FREE Trial
This problem has been solved!
Do you need an answer to a question different from the above? Ask your question!

Suppose $12,000 is invested at an annual rate of 4% for 16 years. Find the future value if interest is compounded as follows. a. Annually b. Quarterly c. Monthly d. Daily (365 days) e. Continuously

 

Transcribed Image Text:

Suppose $12,000 is invested at an annual rate of 4% for 16 years. Find the future value if interest is compounded as follows. a. Annually b. Quarterly c. Monthly d. Daily (365 days) e. Continuously

  • Expert Answer

r nt P1 7 P 12000 r 4 12000 r 4 004 and t 16 determine the value of A View the full answer


answer-question
Related Book For  answer-question
Principles of Finance

Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

See More Books
Post a Question and Get Help

Cannot find your solution?

Post a FREE question now and get an answer within minutes*.

*Average response time.
Posted Date: June 07, 2023 00:50:20
See More Questions

Students also viewed these finance questions

Q:
For each problem, show your work steps. A correct answer with no work shown gets half credit (which means you fail the assignment). An incorrect answer with no work receives 0 credit. With time value...
A:
a We have PV 24000 IY 580 N 18 PMT 0 and we want to find FV Using a financial calculator we get FV 5792626 Therefore the future value of 24000 at the end of eighteen years at 580 interest is 5792626 b......
Q:
The nations retailers lost a staggering amount of money in 2016 due to shoplifting, organized crime, internal theft, and other types of inventory shrink. Inventory shrink totaled $48.9 billion in...
A:
Ans 1 Explanation The provisions of the SarbanesOxley Act might have helped to detect the fraud The SarbanesOxley Act of 2002 cracks down on corporate......
Q:
Suppose $10,000 is invested at an annual rate of 2.4% for 10 yr. Find the future value if interest is compounded as follows. (a) Annually (b) Quarterly (c) Monthly (d) Daily (365 days)
A:
Given P 10000 r 0024 and t 10 the compound interest formula bec......
Q:
THE iterative software development method. Just read the case thoroughly and answer the below-mentioned 3 questions. Here are the three questions to be answered: 1. What are the two choices Lalonde...
A:
What are the two choices Lalonde has The two choices Lalonde has is Choosing not to add additional features during the final phases and instead go directly to code freeze after the testing phase and D......
Q:
A computer-system installation project consists of eight activities. The immediate predecessors and activity times in weeks are shown below. a. Draw the network for this project. b. What are the...
A:
a b Activity Immediate Predecessor Time days Earliest Start Earliest Finish Latest Start Latest......
Q:
Copy Makers Inc. (CMI) has just received a credit request from a new customer who wants to purchase a copying machine. As input to its decision of whether to grant credit, CMI has made the following...
A:
To determine the complete optimal decision strategy for Copy Makers Inc CMI and the optimal expected value we can use decision analysis techniques Wel......
Q:
You are performing the year-end audit of Halvorson Fine Foods, Inc. for December 31, 2024. The client has prepared the following schedule for the fixed assets and related allowance for depreciation...
A:
1 The companys policies for depreciating equipment are available from several sources Prioryear audi......
Q:
You have just gotten back the results from an RNAseq analysis of mRNAs from liver. You had anticipated counting the number of reads of each mRNA to determine the relative abundance of different...
A:
Different parts of the same mRNA can have different abundance......
Q:
A firm has five cement mixers for hire, the hire charge for each of which is $15.00 per day. The overheads are $5.00 per mixer per day, whether or not they are hired. Suppose the daily demand for...
A:
a Probability of making a strictly positive profit Lets denote the random variable X as the number o......
Q:
Bence NYRT was a 70 percent subsidiary of Nora NYRT. On January 3, 2014, the balance of investment account in Bence NYRT was $350,000 while the total equity of Bence NYRT was $450,000. On January 4,...
A:
In the Books of Bence NYRT as on 31122014 Journal Entries i Equity Stock Capital Ac Dr 100050 50000......
Q:
Financial ratios are used to analyze a companys strengths and weaknesses by looking at the ratio of various financial data to each other by financial and business analysts and investors. Ratios thus...
A:
1 liquidity ratios 1 Current ratio The current ratio is a liquidity ratio that measures a companys ability to pay shortterm and longterm obligations 2 Profit before depreciation and amortisation to cu......
Q:
What percentage of the total variation in manatee fatalities can be explained by the linear correlation between registered boats and manatee fatalities? Refer to the display obtained by using the...
A:
To determine the percentage of the total variation in manatee fatalities explai......
Q:
Consider the application that is used at your school to register for classes. Complete a function point worksheet to determine the size of such an application. You will need to make some assumptions...
A:
Here is a function point worksheet for a class registration application Category Description Complex......
Q:
You read a study involving a new screen for rheumatoid arthritis, and the report indicates that those with the disease had the antibody levels shown in Table 3.3. How many subjects had their antibody...
