Ben Franklin’s gift of $5000 to New York City group to $2 million and 200 years....
Homework Answers
rate positively ..
| We have to use financial calculator to solve this | |||||
| Put in calculator- | |||||
| FV | 2000000 | ||||
| PV | -5000 | ||||
| PMT | 0 | ||||
| N | 200 | ||||
| compute I | 3.04% | ||||
| ans = | 3.04% | ||||
Add Answer to:
Ben Franklin’s gift of $5000 to New York City group to $2 million and 200 years....
A gift of $6000 to a cuty grew to $9,000,000 in 200 years. At what interest...
A gift of $6000 to a cuty grew to $9,000,000 in 200 years. At what interest rate compunded annually would this growth occur?
1. Suppose Ben records the noon temperature in New York City on every day in the...
1. Suppose Ben records the noon temperature in New York City on every day in the month of July, and Jerry records the noon temperature in New York City on every day in an entire year. a) Which one (Ben or Jerry) would you expect to have the greater mean of temperatures, or would you expect the means to be very similar? Explain briefly.
On April 17, 1790, Ben Franklin gifted $1000 to the city of Boston. If it had...
On April 17, 1790, Ben Franklin gifted $1000 to the city of Boston. If it had been invested at 5% interest (compounded annually), and left to grow untouched until the same day in 1990 that Franklin specified, how much would the gift have been worth, rounded to the nearest dollar? If you started at age 25 to save $200 per month for retirement, and invested the money in the stock market earning 9% annually, how much would you have saved...
Since he was 23 years old, Ben has been depositing $200 at the end of each...
Since he was 23 years old, Ben has been depositing $200 at the end of each month into a tax-free retirement account earning interest at the rate of 5.5%/year compounded monthly. Larry, who is the same age as Ben, decided to open a tax-free retirement account 5 years after Ben opened his. If Larry's account earns interest at the same rate as Ben's, determine how much Larry should deposit each month into his account so that both men will have...
Carlton Drake purchased the New York City Symbiotes, a major league baseball team, for $2 million....
Carlton Drake purchased the New York City Symbiotes, a major league baseball team, for $2 million. The appraised values of the identified assets are as follows: Stadium Prepaid season tickets $150,000 Player contracts500,000 Equipmen100,00 900,000 The Symbiotes are a highly successful team and won the pennant in the prior year. Determine Drake's adjusted basis for the assets of Symbiotes based upon the purchase price. (10 points) 2. On June 30, 2018, Eddie Brock received land and corporate stock from Anne...
A group of social workers conclude that the skyscrapers of New York City, obtain a variance...
A group of social workers conclude that the skyscrapers of New York City, obtain a variance equal to 33.4 in the amount of stories. A sample is taken of 42 New York City Skyscrapers; the sample contained a mean of 62.9 stories with a standard deviation of 16.54. Test the claim of the social workers, in the sense that the sample contains a different variance in stories Null Hypothesis, Ho Research Hypothesis, H Degrees of Freedom Alpha Chi-Square Critical Value...
Carlton Drake purchased the New York City Symbiotes, a major league baseball team, for $2 million....
Carlton Drake purchased the New York City Symbiotes, a major league baseball team, for $2 million. The appraised values of the identified assets are as follows: Stadium Prepaid season tickets $150,000 Player contracts500,000 Equipmen100,00 900,000 The Symbiotes are a highly successful team and won the pennant in the prior year. Determine Drake's adjusted basis for the assets of Symbiotes based upon the purchase price. (10 points)
Consider the following data for a hypothetical economy: Year Real GDP Population $5000 billion 200 million...
Consider the following data for a hypothetical economy: Year Real GDP Population $5000 billion 200 million 2 $6000 billion 250 million What is the economic growth rate for this economy for year 2? A. 119 B. 2.296 C.22% D. 1.196
22. You are head of the Schwartz Family Endowment for the Arts. Schwartz Family Endowment for...
22. You are head of the Schwartz Family Endowment for the Arts. Schwartz Family Endowment for the Arts. You have decided to fund an arts school in the San Francisco Bay area in perpetuity. Every seven years, uity. Every seven years, you will give the school $6.5 million. The first payment will occur seven years from to 5% per year compounded annually, what is the time t=0 present value of payment will occur seven years from today. If the interest...
