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
tensa zangetsu [6.8K]
3 years ago
10

Cannonier, Inc., has identified an investment project with the following cash flows. Year Cash Flow 1 $ 1,040 2 1,270 3 1,490 4

2,230 If the discount rate is 9 percent, what is the future value of these cash flows in Year 4
Business
1 answer:
Zolol [24]3 years ago
4 0

Answer:

Total FV= $7,313.7

Explanation:

Giving the following information:

Year Cash Flow 1 $ 1,040 2 1,270 3 1,490 4 2,230

Discount rate= 9% = 0.09

<u>To calculate the future value, we need to use the following formula on each cash flow</u>:

FV= Cf*(1+i)^n

FV1= 1,040*(1.09^4)= 1,468.04

FV2= 1,270*(1.09^3)= 1.644.69

FV3= 1,490*(1.09^2)= 1,770.27

FV4= 2,230*1.09= 2,430.7

Total FV= $7,313.7

You might be interested in
You want to buy a car, and a local bank will lend you $20,000. The loan will be fully amortized over 5 years (60 months), and th
EastWind [94]
Amortizing a loan P over n periods at i% interest / period, the payment per period is given by:
A= P(i(1+i)^n)/((1+i)^n-1)

In given situation,
P=20000
period=month
i=10%/12
n=5*12=60 months

A.  monthly payment amount
A= P(i(1+i)^n)/((1+i)^n-1)
= 20000(.1/12(1+.1/12)^60)/((1+.1/12)^60-1)
=424.98 to the nearest cent

B. EAR (effective annual rate)
the APR is 10%, but compounded monthly.
So 
EAR=(1+i/12)^12-1
=(1+0.1/12)^12-1
=0.104713
=10.4713%  (effective annual rate)

7 0
3 years ago
Which career testing tool is one of the few assessments with right and wrong answers?.
mario62 [17]

Ability Placement Survey career testing tool is one of the few assessments with right and wrong answers.

A career is an individual's metaphorical "journey" through study, work, and other aspects of life. There are several ways to define a career and the terms are used in different ways.

pursues a career for life, especially one that requires special training. He longed for a career as a lawyer. Resume or general course of action for a person or period of life, like occupation or endeavor: His career as a soldier ended in a truce. , means working as an electrician, cashier, teacher, or hairdresser. But career also has another definition.

Learn more about career here:brainly.com/question/6947486
#SPJ4

3 0
2 years ago
The number of years a person that age is expected to have left to live on average is known as?
aleksley [76]
Perhaps, life expectancy...  That may be your answer.

6 0
3 years ago
Read 2 more answers
The Federal Reserve comes to the conclusion that more money must be pumped into the economy in an effort to stimulate economic g
wolverine [178]

The answer is: B) Buying securities (Bonds)

Money supply refers to the amount of money that circulated in the country. When government buy securities from the private sector, the money would be exchanged from the government's purse to the private sector's. If this occurs, the amount of money that circulated would be increased.

4 0
3 years ago
Read 2 more answers
A canadian agent has an existing client who goes on vacation to Seattle, Washington. The agent wishes to contact the customer in
Rashid [163]

Answer:

The exception is due to vacation.

Explanation:

This is an example of a right answer, while, yes the individual must be registered in Canada, the exception is due to vacation.

7 0
4 years ago
Other questions:
  • Elkhorn Company purchased merchandise on account from Springhill Company for $42,000, terms 2/10, n/30. Elkhorn returned merchan
    9·1 answer
  • Chantel works at Coca-Cola. To make the required sales number, Chantel sent more Coca-Cola products to their distributors than w
    14·1 answer
  • With regard to the OIP,Multiple Choice
    10·1 answer
  • What is a commission, as it relates to the stock market?
    6·2 answers
  • A senator renounces his past support for protectionism: "The U.S. trade deficit must be reduced, but import quotas only annoy ou
    6·1 answer
  • Benton Company is preparing its annual profit plan. As part of its analysis of the cost of its purchasing activity, management e
    14·1 answer
  • Question 2 of 25
    15·2 answers
  • Buying insurance and investing in the future requires spending less in the present. Why is this a hard choice for many people? W
    10·2 answers
  • Which of the following statements would come from someone classified as unemployed? Question 25 options: I can't stand my curren
    13·1 answer
  • The CM ____ is responsible for overseeing the actions of the crisis management team and coordinating all crisis management effor
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!