Question: which expression is correct for the present value of an investment that is worth $9850 at the end of 6 years if interest is paid

  1. which expression is correct for the present value of an investment that is worth $9850 at the end of 6 years if interest is paid at 3% per year compounded quarterly
  2. simplify (3/32)x(2/3^-3)

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!

Q:

What is the present value of an investment earning 4% annual interest, compounded annually, if at the end of 10 years the investment is worth $16 250? Question 1 options: $10 977.92 $10 935.78 $10...

Q:

calculate The product development department of Very Trusty plc is contemplating renting a factory building on a four-year lease from Year 1, investing in some new plant, and using it to produce a...

Q:

1. You deposit $10,000 today in a savings account paying 6% per year, compounded quarterly. What is the future value (FV) at the end of five years? A. $13,382.26 B. $11,592.74 C. $10,772.84 D....

Q:

Please write the answers in a paper thank you. c. When Tonya was born. her grandparents invested $10 000 at 5% per year, compounded semi-annually. to pay for her education. I) What was the investment...

Q:

b. $600, 0.008 75, 16 d. $2400, 0.008 75, 4 13. $200 is invested monthly for 20 years into a fund that pays 7% per year, compounded monthly. Which are correct values for PMT, i, and n? a. $200,...

Q:

BUSINESS MATH CASE STUDY #2 Jessica and Ben met in their last year of college. They married later that year and both found jobs earning $78,640 per year between the two of them. However, they had...

Q:

Test 4 Annuities: FV, PV, Pmt from FV & PV K-A [20 marks] Multiple Choice Identify the choice that best completes the statement or answers the question. 1. Wilson makes monthly payments of $180 into...

Q:

6. 7 In order to buy a new car, you borrow $20,000 today. The loan is for 4 years with monthly payments. The interest rate is 6% per year, compounded monthly. How much is your monthly payment? A...

Q:

1 . The repair costs for some handheld equipment are estimated to be $120 the first year, increasing by $30 per year in subsequent years. The amount a person needs to deposit into a bank account...

Q:

8. A manufacturer purchased $15,000 worth of equipment with a useful life of six years and a $2000 salvage value at the end of the six years. Assuming a 12 % interest rate, the equivalent uniform...

Q:

On February 15, 2005, officers of Sun Corporation agreed with George Merlo, the sole stockholder of Merlo Company and Merlo Industries, Inc., to acquire all his common stock ownership in the two...

Q:

On what bases are investments valued on governmental fund balance sheets?

Q:

how might the choice of discount rate in discounted payback calculations affect a companys long term growth strategy

Q:

1) Write out the algorithm (pseudocode) to find K in the ordered array by the method that compares K to every fourth entry until K itself or an entry larger than K is found, and then, in the latter...