What is the future worth of an equal payment series of $3,000 each quarter for 5 years

Question:

What is the future worth of an equal payment series of $3,000 each quarter for 5 years if the interest rate is 8%/year compounded continuously?
a. $73,037
b. $72,892
c. $70,862
d. $70,399

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

Step by Step Answer:

Related Book For book-img-for-question

The Physical Universe

ISBN: 978-0077862619

16th edition

Authors: Konrad B Krauskopf, Arthur Beiser

See More Books

Question Posted: Mar 05, 2018 11:17 AM

See More Questions

What is the future value of an initial $100 after 3 years if it is invested in an account paying 10%annual interest?
What is the future value in six years of $ 1,000 invested in an account with a stated annual interest rate of 9 percent? a. Compounded annually? b. Compounded semiannually? c. Compounded monthly? d....
What is the future value in three years of $1,800 invested in an account with a stated annual interest rate of 10 percent, a. Compounded annually? b. Compounded semiannually? c. Compounded monthly?...
Suppose you want to buy a house that is sold by way of a first-price sealed bid auction. In contrast to the model in the lecture, there are more than 2 players. Players simultaneously and...
A thin equilateral-triangle plate is immersed parallel to a 12 m/s stream of water 20°C, as in Fig. P7.34. Assuming Retr = 5 Ã 105, estimate the drag of this plate. 2 m strip 2tm 2 m 12 m/s
Solve the equation graphically. Express any solutions to the nearest thousandth log, (1 + x + 2x^) = 4
What are the characteristics and advantages of the graphical user interface (GUI)?
Shalit Corporations 2008 sales were $12 million. Its 2003 sales were $6 million. a. At what rate have sales been growing? b. Suppose someone made this statement: Sales doubled in 5 years. This...
Use the information provided in the table to answer the following questions. Assume that there were no changes in any other asset or liability accounts. December 2022 December 2023 Net Income...
Access EDGAR | Company filings "Name Search" Avon Products. Once you are on the companys current page, click on 10-K Interactive Data. Tell the class the name of the company you chose and discuss the...
What is the evidence that Mark Parker and Nike understand the impact of environmental sustainability on their business practices?
What is the maximum dose of radiation allowed to the whole body during a calendar quarter for a 17-year-old individual?
Revisit the US census Bureau website (www.census.gov) and list secondary data that might be useful in opening your dry cleaning business.
Two vertical springs, one with spring constant $k$ and the other with spring constant $2 k$, each have a ball of mass $m$ hanging from them. Compare the period of oscillation of the two springs...
At present, Global Skateboards Limited is considering expanding its product line to include solar powered skateboards; however, it is questionable how well they will be received by skateboarders....
Decathlon Stores is expanding operations with the introduction of a new distribution center. Not only will sales increase but investment in inventory will decline due to increased efficiencies in...
Kuehne & Nagel International AG is considering the purchase of a new packing machine for $$345,000$. The purchase of this machine will result in an increase in earnings before interest and taxes of...
Mandalay Industries is considering a new project with a 4-year life with the following cost and revenue data. This project will require an investment of $$145,000$ in new equipment. This new...
Determine the following indefinite integrals. Check your work by differentiation. (sec 2 (x - 1) dx
If the cylinder described in Problem 21.3 were initially heated to 500F, how long would it take for the center of the cylinder to cool to 240F if it were constructed of a. Copper? b. Brass? c. Nickel?
There is no such thing as a fixed cost all costs can be unfixed given sufficient time. Do you agree? What is the implication of you answer for CVP analysis?
How can a company with multiple products compute its breakeven point?
How can a company with multiple products compute its breakeven point?
How should an organization deal with third-party network access?
a) In a circuit under test a resistor, R, is connected in series with a capacitor, C. An a.c. current, i, flows through this RC combination, causing a voltage (VR) of 6V to be developed across the...
Assignment Instructions: Complete your Capstone Project paper by submitting a project based on previous research and coursework that you have completed in Cybersecurity or on a Cybersecurity topic...

What is the future worth of an equal payment series of $3,000 each quarter for 5 years

Question:

Step by Step Answer:

Periodic Payment Term No ...View the full answer

The Physical Universe

Students also viewed these Corporate Finance questions