What is the present worth of a series of equal quarterly payments of $3000 that extends over

Question:

What is the present worth of a series of equal quarterly payments of $3000 that extends over a period of 8 years if the interest rate is 10% compounded monthly?

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

Step by Step Answer:

Related Book For book-img-for-question

Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

See More Books

Question Posted: May 24, 2016 06:58 AM

See More Questions

What is the present worth of a $50,000 debenture bond that has a bond coupon rate of 8% per year, payable quarterly? The bond matures in 15 years. The interest rate in the marketplace is 6% per year,...
What is the present worth of these future payments? (a) $15,500 eight years from now at 14% compounded annually (b) $18,000 twelve years from now at 4% compounded annually (c) $20,000 nine years from...
What is the present worth of the following series of payments? (a) $1,000 at the end of each year for 8 years at 6.8% compounded annually (b) $3,500 at the end of each year for 12 years at 9.5%...
Suppose you are the manager of an investment fund. The fund is invested in following three assets with the following investments and betas: Stock Shares C Price per share 50,000 $50 MCD 10,000 $200...
What is a foreign key? Why are foreign keys used or required in a relational database? Are duplicate foreign key values allowed? Why or why not?
A histogram of the connection time, in seconds, to an Internet service provider for 30 randomly selected connections is shown. The mean connection time is 39.007 seconds and the median connection...
The data in Table 19.8 are from Gamage et al. (2007). These data are for 36 months of medical-care payments, from January 2001 through December 2003, inclusive. These are payments for medical-care...
Your parents are considering investing in PepsiCo, Inc., common stock. They ask you, as an accounting expert, to make an analysis of the company for them. Fortunately, excerpts from a current annual...
Any two linearly independent functions y(x) and y2(a) that have continuous second derivatives satisfy a unique second order homogeneous linear ODE of the form Ly=y" + pi(x)y' + p2(x)y = 0.
Bill Zimmerman is evaluating two new business opportunities. Each of the opportunities shown below has a 15-year life. Bill uses a 12% discount rate. Required a. Calculate the net present value of...
Ann deposits $100 at the end of each month into her bank savings account. The bank paid 6% nominal interest, compounded and paid quarterly. No interest was paid on money not in the account for the...
The first of a series of equal semiannual cash flows occurs on July 1, 1997, and the last occurs on January 1, 2010. Each cash flow is equal to $128,000. The nominal interest rate is 12% compounded...
What makes mass media advertising attractive to many companies?
Consider a two-period, small, open, endowment economy with durable con- sumption goods. Purchases of durable consumption goods in period 1, de- noted C, continue to provide utility in period 2. The...
A firm has a fixed cost of $100 and average variable cost of $ 5Q, where Q is the number of units produced. a. Construct a table showing total cost for Q b. Graph the firm's curves for marginal cost...
Lorena B wishes to estimate for her product Cuts, a non-linear multiplicative demand equation of the form Qdx= A PxPxPd1" Where Ods and represent the quantity demanded and price of Cuts, Py, and Pz...
There is a project for which player 1 can exert effort e 20 that costs her c(e) = 0.5e. If player 1 and player 2 can come to an agreement, then a total value of v(e) = e is produced, which can be...
5. Consider a bond market in which Bond A has maturity T = 5 years, pays annual coupons of size c = 2%, and has a current price of 1.02. Bond B has the same maturity T = 5 years, pays annual coupons...
Julia Sims has $30,000 of adjusted gross income and $5,000 of medical expenses. She expects to itemize her tax deductions this year. The most recent tax year has a medical expenses floor of 10...
Is it a breach of fiduciary duty for a director of a real estate investment trust (REIT) negotiating a joint venture on behalf of the REIT with another director for the development of a portfolio of...
Delta Corporation earned $2.50 per share during fiscal year 2008 and paid cash dividends of $1.00 per share. During the fiscal year that just ended on December 31, 2009, Delta earned $3.00 per share,...
Describe the general relationship between net income and net cash flows from operating activities for the firm. Has the buildup in plant and equipment been financed in a satisfactory manner? Briefly...
"Early in 2005, Herndon Industries was formed with authorization to issue 200,000 shares of $10 .par value common stock and 30,000 shares of $100 par value cumulative preferred stock. During 2005,...
How does the 360-degree feedback method address the court's six stress issues depicted in Gerhart and Newman's reading? Since the Brito case, there has been growing evidence that the courts have very...
Read"Why Race Isn't as"Black"and White"as We Think"by Brent Staples. What can you find out about your own racial,religious,and cultural heritage? Search the Gateway library database: Ancestry Library...
Describe the classic steps for identifying an endocrine gland. Are these steps practical for identifying the sources of all the hormones we know of today? Explain.

What is the present worth of a series of equal quarterly payments of $3000 that extends over

Question:

Step by Step Answer:

Compute the effective interest rate per quar...View the full answer

Engineering Economic Analysis

Students also viewed these Accounting questions