(Answered) What is the present value of the following usenbspappendix

Statistics

What is the present value of the following? Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods.

a. $8,300 in 10 years at 9 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

b. $17,000 in 5 years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

c. $26,700 in 14 years at 7 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M92469210
Price:- $15

Verified Expert

Priced at $30 Now at $15, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

In a certain state pickup trucks account for 21 of the

In a certain? state, pickup trucks account for 21?% of the? state's registered vehicles. If 100 registered vehicles are selected at? random, what is the expected number of pickup? trucks?

A sales table at anthonys department store contains a pile

A sales table at Anthony's Department Store contains a pile of sweaters, 19 medium size and 20 small size. A sweater is selected at random. Find the probability that it is a small size. Round your percentage to the tenth ...

Let x be a continuous random variable suppose that we know

Let X be a continuous random variable. Suppose that we know that Pr(X 5), and how do you know? (Hint: X is not necessarily normally distributed, but you can still consider how much area is under the curve, no matter the ...

A pawnshop will lend 4750 for 45 days at a cost of 35

A pawnshop will lend $4,750 for 45 days at a cost of $35 interest. What is the effective rate of interest? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal ...

Phillips owns 25 of mintor inc a private company in 2007

Phillips owns 25 % of Mintor, Inc. (a private company). In 2007, Mintor had sales of $22,00,000, had net income of $82,000 and Mintor paid $32,000 in dividends. If Phillips uses the Equity Income method, what did Phillip ...

The ph acidity of the liquor is critical for regulating dye

The pH (acidity) of the liquor is critical for regulating dye uptake and hence the final color. There are 5 kettles, all of which receive dye liquor from a common source. Past data show that pH varies according to a Norm ...

The time spent in days waiting for a heart transplant can

The time spent (in days) waiting for a heart transplant can be approximated by a normal distribution. Day range of 60-200. u=129 o=20.2. (a) What is the shortest number of days spent that would put a patient in the top ...

Show worksuppose that you have just purchased a share of

Show Work Suppose that you have just purchased a share of stock for $23. The most recent dividend was $1.5 and dividends are expected to grow at a rate of 7% indefinitely. What must your required return be on the stock?

Williamnbspis interested in knowingnbspwhether or not

William is interested in knowing whether or not athletics from his team have lower satisfaction with their team on a survey than the known population average survey score of 19 and the known population survey standard ...

If the coefficient of determination is 0233 what percentage

If the coefficient of determination is 0.233, what percentage of the data about the regression line is explained? How do I go about solving this?

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

Recent Questions

Ask Statistics and Probability Expert