What is the current economic value of an inheritance that will pay $ 1 , 7 0

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

Question:

What is the current economic value of an inheritance that will pay $

1, 700

to the beneficiary at the beginning of every three months for

20

years starting when the beneficiary reaches

21

years of age,

4 1 / 4

years from now? Assume that money can earn

7.8 %

compounded monthly.

(

Do not round intermediate calculations and round your final answer to

2

decimal places.

)

Posted Date: May 19, 2024 03:10 AM

See More Questions

Mr. Ajay's trial balance is as follows. Trial Balance for the year ended 31st March, 2017 Amt Debit Balances To Opening Stock To Purchases To Wages To Investment To Carriage outwards To Printing and...
To remove the lid from a 5-gallon pail, the tool shown is used to apply an upward and radially outward force to the bottom inside rim of the lid. Assuming that the top and the rim of the lid rest...
bedroom floor $12 \mathrm{~km}^{2}$ $12 \mathrm{~m}^{2}$ $12 \mathrm{~cm}^{2}$ $12 \mathrm{~mm}^{2}$ Determine the most reasonable value for each area.
Internal Control for Cash} After comparing cash register tapes with inventory records, the accountant for Ming Convenience Stores is concerned that someone at one of the stores is not recording some...
On January 4, 2010, Dunbar Company purchased, on credit, 2,000 television sets at $500 each. Terms of the purchase were 2/10, n/30. Dunbar paid for 20% of these sets on January 13 and the remaining...
A Mortgage will be repaid over 360 months. Use the information in the table below to answer the following: 1. What is your monthly payment? 2 . What is the total $ amount of payments over the life of...
Describe a decision you have made that closely aligns with the assumptions of perfect rationality. Compare this with the process you used to select your major. Did you depart from the rational model...
Breakfast of a peanut butter sandwich with a glass of milk contains 60 grams of carbohydrates, 20 grams of protein, and 10 grams of fat. How much energy (calories) is in this breakfast?
Bartlett Car Wash Company is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $90,775 per year. Other information about this proposed project follows:...
Analyze how organizational purpose can empower a business strategy. Explain what a purpose-driven organization is and identify how it can lead to a competitive business strategy. analyze how state...
describe maybelline foundation finder. describe brand, packaging, quality,colours, variants and services. Describe the STAGE OF THE PRODUCT LIFECYCLE the product used and include facts that support...
The Cartesian product of two sets S and T, written S XT, is the set of all ordered pairs (s, t) where s E S and t = T. That is, Notice that the cardinality of S XT is SxT={(s, t) | SET, tT}. |ST| =...
Ross Company makes handbags. Last month, direct materials (leather, thread, zippers, decorative accents) costing $76,000 were put into production. Ross Company had 30 workers, each of whom worked for...
Alejo Carpentier en La Habana en 1904. Despus de vivir once aos en y catorce en , regres a . Esta ciudad era para l el lugar perfecto para escribir novelas. En sus narraciones, Carpentier incorpor la...
A random sample of 10 houses heated with natural gas in a particular area, is selected, and the amount of gas (in therms) used during the month of January is determined for each house. The resulting...
The Danner Corporation reported the following accounting income before income taxes, income taxes expense, and net income for 20x6 and 20x7: On the balance sheet, deferred income taxes liability...
Contingent Liabilities Several items are listed for which the outcome of events is unknown at year-end. a. A company has been sued by the federal government for price fixing. The companys legal...
Using the corporate tax rate schedule in Table 1, compute the income tax liability for the following situations: Situation Taxable Income A $ 70,000 B 85,000 C 320,000 Income Tax Allocation

What is the current economic value of an inheritance that will pay $ 1 , 7 0

Question:

Expert Answer:

Students also viewed these finance questions