A:
Antibody Level X Frequency F FX F 2 X Cumulative frequency CF 20 3 60 1200 3......
Q:
The accompanying graph plots the numbers of points scored in each Super Bowl to the last Super Bowl at the time of this writing. The graph of the quadratic equation that best fits the data is also...
A:
The coefficient of determination denoted as R measures how well the quadratic model fits the data po......
Q:
Look at Figure 8-6. Part (A) shows the lower half of a fusiform initial (actually most fusiform initials would be much taller than this), and part (B) shows the same cell after it has divided and one...
A:
In Figure 86 the fusiform initial divides periclinally in part B to produce a daughter cell that dev......
Q:
Introduction - AdCreate's Client Portfolio. Read the overview below and complete the activities that follow. AdCreate is a full-service advertising agency with several high profile marketing firms as...
A:
1 III option is true AdCreate paid CNN 345625 for the three ads AdCreate has a negotiated commission system agreement with Worry Free Financial Worry......
Q:
What kind of rays are X-rays?
A:
Xrays are......
Q:
In their study of children in play therapy (see Guided Practice 9.1), Reyes and Asbrand (2005) also measured the level of depression that the children had before and after therapy. They found that D...
A:
a These scores are considered paired data because the difference between each pair of pr......
Q:
John conducted a repeated-measures study to measure self-esteem among victims of domestic violence before and after they complete an 8-week program for abuse victims with 10 individuals. He...
A:
Based on Johns study Calculated t value 19 Table value at 9 degrees of freedom and at 05 level of si......
Q:
Larsen and Kozar (2005) investigated the effectiveness of a computer administered alcohol education program for college students who had been disciplined for alcohol abuse on campus. The participants...
A:
1 H 0 D 0 H 1 D 0 2 df n 1 9 1 8 3 Critical t 1860 4 Reject......
Q:
On December 31, 2021, L Inc. had a $1,600,000 note payable outstanding, due July 31, 2022. L borrowed the money to finance construction of a new plant. L planned to refinance the note by issuing...
A:
To determine the amount of the note payable that should......
Q:
The bottom chord AB in a small truss ABC (see figure) is fabricated from a W8 Ã 28 wide-flange steel section. The cross-sectional area A = 8.25 in.2 (Appendix E, Table E-1 (a)) and each of the...
A:
Statics N AB 90 kips compression Normal and......
Q:
You borrow $85,000; the annual loan payments are $8,273.59 for 30 years. What interest rate are you being charged?
A:
With a calculator enter N 3......
Q:
Monkeys are mammals. Translate the following into standard-form categorical propositions.
A:
The statement Monkeys are mammals can be directly translated into stand......
Q:
Managers of Tom Brown Distributors are evaluating the compensation system for the company's sales personnel. Currently, the two salespeople have a combined salary of $60,000 per year and earn a 3%...
A:
a Current system 03 sales 60000 Salary and 5 05 sales......
Q:
a. b. C. If the current price of stock Q is Po = $22.105, find the actual rate of return on stock Q. Note: Q is a constant growth stock. (8 points) Find the equilibrium rate of return for stock Q. (6...
A:
a To find the actual rate of return on stock Q you can use the Gordon Growth Model Dividend Discount......
Q:
What transportation challenges does Peapod face? Compare transportation costs at online grocers and supermarket chains.
A:
Peapod faces the burden of expensive outbound transportation costs and must acc......
Q:
A family science researcher is interested in whether families spend more time together after the parents take a parenting class. To measure the time families spend together, the researcher collects...
A:
a These scores are considered paired data because they are collected from the same group of families and represent the number of dinners per week for each family before and after they took the parenti......
Q:
Describe the relationship between the sample size and the decision to reject or retain the null hypothesis in a paired-samples t-test.
A:
When we increase the sample size decrease the standard error or increas......
Q:
A co-op student, Toni Johnston, encountered the following situations at Chin Corporation, a publicly traded company: 1. Toni learned that Chin is depreciating its buildings and equipment, but not its...
A:
1 Depreciation is the process of allocating the cost of a longlived asset to expense over the assets......
Q:
A firm's operating cycle and fixed asset cycle are interrelated and affected by the industry in which the firm operates. Do you agree or disagree? Discuss the statement. As part of your response you...
A:
I agree with the statement that a firms operating cycle and fixed asset cycle are interrelated and affected by the industry in which the firm operates......
Q:
You work as a data analyst at the Beachside Real Estate agency in the City of Beachside, a council located in Melbourne, Victoria. Your role includes the analysis of a variety of housing data...
A:
Certainly theres a structured survey instrument with 20 questions designed to provide potential buyers with a snapshot of selected suburbs within the City of Beachside The survey aims to be concise ta......
Q:
1. You are the Chief Finance Officer (CFO) of John Ltd. and have prepared the financial reports for one of your clients, Rusty Ltd. Sarah is the Managing Director (MD) of Rusty Ltd, and she has...
