Determining present value and cash deposited

Assignment Help Advanced Statistics

Reference no: EM13115156

a. What is the present value of nine annual cash payments of $4,000, to be paid at the end of each year using an interest rate of 6%? (.9434 is listed as the amount in the table for period 1)

b. What is the present value of $15,000 to be paid at the end of 20 years, using an interest rate of 18%? (.0365 is 18% interest at 20 yrs)

c. How much cash must be deposited in a savings account as a single amount in order to accumulate $300,000 at the end of 12 years, assuming that the account will earn 10% interest? (.3186 is 10% interest at 12 yrs)

d. How much cash must be deposited in a savings account (as a single amount) in order to accumulate $50,000 at the end of seven years, assuming that the account will earn 12% interest? (.4523 is 12% interest at 7 yrs)

Can you list formula and steps for solving the equations?

Reference no: EM13115156

Questions Cloud

Uestion about quantitative analysis : Color View is a manufacturer of color monitors for personal computers. The company uses the EOQ model with gradual replenishment to determine the production lot sizes for its various models.

How many different kinds of homozygotes : If there are five alleles at a locus, how many genotypes may there be at this locus? How many different kinds of homozygotes will there be? Again with 8 alleles at a locus.

What is the equilibrium concentration : Consider the following reaction: SO2Cl2 (g) SO2 (g) + Cl2 (g). K = 2.99*10^-7 at 227 degrees celsius. If a reaction mixture initially contains 0.159 , what is the equilibrium concentration.

Find probability of getting sample with sample mean smaller : A sample of 50 customers resulted in a sample mean of $90. What is the probability of obtaining a sample with a sample mean smaller than $90?

Determining present value and cash deposited : What is the present value of nine annual cash payments of $4,000, to be paid at the end of each year using an interest rate of 6%?

Identify the various prospective flying vehicles : Identify the various prospective flying vehicles referred to in the readings

How to optimize production : Ocean Juice produces both a cranberry juice cocktail and a raspberry-cranberry blend. Each day Ocean Juice can receive up to 1000 gallons of a raspberry concentrate that costs $2.00 per gallon and up to 4000 gallons of a cranberry concentrated tha..

What is the identity of the hydrocarbon : A 44.2 L sample of a gaseous hydrocarbon, measured at 1.00 atm pressure and 25 C is burned in excess oxygen, liberating 2.55x10^3 kj of heat at constant pressure.

Which is an important driving force in respiration : Which of the following is an important driving force in respiration?

User Account

All Pages