Calculate the present value of the payments

Reference no: EM132152160

Question: Under the old CEO, Gregirich Factors, Inc. made a loan to a supplier. The contract specifies that the supplier will begin paying Gregirich $29157 at the end of year 7, increasing the amount by 17% each subsequent year. The supplier will make a total of 7 payments (one each year)? The new CEO has asked you to calculate the present value of the payments to be sure Gregirich will receive the full amount of the loan. The new CEO is a little suspicious. Use a nominal annual interest rate of 10%, compounded quarterly Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("S"), any commas ( or a decimal point C)

Reference no: EM132152160

Questions Cloud

Construct a histogram showing percent frequency distribution : Construct a frequency distribution, cumulative frequency distribution, relative frequency distribution, cumulative relative frequency distribution and percent frequency distribution for the data set using a class width of 10. b. Construct a histogram..

Calculate the present value of the payments : The new CEO has asked you to calculate the present value of the payments to be sure Gregirich will receive the full amount of the loan.

How to make a profit from a new line of winter coats : What tools would you use to determine how to make a profit from a new line of winter coats?

Representative of all national football league : Are the results likely to be representative of all National Football League (NFL) players? 189 254 235 225 190 305 195 202 190 252 30.

Calculate the present value of the payments : Under the old CEO, Gregirich Factors, Inc. made a loan to a supplier. The contract specifies that the supplier will begin paying Gregirich $29157 at the end.

What is the value in goods of a dollar : Consider two identical countries in our standard overlapping generations model. In each country, the population of every generation is 100.

What is the lower limit of the interval : Terrance want to find a 95% confidence interval for the true proportion of the population who favor the bill. What is the lower limit of the interval?

Reverse the order of characters in a text file : Reverse the order of characters in a text file. For example, asdfghjkl becomes lkjhgfdsa.

Reverse the order of words in a file : Reverse the order of words (defined as whitespace-separated strings) in a file.

User Account

All Pages