, the developer promised to give citizens a...
1. Philadelphia has relatively high prices for car insurance because ________cause ________and ________causes ________. 2. In the market for crop insurance________, -risk farmers buy insurance in...
A stirrer-container assembly contains a certain amount of fluid. The stirrer performs $3 \mathrm{hp}$ work on the system. The heat developed by stirring is $4000 \mathrm{~kJ} / \mathrm{h}$ and is...
A system consisting of a gas confined in a cylinder undergoes a series of processes shown in Fig. 2.11. During the process A-1-B, $70 \mathrm{~kJ}$ of heat is added while it does 45 $\mathrm{kJ}$...
Derive the mathematical expression of the first law of thermodynamics.

If I will have a lump sum of $171,090 in 13 years, how do I calculate...

Question:

Expert Answer:

The present value of 171090 in 13 years assuming it will earn int... View the full answer

Macroeconomics Principles, Applications, and Tools

Students also viewed these finance questions