1 point) Redo problem 5 in section 6.3 of your textbook (page 288) using a constant...
1 point) Redo problem 5 in section 6.3 of your textbook (page 288) using a constant income stream of $4950 per year over a 4 year period. Round your answers to the nearest cent.
a) Find the present value of the business if the annual interest rate, compounded continuously, is 4%. Present Value = $ b) With this interest rate, what is the value of the business at the end of the four year period? Answer: $
c) Find the present value of the business if the annual interest rate, compounded continuously, is 10.5%. Present Value = $
d) With this interest rate, what is the value of the business at the end of the four year period? Answer: $
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1 point) Redo problem 5 in section 6.3 of your textbook (page
288) using a constant...
please, i need help with the answer thank you 6.3(3) At the end of each month, for 36 months, $500 is put into an a...
please, i need help with the answer thank you
6.3(3)
At the end of each month, for 36 months, $500 is put into an account paying 9 % annual interest compounded continuously. Find the future value of this account. Round your answer to the nearest cent.
The answer above is NOT correct. (1 point) Redo exercise 22 in section 8.1 of your textbook, abou...
The answer above is NOT correct. (1 point) Redo exercise 22 in section 8.1 of your textbook, about the not-so-enthusiastic student, using the following data If the student attends class on a certain Friday, then he is five times as likely to be absent the next Friday as to attend. If the student is absent on a certain Friday, then he is three times as likely to attend class the next Friday as to be absent again Assume that state...
1.Future Value: Ordinary Annuity versus Annuity Due What is the future value of a 3%, 5-year...
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Page 2 of 6 Problem 2 A certain U.S. Treasury bond that matures in 15 years has a $10,000 face va...
Page 2 of 6 Problem 2 A certain U.S. Treasury bond that matures in 15 years has a $10,000 face value. This means that the bondholder will receive $10,000.00 cash when the bond's maturity date is reached. The bond pays an annual nominal interest of 8% of its face value in semi-annual installments starting at the end of the 1st semi-annual period. a) Draw a cash flow diagram showing bond payments. b) What is its present worth. PW, ifthe prevailing...
51 and 52 tream over he generated at the sea verwei + 20 thousand dollars/ye woening...
51 and 52
tream over he generated at the sea verwei + 20 thousand dollars/ye woening of the te he period is 5 sult of increas er of alcohol- eliminary data as been chang- 49. FUTURE VALUE Vegan Restaurant expect operation, revenue will be generar R(O) = 100 + 20 thousand number of years after the grand on If the prevailing rate of interest compounded continuously, what wil will be the value cod of 5 years? Find the Un country....
(1 point) Your rich uncle the bequest require that this income stream be paid continuously into a...
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1. You have $49,061.69 in a brokerage account, and you plan to deposit an additional $5,000...
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Chapter 6, Section 6.5, Question 005 PRINTER VERSION Your answer is partially correct. Try again. Assuming...
Chapter 6, Section 6.5, Question 005 PRINTER VERSION Your answer is partially correct. Try again. Assuming an interest rate of 4% compounded continuously, answer the following questions. (a) Find the future value in 10 years of a payment of $12,000 made today. Round your answer to two decimal places. 17901.90 (b) Find the future value of an income stream of $1200 per year over 10 years. Round your answer to two decimal places 112548 59 (c) Which is larger, the...
The function f(x) - 0 04x500 represents the rate of flow of money in dollars per...
The function f(x) - 0 04x500 represents the rate of flow of money in dollars per year. Assume a 10-year period at 8% compounded continuously. Find (A) the present value and (b) the accumulated amount of money sowat 10 (A) The present value iss (Do not round until the final answer. Then round to the nearest cent as needed.) (B) The accumulated amount of money flow at 10 is $ (Do not round until the final answer. Then round to...
I can't make excel figure out the continuous interest. (#4) You plan to invest $2,100 in...
I can't make excel figure out the continuous interest. (#4)
You plan to invest $2,100 in an individual retirement arrangement (IRA) today at a nominal Compounding frequency and time value Personal Finance Problem annual rate of 8%, which is expected to apply to all future years. a. How much will you have in the account at the end of 9 years if interest is compounded (1) annually, (2) semiannually, (3) daily (assume a 365-day year), and (4) continuously? b. What...
please, i need help with the answer thank you
6.3(3)
At the end of each month, for 36 months, $500 is put into an account paying 9 % annual interest compounded continuously. Find the future value of this account. Round your answer to the nearest cent.
The answer above is NOT correct. (1 point) Redo exercise 22 in section 8.1 of your textbook, about the not-so-enthusiastic student, using the following data If the student attends class on a certain Friday, then he is five times as likely to be absent the next Friday as to attend. If the student is absent on a certain Friday, then he is three times as likely to attend class the next Friday as to be absent again Assume that state...
Page 2 of 6 Problem 2 A certain U.S. Treasury bond that matures in 15 years has a $10,000 face value. This means that the bondholder will receive $10,000.00 cash when the bond's maturity date is reached. The bond pays an annual nominal interest of 8% of its face value in semi-annual installments starting at the end of the 1st semi-annual period. a) Draw a cash flow diagram showing bond payments. b) What is its present worth. PW, ifthe prevailing...
51 and 52
tream over he generated at the sea verwei + 20 thousand dollars/ye woening of the te he period is 5 sult of increas er of alcohol- eliminary data as been chang- 49. FUTURE VALUE Vegan Restaurant expect operation, revenue will be generar R(O) = 100 + 20 thousand number of years after the grand on If the prevailing rate of interest compounded continuously, what wil will be the value cod of 5 years? Find the Un country....
(1 point) Your rich uncle the bequest require that this income stream be paid continuously into a specific savings account that will not be available to you for 15 years. This account earns 4.8% interest, compounded continuously. to you a continuous, constant income stream of $2000 per year for the next 15 years. The terms of What is the present value of the bequest? 21385.322 How much money would the bequest be worth (including all interest accrued) after 15 years?...
Chapter 6, Section 6.5, Question 005 PRINTER VERSION Your answer is partially correct. Try again. Assuming an interest rate of 4% compounded continuously, answer the following questions. (a) Find the future value in 10 years of a payment of $12,000 made today. Round your answer to two decimal places. 17901.90 (b) Find the future value of an income stream of $1200 per year over 10 years. Round your answer to two decimal places 112548 59 (c) Which is larger, the...
The function f(x) - 0 04x500 represents the rate of flow of money in dollars per year. Assume a 10-year period at 8% compounded continuously. Find (A) the present value and (b) the accumulated amount of money sowat 10 (A) The present value iss (Do not round until the final answer. Then round to the nearest cent as needed.) (B) The accumulated amount of money flow at 10 is $ (Do not round until the final answer. Then round to...
I can't make excel figure out the continuous interest. (#4)
You plan to invest $2,100 in an individual retirement arrangement (IRA) today at a nominal Compounding frequency and time value Personal Finance Problem annual rate of 8%, which is expected to apply to all future years. a. How much will you have in the account at the end of 9 years if interest is compounded (1) annually, (2) semiannually, (3) daily (assume a 365-day year), and (4) continuously? b. What...
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