Question: Question 6 1 pts Determine the present value, P, you must invest to have the future value, A, at simple interest rate r after time

Question 6 1 pts Determine the present value, P, you must invest to have the future value, A, at simple interest rate r after time t. Round answer to the nearest dollar. A = $8000 r = 7.1% t = 8 months $7638 $8379 $7639 $7695

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 Accounting Questions!

The z-axis runs down the center of an infinitely long heating duct with a square cross section. For a real metal duct (not a perfect conductor), the electrostatic potential (x, y) varies linearly...

Express the given fraction as a percent. five sixths Express the given decimal as a percent. 0.0862 An exercise machine with an original price of $790 is on sale at 22% off. a. What is the discount...

1. Express the given fraction as a percent. 3/8 (Round to the nearest hundredth as needed.) 2. Express the given decimal as a percent. 0.9202 3. An exercise machine with an original price of $850 is...

Determine the present value P you must invest to have the future value A at simple interest rate r after time t. A = $15,000, r = 5.5%, t = 6 years The present value that must be invested to get...

Determine the present value P you must invest to have the future value A at simple interest rater after timet A = $19.000, r - 10.0%, t = 5 years The present value that must be invested to get...

This is PART 1 of a 6 PART QUESTION. John and Daphne are saving for their daughter Ellen's college education Ellen just turned 10 (at t = 0), and she will be entering college 8 years from now (at t =...

Question 2 ( 5 points ) Determine the present value, P , you must invest to have the future value, A , at simple interest rate r after time t . Round answer to the nearest dollar. A = $ 6 3 1 1 . 5 0...

ATH-2077-603:Quant Business Analysis I st 3 list 1 n 2 on 3 on 4 ion E K

Determine the present value P you must invest to have the future value A at simple interest rate r after time t. A=$19,000,r=9.0%,t=4 years The present value that must be invested to get $19,000...

point(s) possible Determine the present value, P, you must invest to have the future value, A, at simple interest rate r after time t. Round answer to the nearest dollar. A = $11,000, r = 12.9%, t= 7...

A firm has earnings before interest and taxes of $25,380 with a net income of $14,220. The taxes amounted to $5,400 for the year. During the year, the firm paid out $43,800 to pay off existing debt...

Cutler Company has a cash account with a balance of $250,000 with Wright Bank and a cash account with an overdraft of $5,000 at Lowe Bank. What would the current assets section of Cutler's balance...

The diagram shows a shape consisting of two circles of radius 3cm and 4 cm with centres A and B which are 5cm apart. The circles intersect at Cand Das shown. The lines AC and BC are tangents to the...

The string on a violin has a fundamental frequency of 440 Hz. The length of the vibrating portion is 32cm, and it has a mass of 0.35g. Under what tension the string must be placed?

A 2.00-kg mass vibrates according to the equation x = 0.650 cos 7.40t, where x is in meters and t in seconds. Determine (a) The amplitude, (b) The frequency (c) The total energy, and (d) The kinetic...

The flywheel shown has a radius of 600 mm, a mass of 144 kg, and a radius of gyration of 450 mm. An 18-kg block A is attached to a wire that is wrapped around the flywheel, and the system is released...

Two identical 16-lb uniform cylinders are at rest when a constant couple M of magnitude 3 ft ??lb is applied to cylinder A. Knowing that the coefficient of kinetic friction between the cylinders is...

Bars AB and BE, each of weight 8 lb, are welded together and are pin-connected to two links AC and BD. Knowing that the assembly is released from rest in the position shown and neglecting the masses...

Shipments by establishments in wholesale trade often travel short distances, with many staying within the state of the shipping establishment. a ) True b ) False

Are there good reasons for groups not to assimilate to U.S. culture? Explain.

Jesse Pagel is an overseas manager for a U.S. clothing company in Hong Kong. In a recent meeting of his employees, Jeff explained and demonstrated a new online application that the employees should...

What groups do you think are the most assimilated in the United States? Why?