What is the amount if you pay for the washing

Assignment Help Business Economics
Reference no: EM132286048

The local home improvement store has a washing machine on sale for $1653, with the payment due in 2 year(s) from today. The store is willing to discount the price at an annual rate of 5 percent (compounded annually) if you pay today. What is the amount if you pay for the washing machine today?

Reference no: EM132286048

Questions Cloud

Lifetime of the bond : Consider a discount bond and assuming that the YTM is expected to remain constant over the lifetime of the bond, does one expect the current yield
Explain the hacker ethic and hacker manifesto : CRJ 310 : Explain the hacker ethic and hacker manifesto. Give your opinion as to why hackers do not consider themselves to be criminals.
What is the net present value of project : a) What is the net present value of this project?
Create a flowchart with dual alternative decision structure : Write the pseudocode using If-Then-Else statements and create a flowchart with a dual alternative decision structure for the following example.
What is the amount if you pay for the washing : What is the amount if you pay for the washing machine today?
Arithmetic and geometric returns for the stock : A stock has had returns of 10 percent, 28 percent, 15 percent, -16 percent, 28 percent, and -6 percent over the last six years.
What statutory rights does company : What statutory rights does company "x" has against company "xy" and what does it needs to prove?
What is the expected return on a portfolio : A stock has a beta of 1.30 and an expected return of 10 percent. A risk-free assets currently exams 3.4 percent.
Challenges facing each major segment within hospitality : Describe the current trends, opportunities, and challenges facing each major segment within Hospitality. Be specific and give examples.

Reviews

Write a Review

Business Economics Questions & Answers

  Effectiveness of the market structure

Outline a plan that will assess the effectiveness of the market structure for the company's operations. Note: In Assignment 1, the assumption

  Mean profit for the sample

What is the probability that the mean profit for the sample was between 3.0 million and 6.0 million?

  The manufacturer charge in order to maximize revenue

The price demand function for 100 packs of whiteboard erasers is x = (360-4p)1/2. p is the price of one 100 pack of erasers. What is the elasticity of p = $18? Is the demand elastic, inelastic, or unit elasticity at this price? What price should the ..

  Use sales taxes as means of generating revenue

State and Local Governments in this country use sales taxes as means of generating revenue. In other countries, a value added tax (VAT) is used to generate Government revenue. Please explain the difference. In your opinion, which tax system is most e..

  Describes the Sarbanes-Oxley Act

Identify the statement that accurately describes the Sarbanes-Oxley Act. ?

  Comparisons between a monopolized and a competitive industry

In making efficiency comparisons between a monopolized and a competitive industry, the Marginal Cost function of the monopolist

  What is the cost of equity

This dividend is expected to increase by 5 percent annually. The company's stock is currently selling for $35 per share. What is the cost of equity?

  Illustrate what is cost of internal common equity for pathos

Dividends paid last year were $.70. Flotation costs on issuing stock will be 10 percent of market price. Dividends and earnings per share are projected to have an annual growth rate of 15 percent. Illustrate what is cost of internal common equity ..

  The economy had entered recovery phase of the business cycle

In May 2010, the Reed Job Index reported that demand for new workers was growing, but wage and salary on offer of new jobs was declining. Economists argued this was strong evidence that the economy had entered the recovery phase of the business cycle..

  What is the price of gasoline for this analysis

If you drive 20,000 miles per year and the price of gasoline for this analysis is assumed to be $4.00 per gallon, which model should you purchase?

  The supply of these altair chariots is elastic

The Gondwanaland Chairman of Production reported that the new Altair chariots (most modern, horse drawn family chariot) had a PRICE elasticity of 3 and an INCOME elasticity of 2. The supply of these Altair chariots is elastic. Evaluate the following ..

  Allocation of money-maximizes utilitarian social welfare

An economy has $72, to divide between Hamlet and Ophelia. Hamlet has the utility function u[H] = U[H] (m[H]) = 3m[H], where m[H] denotes his quantity of money. Ophelia has the utility function u[O]= U[O](m[O]) = 42sqrt(m[O]), where m[O] denotes her q..

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