What sum of money now is equivalent to $8250 two years hence, if interest is 4% per
Question:
What sum of money now is equivalent to $8250 two years hence, if interest is 4% per 6-month period?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (14 reviews)
F 8250 n 4 semiannual periods i...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics 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 single cash payment made now is equivalent to 11 years of payments of $4800 made at the end of every 6 months with interest at 4.4% compounded quarterly?
-
What sum of money when increased by 7% equals $52.43?
-
A Friedel-Crafts acylation of anisole with acetyl chloride affords a binary product with a total mass of 1.91 grams. This product is analyzed by gas chromatograph. The chromatogram shows two product...
-
The table shows the amount B (in millions of pounds) of beef produced on private farms each year from 2007 through 2014. (a) Use a graphing utility to create a scatter plot of the data. Let t...
-
Fairmont Industries primarily relies on 100% equity financing to fund projects. A good opportunity is available that will require $250,000 in capital. The Fairmont owner can supply the money from...
-
Use Table 1, or software, to find (a) \(B(7 ; 18,0.45)\); (b) \(b(7 ; 18,0.45)\); (c) \(B(8 ; 11,0.95)\); (d) \(b(8 ; 11,0.95)\); (e) \(\sum_{k=4}^{11} b(k ; 11,0.35)\); (f) \(\sum_{k=2}^{4} b(k ;...
-
Universal Chemical Company uses oil to produce two types of plastic products, P1 and P2. Universal budgeted 30,300 barrels of oil for purchase in April for $68 per barrel. Direct labor budgeted in...
-
a. Performed $8,200 of services on account. b. Collected $5,600 cash on accounts receivable. c. Paid $1,450 cash in advance for an insurance policy. d. Paid $400 on accounts payable. e. Recorded the...
-
A student performed two experiments to establish how effective manganese(iv) oxide was as a catalyst for the decomposition of hydrogen peroxide. The results below were obtained by carrying out these...
-
Consider the following cash flow: Year Cash Flow o..........................-$1000 1....................................0 2.............................+300 3.............................+300...
-
A sum of money invested at 2% per 6-month period (semiannually), will double in amount in approximately how many years?
-
Water skiers often ride to one side of the center line of a boat, as shown in FIGURE 7-20. In this case, the ski boat is traveling at 12 m/s and the tension in the rope is 91 N. If the boat does 3800...
-
(a) Mutale and Kafula are in business trading as partners. The following g is the draft statement of profit or loss for the partnership for the year ended 31 December 2020: (b) Gross profit Expenses...
-
Phill Steganography Project Attached Files: Image Steganography Setup.zip (342.015 KB) Since this is not really covered in TestOut, I have provided the above tutorial on using Image Steganography. In...
-
A P/inS = 80% # of units sold from P to S in year 1 # of units sold from P to S in year 2 # of units sold from S to P in year 1 # of units sold from S to P in year 2 # of units sold from S to...
-
Select] Within the Boston Consulting Group (BCG) Matrix. are offerings that are capturing a relatively high percentage of the market in a low-growth (i.e.. not growing quickly) market. We only want...
-
Writing Strong Body Paragraphs Overview: a organized A body paragraph is where you develop the ideas in your essay. A body paragraph is not stream of consciousness collection of ideas that you write...
-
Figure P24.49 shows a neutral conducting block with four hollow chambers inside. A charge of \(-5 q\) has collected on the outer surface of the block. Inside three of the chambers are particles that...
-
What is the maximum volume of 0.25 M sodium hypochlorite solution (NaOCl, laundry bleach) that can be prepared by dilution of 1.00 L of 0.80 M NaOCl?
-
Calculate the price of a 180-day T-bill purchased at a 5% discount rate if the T-bill has a face value of $5,000.
-
Consider the two mutually exclusive investment alternatives given in Table P7.41. TABLE P7.4I (a) Determine the IRR on the incremental investment in the amount of $5,000. (Assume that MARR = 10%.)...
-
Consider the two mutually exclusive investment projects given in Table P7.43. TABLE P7.43 Assume that MARR = 15%. (a) According to the IRR criterion, which project would be selected? (b) Sketch the...
-
You are considering two types of automobiles. Model A costs $18,000 and model B costs $15,624. Although the two models are essentially the same, after four years of use, model A can be sold for...
-
What are some of the best ways for attaining skills in active listening?
-
. Do you agree with the following statement: "English is a powerful tool that has become entrenched in business processes worldwide-whether for analyzing stocks or issuers, budgeting, or organizing...
-
As a roofer business owner describe the importance of effective communication in your current work/role?
Study smarter with the SolutionInn App