What amount three years ago is equivalent to $4800 on a date 1 years from now if money earns 8 compounded semiannually during the intervening time ...

What amount three years ago is equivalent to $4800 on a date 1 years from now

Question:

What amount three years ago is equivalent to $4800 on a date 1 ½ years from now if money earns 8% compounded semiannually during the intervening time?

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

Step by Step Answer:

Related Book For book-img-for-question

Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

See More Books

Question Posted: Jan 20, 2016 07:18 AM

See More Questions

What amount three years from now is equivalent to $3000 due five months from now? Assume that money can earn 7.5% compounded monthly.
What amount 15 months ago is equivalent to $2600, 1 years from now? Assume money can earn 5.4% compounded monthly.
Three years ago Yeagley and Sons purchased the three assets listed in the following table. The chief financial officer, Kathy Dillon, is presently trying to decide what to do with each asset. She has...
We have titrated natural water in which the primary buffering agent is carbonate species and understood how to predict the titration curve using the equilibrium constants of those weak acids. Plot...
Describe the basic procedure for computing income tax provisions for interim financial statements.
Explain the meaning of half-life.
For a specific paint application, a mixture of solvents is needed. The mixture will be identified by its ability to mix with water (total miscibility), its normal boiling point (determines the...
Refer to the information about Bonanza provided in Problem P12-16. You are an investment analyst for Remigny Venture Capital. Remigny raises capital from individual investors and invests in promising...
Selling price Variable expenses Contribution margin . Per Unit of Sales $ 80 52 100% 65 $ 28 35% Fixed expenses are $76,000 per month and the company is selling 4,600 units per month. Exercise 6-5...
Read the case given below and answer the questions at the end of the case: To say that I am exceedingly upset by what I witnessed in one of our dealer's offices. The other day would be a gross...
An Investment Savings account offered by a trust company pays a rate of 1.00% on the first $1000 of daily closing balance, 1.75% on the portion of the balance between $1000 and $3000, and 2.25% on...
A $1000 face value compound-interest Series S96 Canada Savings Bond was redeemed on March 14, 2010. What amount did the bonds owner receive? (Obtain the issue date and the interest rates paid on the...
Determine the truth value of the statement if (a) p is true, q is false, and r is true. (b) p is false, q is true, and r is true. (~ p ~ q) ~ r)
Que Corporation pays a regular dividend of $1 per share. Typically, the stock price drops by $0.84 per share when the stock goes ex-dividend. Suppose the capital gains tax rate is 18%, but investors...
Interest rate risk and bond price changes Fidelity Music Inc. has an older high-yield bond (i.e., junk bond) issue and a more recent investment grade bond issue, both with $1,000 par values....
The dollar cost of debt for Coval Consulting, a U.S. research firm, is 7.6%. The firm faces a tax rate of 30% on all income, no matter where it is earned. Managers in the firm need to know its yen...
Eagletrons current stock price is $10. Suppose that over the current year, the stock price will either increase by 102% or decrease by 56%. Also, the risk-free rate is 25% (EAR). a. What is the value...
Nile Builders Ltd. is entering into a one-year overhaul and remodeling project. This will have a limiting effect on earnings during that time, but when completed, it should allow the company to enjoy...
Find dy/dx in each case. a. b. y = (x + 4) 5 c) d) e) f) g) h) i) j) y= y = 4x-1
Show that gj concave AHUCQ Abadie For nonnegative variables, we have the following corollary.
An advertisement reads: "Point Grey Gem $2 798 000.00. Little Australia, by golf course & close to UBC, beaches, trails & shops! Immaculate 3422 square feet home, 6-bedrooms (4 bedrooms and office on...
ScanSoft Development Company is developing a new process to manufacture optical disks. The development costs were higher than expected, so ScanSoft required an immediate cash inflow of $5 200 000. To...
A $25 000, 10% bond redeemable at par on December 1, 2028, is purchased on September 25, 2017, to yield 7.6% compounded semi-annually. Bond interest is payable semi-annually. (a) What is the cash...
= 1 and we i) Consider the function h(x) =x sin(x). We seek to find where h(x) will do so by using the bisection method to find the root of f(x) = h(x) 1. Use the intermediate value theorem to argue...
A major sports league, comprised of 200 players, reported a loss of $580 million this year. The sports league has yearly fixed costs of $700 million. The league is considering shutting down for the...
Use the one-period model to explain why a tax on capital is not a good idea. Determine the effects of capital tax on aggregate output, consumption, employment, and the real wage. Please use diagrams...

What amount three years ago is equivalent to $4800 on a date 1 years from now

Question:

Step by Step Answer:

Equivalent amount FV 1...View the full answer

Business Mathematics In Canada

Students also viewed these Corporate Finance questions