The amount of $39 600 is invested at 3.5% compounded quarterly. After four years the balance in
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (15 reviews)
FV 39 60000100875 16 39 6001149574 45 ...View the full answer
Answered By
Muhammad Ahtsham Shabbir
I am a professional freelance writer with more than 7 years’ experience in academic writing. I have a Bachelor`s Degree in Commerce and Master's Degree in Computer Science. I can provide my services in various subjects.
I have professional excellent skills in Microsoft ® Office packages such as Microsoft ® Word, Microsoft ® Excel, and Microsoft ® PowerPoint. Moreover, I have excellent research skills and outstanding analytical and critical thinking skills; a combination that I apply in every paper I handle.
I am conversant with the various citation styles, among them; APA, MLA, Chicago, Havard, and AMA. I also strive to deliver the best to my clients and in a timely manner.My work is always 100% original. I honestly understand the concern of plagiarism and its consequences. As such, I ensure that I check the assignment for any plagiarism before submission.
4.80+
392+ Reviews
587+ Question Solved
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
Question Posted:
Students also viewed these Finance questions
-
What is the future value of an annuity due of $5,645 paid every six months for three years at 6% annual interest compounded semiannually? What is the interest?
-
The amount of $27 350 is invested at 6% compounded monthly for 6 years. After the initial 6-year period, the balance in the fund is converted into an annuity due paying $1600 every 6 months. If...
-
An unavoidable cost may be met by outlays of $10 000 now and $2000 at the end of every six months for seven years or by making monthly payments of $500 in advance for seven years. Interest is 7%...
-
Project P costs $15,000 and is expected to produce benefits (cash flows) of $4,500 per year for five years. Project Q costs $37,500 and is expected to produce cash flows of $11,100 per year for five...
-
Forty-four percent of consumers with credit cards carry balances from month to month (bankrate.com, February 20, 2007). Four consumers with credit cards are randomly selected. a. What is the...
-
John Wood, Inc. has recently issued zero-coupon bonds at a par value of $1,000. The aforementioned bond possesses an 8-year term to maturity, alongside a semi-annual compounded yield to maturity of...
-
These data consist of the 503 daily returns for the calendar years 2005 and 2006 of the S\&P value-weighted index. (The data file contains additional years - this exercise uses only 2005 and 2006...
-
Duval Ford, LLC, sold a new Ford F-250 pick-up truck to David Sweat. Before taking delivery, Sweat ordered a lift kit to be installed on the truck by a Duval subcontractor. Sweat also replaced the...
-
Porter's Five New Industry Forces Rivalry Among Existing Competitors Threats of New Entrants to the Market Bargaining Power of Suppliers Threat of Substitute Products Medium because operators in the...
-
The BKB bank receives several applications for home loan and home improvement loan. The KYC document captures data that is available in the file BKB.xls a. Develop appropriate charts for the...
-
Ken acquired his sisters share of their business by agreeing to make payments of $4000 at the end of each year for 12 years. If the payments are deferred for 3 years and money is worth 5% compounded...
-
A regular deposit of $100 is made at the beginning of each year for 20 years. Simple interest is calculated at i% per year for the 20 years. At the end of the 20-year period, the total interest in...
-
Many individuals and group members leave or exit their deviant careers. Explain the process of exiting and the factors which make exiting more or less likely.
-
Assume 4 LANs are connected by bridges as shown below figure and mac address table at each bridge is initially empty. Use following table to show updated mac address table. At bridge 1: At bridge 2:...
-
Solution guidelines For problems that require you to provide an algorithm, you must provide: 1. pseudocode and, if helpful, a precise description of the algorithm in English. As always, pseudocode...
-
NB: design the two types of automated system that you studied during your lab visit. Make sure that you demonstrate the different between the two types of automated pneumatic system. 3. Method...
-
Department -name: String +getName(): String +setName(n: String) 1.." manage Company -name: String +getName(): String +setName(n: String) 1 managedBy Employee -name: String -title: String +getName():...
-
An elementary function is approximated by a polynomial. In your own words, describe what is meant by saying that the polynomial is expanded about c or centered at c.
-
A company has the following incomplete production budget data for the first quarter: In the previous December, ending inventory was 200 units, which was the minimum required, at 10% of projected...
-
The Senate is in the middle of a floor debate, and a filibuster is threatened. Senator Hanks, who is still vacillating, has a probability of .1 of changing his mind during the next 5 minutes. If this...
-
Table 4 gives the percentage of the U.S. population living in the northeast region during the indicated years. The following transition matrix P is proposed as a model for the data, where N...
-
In Problem, could the given matrix be the transition matrix of a regular Markov chain? 1
-
Before you begin your website, go online and research what you consider best practices in web design. Find websites for three businesses similar to yours. Analyze them by considering the following:...
-
Assume that part of accounts and other receivables on Thompson Toys' February 2 , 2 0 1 0 , balance sheet is comprised of $ 4 3 , 2 2 5 , 0 0 0 of notes receivable. Two notes make up the amount. The...
-
The Dairy Division of Famous Foods, Inc. produces and sells milk to outside customers. The operation has the capacity to produce 200,000 gallons of milk a year. Last year's operating results were as...
Study smarter with the SolutionInn App