Determine the deposit to the nearest dollar

Assignment Help Finance Basics
Reference no: EM131976131

Question: In five years a company will purchase equipment costing $100,000. The company decides to place a single deposit into a savings account now so that its future value will equal the cost of the equipment. If the account earns interest at an annual rate of 10% compounded continuously, determine the deposit to the nearest dollar.

Reference no: EM131976131

Questions Cloud

Increase the number of innovations : How would a firm acquire other companies to increase the number of innovations it produces and improve its capability to innovate?
What is the crossover rate for projects : What is the crossover rate for Projects A and B? 26.93 percent 25.20 percent 25.91 percent 26.67 percent
What was the impact of advice : Describe any constructive advice you have received from anybody who has coached you. What was the impact of this advice?
Effective interpersonal skills : With all the emphasis on online job hunting, how do you demonstrate that you have effective interpersonal skills?
Determine the deposit to the nearest dollar : In five years a company will purchase equipment costing $100,000. The company decides to place a single deposit into a savings account.
Design of a realistic pulse shape : Project Goal: This project examines the design of a realistic pulse shape to be used with linear modulation that will meet a spectral emissions mask
Two friends consider opening driving range for golfers : Two friends consider opening a driving range for golfers.The project is expected to be evaluated over a 6 year life.
Prevent unintentional death : Identify the role of patient safety and the influence on the Federal initiatives that are used to prevent unintentional death as a result of medical mistakes.
What are three benefits of consuming alcohol : What are three benefits of consuming alcohol? Aside from abstaining from alcohol entirely, how can potential risks associated with drinking alcohol be avoided?

Reviews

Write a Review

Finance Basics Questions & Answers

  What are the firms earnings per share after the stock split

(Stock splits) TOTAL Group recently declared a 4-for-1 stock split for its common shares. Before the split the firm's share price had risen to € 200 per share.

  What is the present value of a perpetuity

What is the present value of a perpetuity of $7883 per year given an interest rate of 7.5%, assuming that the first cash flow occurs today?

  Management planning and control cycle

Determine which of the following activities is not part of the management planning and control cycle:

  How hidden reserve is drawn down to boost earnings

For each of these transactions, explain when and how a hidden reserve is created. For each of these transactions, explain when and how a hidden reserve is drawn down to boost earnings.

  Why are the valuations different

What should be the prices of the following preferred stocks if comparable securities yield 7 percent? Why are the valuations different?

  Selling and efficient portfolios

You wants to sell short 100 shares of XYZ Company stock. If the last two transactions were at 34.10 followed by 34.15, you only can sell short on the next transaction at a value of;

  Virtue or categorial imperative perspectives

Use one of the ethical lenses (utilitarianism, virtue or categorial imperative perspectives) on uber/lyft for defend your position.

  What is a lower bound for the price of a four month call

What is a lower bound for the price of a four month call option on a non-dividend-paying stock when the stock price is $28, the strike price is $25, and the risk-free interest rate is 8% per annum?

  Compute departmental overhead rates based on machine

Use the data for Wall Nuts, Inc. to compute departmental overhead rates based on machine hours in Department A and machine hours in Department B.

  You are a senior financial consultant for 123 corporation

you are a senior financial consultant for 123 corporation. your ceo has asked that you train incoming consultants on

  What is the probability kio will experience

Kio Outfitters estimated the following losses and probabilities from past experience: What is the probability Kio will experience a loss of $5,000 or greater? If an insurance company offers a loss policy with a $1,500 deductible, what is the most Kio..

  What is the yield to maturity of this bond

A Japanese company has a bond outstanding that sells for 96 percent of its ¥100,000 par value. The bond has a coupon rate of 6.30 percent paid annually and matures in 19 years.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd