Question: Please answer the question What is the present value of a security that will pay $40,000 in 20 years if securities of equal risk pay

Please answer the question

What is the present value of a security that will pay $40,000 in 20 years if securities of equal risk pay 6% annually? Do not round intermediate calculations. Round your answer to the nearest cent

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!

Covid 1 9 disease outbreak was indeed a global disaster. This pandemic forced for a change in consumer behavior in almost all the market sectors . The Botswana local restaurant brand The Braai Place...

What is the present value of a security that will pay $5,000 in 20 years securities of equal risk pay 7% annually?

thanks for answering the whole question What is the present value of a security that will pay $7,000 in 20 years if securities of equal risk pay 12% annually? Do not round intermediate calculations....

need help on both please round tk nearest cent please If you deposit $8,000 in a bank account that pays 6% interest annualy, how much will be in your account shers years? Do not need to the nearest...

answer all plz What is the present value of a security that will pay $27,000 in 20 years if securities of equal risk pay 4 % annually? Do not round intermediate calculations. Round your answer to the...

Need help with these discussion postings (in a document) and assignments (all in separate files), all directions are included as well. FINANCE DIRECTIONS Need to provide 1 original post substantial...

Charter Bank pays a 4.30% nominal rate on deposits, with monthly compounding. What effective annual rate (EFF\%) does the bank pay? a. 5.04% b. 5.44% c. 4.39% d. 4.74% e. 5.09% Check My Work (1...

1. If you deposit $12,000 in a bank account that pays 9% of interest annually, how much will be in your account after 5 years? Round your answer to the nearest cent. 2. What is the present value of a...

If you deposit $2,000 in a bank account that pays 6% interest annually, how much will be in your account after 5 years? What is the present value of a security that will pay $29,000 in 20 years if...

1.What is the present value of a security that will pay $27,000 in 20 years if securities of equal risk pay 3% annually? Do not round intermediate calculations. Round your answer to the nearest cent....

The following table shows data on the average number of customers processed by several bank service units each day. The hourly wage rate is $ 25, the overhead rate is 1.0 times labor cost, and...

What are the major decisions a firm faces with respect to the gay market?

Which of the following statements regarding service efforts and accomplishments ( SEA ) is not true? Multiple Choice SEA information includes indicators of a government's actual performance in...

Sale of Treasury Stock above Cost A business sells shares of its Treasury Stock above the reacquisition cost. The following Journal Entry will be made by the business for the sale....