If you can make 6% interest on your money, how much is $1000 paid to you 6

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

Question:

If you can make 6% interest on your money, how much is $1000 paid to you 6 years in the future worth to you now? Assume annual compounding.

Related Book For answer-question

Principles of Marketing

ISBN: 978-0136079415

13th Edition

Authors: Philip Kotler, Gary Armstrong

See More Books

Posted Date: Feb 06, 2020 12:25 PM

See More Questions

Why is a cash flow in the future worth less than the same amount today?
How much are you worth to a given company if you continue to purchase its brand for the rest of your life? Many marketers are grappling with that question, but its not easy to determine how much a...
How much money do movies make on a single weekend? Does this amount in any way predict the movie's success or failure, or is the movie's total monetary success more dependent on the number of weeks...
"One need not be concerned with reliability and validity in applied marketing research." Discuss this statement as a small group.
Label every stereocenter in the molecules in Problem 36 as R or S.
The weight and systolic blood pressure of 26 randomly selected males in the age group 25 to 30 are shown in the Table E11-8. Assume that weight and blood pressure are jointly normally distributed....
Suppose $\mathbf{x} \sim M N(n, \boldsymbol{\pi})$ follows a multinomial distribution of size $n$ and probability $\pi$. Derive the variance matrix of $\mathbf{x}$.
Frieden Companys contribution format income statement for the most recent month is given below: Sales (40,000 units) . . . . . . . . . . . $800,000 Variable expenses . . . . . . . . . . . . 560,000...
During the early 19th century, the Springfield (Massachu-setts) Armory provided a good example of: an increasing division of labor accounting techniques for wage payments and control of time and...
This is the code followed by the questions :) // Execute in strict mode to prevent some common mistakes "use strict"; /** * Make diary data item * @param type Type of item to create, either "text" or...
What are the basic element of Base configuration of an oracle Database?
A small ball of mass m and radius r is released from a height h = 3R. The ball rolls without slipping down the incined plane and over the circular track of radius R. Find the speed of the ball at...
A block of mass m = 8,9 kg slides on a rough surface and moves toward a spring with a spring constant k = 1004 N/m, as shown in the figure below. When the block is d = 13,1 m away from the spring, it...
Photon Corporation has a client who wants to purchase $50,000 of goods on credit. Photon thinks that the client has a 97% probability of paying the $50,000 in 3 months and a 3% chance of a complete...
A block of mass m = 13,9 kg is attached to the free end of a light string wrapped around a reel of radius R = 0,38 m and mass M = 7,2 kg. The reel is a uniform disk and fixed on an axis about which...
Define an AVL-2 tree to be a BST where each node v satisfies balance(v) {-2,-1,0,1,2}. Let N(h) be the minimum number of nodes in an AVL-2 tree of height h. Prove that h = O(lgn) for the case where...
Investco is a trading firm and has Dec 3 1 as its annual closing date. On Oct 1 7 th of 2 0 1 9 , it had purchased 5 0 0 0 shares at $ 1 4 each. The share value on Dec. 3 1 , 2 0 1 9 was $ 1 2 . Due...
Show that gj concave AHUCQ Abadie For nonnegative variables, we have the following corollary.
1. Is it right for Western civilizations to impose their ethical views and behavior on other cultures, such as China? 2. What are the consequences for U.S. companies that refuse to engage in...
1. Explore the Web sites of other companies to learn how they get feedback from customers. Start by clicking on Contact Us, then dig deeply to see if you can find a place where each company seeks or...
What is the difference between entrepreneurial, intrepreneurial, and formulated marketing? What are the advantages and disadvantages of each?
State whether you think a business would recognise the following as an expense. When would it be recognised? a Depreciation $350 b Wages to be paid in the next month $1200 c Electricity bill due to...
What is the difference between operating expenses and non-operating expenses. Give examples of each.
What is the link between the income statement and the statement of owners equity?

If you can make 6% interest on your money, how much is $1000 paid to you 6

Question:

Expert Answer:

Principles of Marketing

Students also viewed these economics questions