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
zysi [14]
2 years ago
7

What is the value today of receiving $5,000 at the end of six years, assuming an interest rate of 8% compounded semiannually?

Business
1 answer:
Ulleksa [173]2 years ago
6 0

Answer:

$3,122.96

Explanation:

Future value = 5000

i = 8%

n = 6

m = 2

Present Value = FV(1+i/m)^mn

Present Value = 5,000(1+0.08/2)^-2*6

Present Value = 5,000(1.04)^-12

Present Value = 5,000 / (1.04)^12

Present Value = 5,000 / 1.6010322

Present Value = 3122.985284118583

Present Value = $3,122.96

You might be interested in
You have been asked to appraise the market value of a three-bedroom house with two bathrooms that is going to be sold tomorrow.
Vladimir [108]

Answer: $252,000

Explanation:

Property worth $275,000, 4 weeks ago had 3 bedrooms and 3 bathrooms.

House to be appraised has 3 bedrooms and 2 bathrooms meaning it has one less bathroom than the other house.

Value of bathroom is $15,000 so;

= 275,000 - 15,000

= $260,000

House to be appraised was worth $260,000 4 weeks ago.

Prices have been reducing at $2,000 per week for four weeks.

= 2,000 * 4

= 8,000

Value of house = 260,000 - 8,000

= $252,000

3 0
3 years ago
In the context of evaluating service quality, _____ refers to the knowledge and courtesy of employees and their ability to conve
AlexFokin [52]
<span>In the context of evaluating service quality, assurance refers to the knowledge and courtesy of employees and their ability to convey trust. Assurance is defined as having confidence in one's abilities and a promise, guarantee from others. In the context of evaluating service quality, having assurance means you can trust that the quality of the service being provided will be to the best of the organizations abilities. You never want to feel like you aren't sure if the quality of service you're going to be paying for may or may not be great. </span>
8 0
3 years ago
Jie consumes three heads of broccoli and six bowls of rice each week. the price of a head of broccoli is $2 and the price of ric
Degger [83]
<span>Jie should not change her consumption of either broccoli or rice for maximization of her utility , as she consumes three heads of broccoli and six bowls of rice each week. the price of a head of broccoli is $2 and the price of rice is $4 per bowl. jie's marginal utility from the last head of broccoli consumed is 4 utils and her marginal utility from her last bowl of rice is 8 utils</span>
4 0
3 years ago
Sometimes, lenders allow or require a downpayment before they extend you the loan. What would be the advantage to the lender? Wh
Blababa [14]
So they could try to get there money back
7 0
3 years ago
Parkway Distributors is a wholesale firm that employs several outside salespersons. Emily, a salesperson employed by Parkway Dis
kumpel [21]

Answer:

Legal obligation will arise from inadvertence of one thing or a deliberate act. There are 3 categories of erroneous conduct lawfully. Its fissure of agreement, corruption and one who is pretentious or abraded thanks to the act of additional person.

(1)  

The necessities that the automobile should demonstrate to carry mister. Embarrassed of carelessness are as per RES IPSA LOQUITUR belief. The belief RES IPSA LOQUITUR suggests that "the factor expresses for himself". In keeping with this opinion, the broken or damage himself is that the resistant and it expresses for the performance of the inattention. This belief needs the subsequent things:  

  • The affair or act ought to happen thanks to the carelessness
  • the carelessness ought to cause some injury or damage
  • the litigant ought to have fashionable management over the device or instrumentality.
  • The casualty shouldn't have underwrote something to the carelessness.

(2)  

Permitting to the law of carelessness, underneath request of householders and operatives of vehicles, P. Suppliers are control lawfully chargeable for the grievance to the automobile. In keeping with this, the vendor of vehicle United Nations agency energies sloppily and origins grievance is liable for the obligation produced to the broken individual. The proprietor will have the instruction of last vibrant probability. Enclose if the worker of the car isn't the proprietor then the possessor is not liable for the act of the carelessness of the worker delivered if there's associate deficiency of agency association. During this case, agency association exists. Thus, P Distributors are control chargeable for the injury to the celebration.

(b)  

The possessor of vehicle United Nations agency drives inaccurately and causes grievance is liable for the liability produced to the broken individual. The possessor will have the instruction of last vibrant probability. In case, if the worker of the car isn't the possessor then the proprietor is not liable for the performance of the carelessness of the worker delivered if there's associate deficiency of agency association. During this case each belief of RES IPSA LOQUITUR and regulation of carelessness are pertinent. Thus, the Mr. Tom is control chargeable for the performance of his partner.

8 0
3 years ago
Other questions:
  • Kathy is working her way through college. she has a job at burger fast where she makes an annual salary of $12,500. what is her
    9·1 answer
  • Which of the following steps, if taken by Walmart, would be characterized as a strategic, rather than tactical, action? a. Aggre
    13·1 answer
  • Salary of the company president—$31,300. Salary of the vice president of manufacturing—$16,800. Salary of the chief financial of
    8·1 answer
  • Shanon will pay for an annual gym membership that costs $420.00. She has 152.62 in her checking account. What are the pros and c
    8·1 answer
  • Ten rational numbers between 4 and - 4​
    9·1 answer
  • Riley Market, Newton Grocers, and Barlow Pantry are grocery stores. During physical inventory, Riley remains fully open, while N
    15·1 answer
  • Suppose a tax of $3 is imposed on each new garden hose that is sold, resulting in a deadweight loss of $22,500. The supply curve
    14·1 answer
  • As part of the calculation for cost of goods sold it is necessary to determine the value of goods on hand, termed merchandise in
    10·1 answer
  • Dwyer Company reported the following results for the year ended December 31, 2007, its first year of operations: 2007 Income (pe
    9·1 answer
  • Whats Your Favorate View!<br><br><br><br> 2: whats your favorate exercize!
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!