New York City is the most expensive city in the United States for lodging. The mean...
New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $203 per night (USA Today, April 30, 2012). Assume that room rates are normally distributed with a standard deviation of $56. Use Table 1 in Appendix B. a. What is the probability that a hotel room costs $226 or more per night (to 4 decimals)? .3406 b. What is the probability that a hotel room costs less than $143 per...
Carlton Drake purchased the New York City Symbiotes, a major league baseball team, for $2 million. The appraised values of the identified assets are as follows: Stadium Prepaid season tickets $150,000 Player contracts500,000 Equipmen100,00 900,000 The Symbiotes are a highly successful team and won the pennant in the prior year. Determine Drake's adjusted basis for the assets of Symbiotes based upon the purchase price. (10 points) 2. On June 30, 2018, Eddie Brock received land and corporate stock from Anne...
A group of social workers conclude that the skyscrapers of New York City, obtain a variance equal to 33.4 in the amount of stories. A sample is taken of 42 New York City Skyscrapers; the sample contained a mean of 62.9 stories with a standard deviation of 16.54. Test the claim of the social workers, in the sense that the sample contains a different variance in stories Null Hypothesis, Ho Research Hypothesis, H Degrees of Freedom Alpha Chi-Square Critical Value...
Carlton Drake purchased the New York City Symbiotes, a major league baseball team, for $2 million. The appraised values of the identified assets are as follows: Stadium Prepaid season tickets $150,000 Player contracts500,000 Equipmen100,00 900,000 The Symbiotes are a highly successful team and won the pennant in the prior year. Determine Drake's adjusted basis for the assets of Symbiotes based upon the purchase price. (10 points)
Consider the following data for a hypothetical economy: Year Real GDP Population $5000 billion 200 million 2 $6000 billion 250 million What is the economic growth rate for this economy for year 2? A. 119 B. 2.296 C.22% D. 1.196
22. You are head of the Schwartz Family Endowment for the Arts. Schwartz Family Endowment for the Arts. You have decided to fund an arts school in the San Francisco Bay area in perpetuity. Every seven years, uity. Every seven years, you will give the school $6.5 million. The first payment will occur seven years from to 5% per year compounded annually, what is the time t=0 present value of payment will occur seven years from today. If the interest...
Most questions answered within 3 hours.
-
Effect of DCMU and sodium azide on Chlamydomonas? We did an
experiment where we had Chlamydomonas...
asked 13 minutes ago -
1a) According to the ideal gas law, _______________.
a. a gas has infinite volume at absolute...
asked 1 hour ago -
Oakdale Fashions, Inc. had $245,000 in 2018 taxable income.
Using the tax schedule in Table 2.3...
asked 2 hours ago -
The marketing class at CSUS had an average score of 150. An
educational analyst determined that...
asked 3 hours ago -
Justin Case has purchased a $250 000 home by putting 20 % down
and taking out...
asked 3 hours ago -
1. In a labor market, marginal cost for a firm is
____________.
a. recruiting cost
b....
asked 4 hours ago -
On January 1, 2019, ABC Company issued $60,000,000 of 20-year,
10.5% bonds when the market rate...
asked 4 hours ago -
39.4% of US homes continue to use a landline in addition to cell
phone service. 3...
asked 5 hours ago -
Starting with benzene, synthesize 1-phenyl-1-butyne.
Show intermediates and reagents.
asked 6 hours ago -
Create a 32-run crossed array design with six control factors
and two noise factors such that...
asked 7 hours ago -
A 500g sample of sand from source A has the following amounts
retained on each sieve....
asked 7 hours ago -
In
your own words, please explain the essay by John Keynes wrote "The
End of Laissez...
asked 7 hours ago