1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
postnew [5]
3 years ago
14

Marshall has received an inheritance and wants to invest a sum of money today that will yield $5,400 at the end of each of the n

ext 10 years. Assuming he can earn an interest rate of 5% compounded annually, how much of his inheritance must he invest today
Business
1 answer:
BigorU [14]3 years ago
3 0

Answer:

$3,315.13

Explanation:

To determine the amount of inheritance Marshall should invest today, we have to calculate the present value of $5,400.

PV = FV (1 + r)^-n

FV = Future value = $5,400

P = Present value

R = interest rate 5%

N = number of years 10

$5400(1.05^-10) = $3,315.13

I hope my answer helps you

You might be interested in
Each currency has a changing value relative to other countries. This is referred to as the country’s blank
alex41 [277]

Each currency has a changing value relative to other currencies. This is referred to as a<u> "currency's exchange rate."</u>


An exchange rate is the rate at which one currency will be exchanged for another, it is additionally viewed as the estimation of one nation's cash in connection to another currency.  

Exchange rates are resolved in the foreign exchange market, which is available to an extensive variety of various sorts of purchasers and venders, and where money exchanging is ceaseless: 24 hours daily aside from ends of the week.

3 0
3 years ago
The objective of present value when used to determine an accounting measurement for initial recognition purposes is to Capture t
rusak2 [61]

Answer:

The objective of present Value is to present a set of cash flows based on their estimated fair value; to help decision makers in assessing the viability or otherwise of an option of investments.

Values don't stay the same year on year, various influences act to most times make the same $ amount lessened by tomorrows valuation; some factors like inflation, obsolescence, opportunity cost of not investing in other activities (cost of capital)....all these play a role in determining time value of money.

Present value attempts to harmonize all these influences and present a fair value of our $ dollar estimate of future values based on the impact of these factors.

3 0
3 years ago
For the past 16 months, Susie has been paying $126.50 each month to her insurance company. After causing an accident last month,
NeTakaya
Should be a $225 increase for her annual premium.
5 0
3 years ago
Read 2 more answers
If a company’s employees are found guilty of unethical behavior, the U.S. Sentencing Commission can impose a base fine and multi
Dafna1 [17]

Answer:

Yes

Explanation:

The first step is to compute the base fine by determining what level of offense has occurred.  After a base fine, the judge computes a culpability score, which is a way of assigning blame to the company. (This is important because the total fine is computed by multiplying the base fine by the culpability score).

The essence of the guidelines is not just to punish companies after their employees break the law, but rather to encourage companies to take proactive measures that will prevent white-collar crime before it happens.

8 0
3 years ago
your team is working on a project due at the end of the quarter. you propose a timeline that some of your teammates disagree wit
vovangra [49]
I would do either D or E
6 0
3 years ago
Other questions:
  • Competitive intelligence means gaining information about one's competitors' activities so that you can anticipate their moves an
    12·1 answer
  • Equipment was purchased for $300,000. Freight charges amounted to $14,000 and there was a cost of $40,000 for building a foundat
    9·1 answer
  • Choose the correct statement about audits of corporations:
    9·1 answer
  • In a perfectly competitive industry, influence over price is exerted by
    6·1 answer
  • When a business earns more money than it spends, the entrepreneur is paid from the
    11·1 answer
  • A university begins Year 1 with 80 faculty. They hire 4 faculty each year. During each year 10% (rounded to the nearest integer)
    12·1 answer
  • Klapper Company claimed a tax deduction which was uncertain when it was deducted in 2018 but is relatively certain of receiving
    11·1 answer
  • Morganton Company makes one product and it provided the following information to help prepare the master budget for its four mon
    14·1 answer
  • Asorting tool is most likely used to
    15·1 answer
  • You put up $80 at the beginning of the year for an investment. The value of the investment grows 2% and you earn a dividend of $
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!