## Question

###### What is the present value of $100 ten years from now if the simple rate of...

What is the present value of $100 ten years from now if the simple rate of interest is0.26? Round your final answer to two decimal places. Question 2 2 pts A deposit of $19 is made at the beginning of each year for 14 years, what is the future value of al deposits if simple rate of interest is 0.09? Round your final answer to two decimal places.

## Answers

a. Using the Present Value formula as:

PV = FV 1/(1+R)n

PV = 100/(1+0.0026)10=

$97.44

b. To find the Future value of Equal Investments of $19 made at the beginning of each year for 14 years at 0.09 Simple Interest rate using formula:

FV = PV (1xR)n

FV = 19 (1x0.09)14

=$267.8

#### Similar Solved Questions

1 answers

##### Https://d.pr/i/d79jej Assume that your uncle holds just one stock, East Coast Bank (ECB), which he thinks...

https://d.pr/i/d79jej Assume that your uncle holds just one stock, East Coast Bank (ECB), which he thinks has very little risk. You agree that the stock is relatively safe, but you want to demonstrate that his risk would be even lower if he were more diversified. You obtain the following returns dat...

1 answers

##### Computing Cost of Sales and Ending Inventory Stocken Company has the following financial records for the...

Computing Cost of Sales and Ending Inventory Stocken Company has the following financial records for the current period. Units Unit Cost $ 28 Beginning Inventory 100 Purchases: #1 650 24 #2 550 20 #3 200 18 Ending inventory is 350 units. Compute the ending inventory and the cost of goods sold for th...

1 answers

##### During a 10 year period, your annual nominal income increases from 60,000 dollars to 90,000 while...

During a 10 year period, your annual nominal income increases from 60,000 dollars to 90,000 while the inflation rate is 2% per year. Then your real income has increased by how much?...

1 answers

##### Nvestigate the history of coding and identify the purpose of the ICD coding system. What is...

nvestigate the history of coding and identify the purpose of the ICD coding system. What is the significance of its use? What brought about the change from ICD-9 to ICD-10 and how does the ICD-10 system affect the organization and the consumer? What systematic changes do you foresee in the next 10&n...

1 answers

##### Test: Unit 2 Test This Question: 2 pts Find the following product. Simplify before performing the...

Test: Unit 2 Test This Question: 2 pts Find the following product. Simplify before performing the mul (Type an integer or a simplified fraction.)"...

1 answers

##### It costs $315 to book a DJ for 3 hours. It costs $525 to book the same DJ for 5 hours. How do you write an equation that represents the cost #y# in dollars of booking a DJ for #x# hours?

It costs $315 to book a DJ for 3 hours. It costs $525 to book the same DJ for 5 hours. How do you write an equation that represents the cost #y# in dollars of booking a DJ for #x# hours?...

1 answers

##### 5. Draw the mechanism (using curved aru points) 1. HBO 2. TMSCI/NET 3. NaSH 4. TBAF

5. Draw the mechanism (using curved aru points) 1. HBO 2. TMSCI/NET 3. NaSH 4. TBAF...

1 answers

##### Question 10 A 8.0 x 10 kg spaceship is at rest in deep space. Its thrusters...

Question 10 A 8.0 x 10 kg spaceship is at rest in deep space. Its thrusters provide a force of 1200 kN. The spaceship fires its thrusters for 20 s, then coasts for 12 km. Part A How long does it take the spaceship to coast this distance?! Express your answer with the appropriate units. Q: Å At...

1 answers

##### Based on what was reported in the article regarding the collapse of the Rana plaza, what...

Based on what was reported in the article regarding the collapse of the Rana plaza, what can one conclude regarding the safety record in Bangladesh manufacturing industries and possible? Do Western companies that import garments from Bangladesh bear any responsibility for what happened at the Rana P...

1 answers

##### +0.00 Tine Left:0:48:34 James Njoroge: Attempt 1 Question 24 (2 points) Suppose each of the array...

+0.00 Tine Left:0:48:34 James Njoroge: Attempt 1 Question 24 (2 points) Suppose each of the array is assigned with a value equals to the twice of its index value, please fill in the blank: int[] array = new int [101; for (int index=0; index < array.length; Index++) Array [2"index] = 2-index: ...

1 answers

##### Find parametric equations for the path of a particle that moves around the given circle in...

Find parametric equations for the path of a particle that moves around the given circle in the manner described. x2 + (y - 3)2 = 4 (a) Once around clockwise, starting at (2, 3). X(t) = y(t) = Osts 211 (b) Three times around counterclockwise, starting at (2, 3). X(t) = 2cos(t) y(t) = Osts (c) Halfway...

1 answers

##### 4. [-/1 Points] DETAILS MENDSTAT15 5.2.005.NVA MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Consider a binomial...

4. [-/1 Points] DETAILS MENDSTAT15 5.2.005.NVA MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Consider a binomial random variable with n = 5 and p = 0.7. Let x be the number of successes in the sample. Evaluate the probability. (Round your answer to three decimal places.) P(x = 3) You may need to use th...

1 answers

##### In December 2016, Custom Mfg. established its predetermined overhead rate for jobs produced during 2017 by...

In December 2016, Custom Mfg. established its predetermined overhead rate for jobs produced during 2017 by using the following cost predictions: overhead costs, $750,000, and direct materials costs $625,000. At year-end 2017, the company's records show that actual overhead costs for the year are...

1 answers

##### Please answer • Reviews • Videos . NT 1020 CARE OF DIVERSE CLIENT TEST #1 REVIEW...

please answer • Reviews • Videos . NT 1020 CARE OF DIVERSE CLIENT TEST #1 REVIEW RESPIRATORY CHAPTERS 30, 31,32 There are 30 questions. Some of them you will be applying your knowledge based on scenario There is a bonus question worth 2 points Review your initial assessment criteria for si...

1 answers

##### Helio Company has two products: A and B. The annual production and sales of Product A...

Helio Company has two products: A and B. The annual production and sales of Product A is 1,850 units and of Product B is 1,250 units. The company has traditionally used direct labor-hours as the basis for applying all manufacturing overhead to products. Product A requires 0.3 direct labor-hours per ...

1 answers

##### Nordstrom creates an open atmosphere, in which every associate’s sales figures are made available to everyone else

1.Nordstrom creates an open atmosphere, in which every associate’s sales figures are made available to everyone else. Explain the positive impacts.While this is intended to foster creative tension, how might it lead to unhealthy destruction?...

1 answers

##### Paul's Pool Service provides pool cleaning, chemical application, and pool repairs for residential customers. Clients are...

Paul's Pool Service provides pool cleaning, chemical application, and pool repairs for residential customers. Clients are billed weekly for services provided and usually pay 40 percent of their fees in the month the service is provided. In the month following service, Paul colects 50 percent of ...

1 answers

##### List three new and important concepts about global marketing you picked up from this course. Briefly...

List three new and important concepts about global marketing you picked up from this course. Briefly explain the concept and why you think it is important to use this information in future marketing efforts. Give an example how you will incorporate this into your work....