A:
1 Revaluation of NonCurrent Assets in Laymens Terms for Sarah Sarah think of revaluing assets like assessing the value of your belongings Imagine you......
Q:
John wants to make some phone calls within the US, to Canada,to France and to Germany. The rates per minute for these calls vary for the different countries. Use the information in the following...
A:
Mathematical model is given as follows 15x 10y 6z 5t 273 20x 5y 3z 4t 266 1......
Q:
Given the following information, calculate earnings per share (round to the nearest cent). Earnings before depreciation and taxes Depreciation expense Tax rate Common dividends paid Number of shares...
A:
To calculate earnings per share EPS you can use the following formula EPS fracEarnings Preferred Div......
Q:
Suppose that there is a 1% probability that operational risk losses of a certain type exceed $10 million. Use the power law to estimate the 99.97% worst-case operational risk loss when the _...
A:
a In this case K 10e 025 001 so that K 001778 The 99......
Q:
Write electron configurations for the following ions, and determine which have noble-gas configurations: (a) Cd2+ (b) p3- (c) Zr4+ (d) Ru3+ (e) As3- (f) Ag+
A:
a Cd 2 Kr 4d 10 b p 3 Ne 3s 2 3p 6 Ar......
Q:
In Exercises 13 through 20, use the chain rule to compute the derivative dy/dx for the given value of x. y ==;u= u 3 - 1 for x 2
A:
1 y U dy du dy dx u u 1 U......
Q:
Nearly all the antibiotics used to stop bacterial infections are natural compounds that come from microbes themselves. For example, penicillin is derived from a fungus, while vancomycin, the...
A:
1 Microbes produce chemicals that are inhibitory to other microbes it i......
Q:
If f and g are linear functions, what can you say about the domain of fog and the domain of gof?
A:
To conclude I can say that there is......
Q:
The AICPAs and PCAOBs standards underlying an audit are the same, and each contain four categories of standards. (T/F)
A:
Click to View...
Q:
On July 1, 2015, Flashlight Corporation sold equipment it had recently purchased to an unaffiliated company for $480,000. The equipment had a book value on Flashlight's books of $390,000 and a...
A:
2015 July 1 Obligations under Capital Leases 95000 Cash 95000 To record first lease payment 2016 Jun......
Q:
"A computer company is writing the first stage of a more efficient accounting system that will be used by thegovernment.Thissystemwillsavetaxpayersaconsiderableamountofmoneyeveryyear.Acomputer...
A:
Ethical Issue The ethical issue in this case is the failure to prioritize userfriendliness and user experience in the design and implementation of the......
Q:
Table 1 shows Apple's online orders for the last week. When shoppers place an online order, several "recommended products" (upsells) are shown as at checkout an attempt to upsell See table 2 in cell...
A:
REPORT All the orders that were placed transactions were eligible since non of the orders had the products iPad mini iPad pro special offer or iPhone......
Q:
Determine X() 2 | (t) e
A:
2 xt e 3D xle at c at xlt That......
Q:
If the pressure drop in a H 2 O pipeline with a turbulent flow is 25 psi for a standard/ordinary steel pipe. What would the pressure drop be if the copper pipe was used? use the roughness...
A:
per copper pipe Given Turbuelent flow for steel......
Q:
Below is The capital structure of the company is shown in Table Q2. Using the given : a) Analayse whether a change in dividend policy will affect the share price of DD Co. B) Explain why DD Cos...
A:
Debt equity ratio Total liabilities Total shareholders equity Debt equity ratio 3060 05 a When a com......
Q:
1. Acquiring Corporation ("P") has 500,000 shares of voting common stock outstanding (value $10 per share) and $500,000 of accumulated earnings and profits. Target Corporation ("T") has assets with...
A:
Lets analyze the tax consequences of each of the alternative transactions involving Acquiring Corporation P Target Corporation T and Ts shareholders a T merges into P in a qualified Type A reorganizat......
Q:
Fidelity large company mutual fund last year delivered low returns, if fact standard deviation was 12% and the mutual fund return was 38%. Because of the inflation expectations were low six months...
A:
To calculate the capital allocation line CAL slope of a portfolio created by the Fidelity Mutual Fun......
Q:
1. Convert the table to 1NF. Show the primary key(s). 2. Convert the table(s) to 2NF. Show the primary key(s). 3. Convert the table(s) to 3NF. Show the primary key(s).
A:
Click to View...
Q:
We paid L. 10,000.00 in cash, L. 20,000.00 with a check made out to Banco Atlantida for a Bill of Exchange in our charge of L. 60,000.00 and for the rest we signed a new bill of exchange, which would...
A:
To record the transaction you described in accounting you would make the following journal entries 1......
Q:
Mr. Hill earned a $94,750 salary, and Ms. Gomez earned a $208,000 salary. Neither individual had any other income, and neither can itemize deductions. Assume the taxable year is 2022. Use Individual...
A:
a Compute Ms Gomez and Mr Hills combined tax if they file as single individuals Mr Hills Tax Mr Hill......
Q:
You are the newly appointed tax practitioner to complete Emilys tax return and have downloaded the prefill report for Emilys tax return (hint, you can read what a prefill report is here (Links to an...
A:
Answer 1 Taxable income is the portion of an individuals or a companys income used to calculate how......
A Circular Economy Handbook 2nd Edition - ISBN: 1789665310 - Free Book