Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

problem: The Ajax Co. just decided to save 1,500 dollar a month for the next 5 years as a safety net for recessionary periods. The money will be set aside in a divide savings account which pays 3.25 percent interest compounded monthly. It deposits the first 1,500 dollar today. If the company had wanted to deposit an equivalent lump sum today, determine how much would it have had to deposit? 

[A] $83,428.87

[B] $83,687.23

[C] $84,998.01

[D] $82,964.59

[E] $40,660.35

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M917612
  • Price:- $10

Guranteed 24 Hours Delivery, In Price:- $10

Have any Question? 


Related Questions in Basic Finance

What exchange rate system did argentina adopt before 2002

What exchange rate system did Argentina adopt before 2002? Why? What factors contributed to the Argentina currency crisis? Write more information and conclusion about the questions.

In 1803 the us doubled in size with the louisiana purchase

In 1803, the U.S. doubled in size with the Louisiana Purchase. That well-known real estatemogul Napoleon Bonaparte sold us 827,000 square miles (529,280,000 acres-there are 640 acresin a square mile). We paid $15 million ...

For this assignment you will examine correlation and

For this Assignment, you will examine correlation and bivariate regression testing. To prepare for this Assignment: Review this week's Learning Resources and media program related to regression and correlation. Using the ...

What are some of the factors that determine the spread

What are some of the factors that determine the spread between the bid and asked price? If the bid- asked spread narrows, what does this mean?

A country is worried that business cycles in other

A country is worried that business cycles in other countries tend to disrupt its own economy. It would like some "insulation" from foreign business cycles. Why would this country favor having a floating exchange rate?

What do you think about the following statement i am going

What do you think about the following statement? "I am going to receive $100 two years from now and $200 three years from now, so I am getting a $300 future value." How could the two cash flows be compared or combined?

Case study - john simpsonbackgroundjohn has been a

Case study - John Simpson Background John has been a self-employed carpenter for 10 years, and operates his business under a company structure. He has approached you for help in arranging finance for a potential purchase ...

Estimating cash flowsassume that your company is

Estimating Cash Flows Assume that your company is considering the replacement of an automated milling machine with one of the new machines offered by three different manufacturers. Each of the three machines under consid ...

Why are direct financing transactions more costly or

Why are direct financing transactions more costly or inconvenient than intermidiated transactions?

What is balance of payments how can one hedge from exchange

What is balance of payments? How can one hedge from exchange rate fluctuations while exporting and importing?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate