Question: The discounted value is $ What is the discounted value of $1534.00 paid at the end of every three months for 5 years if interest

What is the discounted value of $1534.00 paid at the end of

The discounted value is $

What is the discounted value of $1534.00 paid at the end of every three months for 5 years if interest is 4% per annum compounded monthly? The discounted value is $

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!

The subject is business finance and the lesson is about present and future value and loan amortization 1. You are investing P10,000 today in a savings account at your local bank. Which one of the...

Please answer this as soon as possible. The present value of an annuity of $2,000 payable at the start of each month at J12 = 12% for 8 years is: Select one: O A. $290,271.42 O B. $124,285.96 O C....

i have completed the begining of journal. but still need the depreciations and expenses for the bottom of it. Can you alos fill out the general ledgers, trial balance , income statement snd statement...

Please help me balance my post closing balance!!!!! I don't know where I made my errors. Accounting Cycle Project Solid Footing 9e Project is Activated Save>SAVING your project following these...

Tsar Alexander's Gold Loan. The Russian government of Tsar Alexander III issued a 100-year bearer bond 1894 (one of the coupon payments and the bond itself are reproduced here |). A bearer bond is a...

July 2023 Transactions Date Description of the Transaction July 1 Borrow $35,000.00 from 1 st Bank by signing a 24 month note. (As an example of how to journalize and post a transaction - this...

x cut Cocy. Poste & Format My1 Borrow $35.000.000 from fat Bank by sking a 24 month My 1 Peche ST155000 cash from westors and 571 550 00 Centro Shack to the Myt March 30,000.00 ptg cash to the mode...

..Answer the following questions.,, Case II - Godiva Case Any of irrelevant information to the question below, you can ignore from the description. This case is updated or continued from the first...

Date Description of the Transaction July 1 Borrow $35,000.00 from 1st Bank by signing a 24 month note. (Aa en exampte of how to joumalize and post a thankaction - thie transaction has already been...

Need help with all journal entries, along with the GL Assets, GL Liab-Equity, GL Rev-Exp, Trial Balance, IS & SEquity, Balance Sheet, and Post Close TB. --- Home Insert Draw Page Layout Formulas Data...

The following is the adjusted trial balance for Rapid Car Services for the most recent year: Rapid Car Services, Inc. Adjusted Trial Balance For the year ended December 31 Cash Accounts receivable...

What is your own personal definition of faith? Could a person have faith and yet not believe in a formalized religion? Explain.

13-5 Bronco Companys management accounting team uses the results from particular data analytics to select its optimal risk response to key risks. What analytic type does this behavior represent?...

Part 6 Identify Current and Needed Leadership Skills Note: Remember that skills are learned ( e . g . Excel, communication, delegating, etc. ) and traits are natural abilities that last a lifetime (...

2. Explain why employee engagement is important, and how to foster such engagement.pg 87

3. Discuss what employers and supervisors can do to support employees career development needs.pg 87

2. Develop a performance appraisal method for the workers and managers in each store.pg 87