Find the equivalent lump-sum amount at eoy nine

Assignment Help Engineering Mathematics

Reference no: EM131505790

Question: If a nominal interest rate of 8% is compounded continuously, determine the unknown quantity in each of the following situations:

a. What uniform EOY amount for 10 years is equivalent to $8,000 at EOY 10?

b. What is the present equivalent value of $1,000 per year for 12 years?

c. What is the future equivalent at the end of the sixth year of $243 payments made every six months during the six years? The first payment occurs six months from the present and the last occurs at the end of the sixth year.

d. Find the equivalent lump-sum amount at EOY nine when P0 = $1,000.

Reference no: EM131505790

Questions Cloud

How long will it take to repay the balance : Suppose you owe $1,100 on your credit card. The annual percentage rate (APR) is 18%, compounded monthly.

Communicating effectively and preventing misunderstandings : Identify three (3) areas of evaluation you consider to be most important in communicating effectively and preventing misunderstandings.

What is the annual payment going to be : College students are now graduating with loan debts averaging $24,000.

How you derived your objectives from your vision and mission : Write a 700- to 1,050-word summary that explains your critical thinking on how you derived your objectives from your vision, mission, values and SWOTT analysis.

Find the equivalent lump-sum amount at eoy nine : If a nominal interest rate of 8% is compounded continuously, determine the unknown quantity in each of the following situations.

What is pcr and describe the technique : What is PCR? Describe the technique in detail.What enzyme is used in this process and how is the enzyme used in PCR different from others?

Design specifications of the corporate knowledge web portal : SBM4101 FOUNDATIONS OF INFORMATION SYSTEMS -Prepare the design specifications of the corporate knowledge Web portal

Find the value of the unknown quantity z : Find the value of the unknown quantity Z in the following diagram, such that the equivalent cash outflow equals the equivalent cash inflows when r = 20%.

Copyright laws protect rights of creative independent artist : ake a position on the following statement: Copyright laws protect rights of creative independent artists against a large corrupt music industry.

User Account

All Pages