This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A firm wishes to establish a fund which, in 10 years, will accumulate to 10,000,000. The fund will ... (Read 142 times)

fahad

  • Hero Member
  • *****
  • Posts: 570
on: Jul 10, 2018
A firm wishes to establish a fund which, in 10 years, will accumulate to 10,000,000. The fund will be used to repay an outstanding bond issue.
 
  The firm plans to make deposits, which will earn 12 percent, to this fund at the end of each of the 10 years prior to maturity of the bond. How large must these deposits be to accumulate to 10,000,000?

Question 2

The net present value is found by subtracting a project's initial investment from the present value of its cash inflows discounted at a rate equal to the project's internal rate of return.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Amiracle

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 10, 2018
Answer to Question 1

Financial Calculator: PV=0, FV=10000000, N=10, I=12, CPT PMT: 569,833.04

Answer to Question 2

FALSE


fahad

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jul 10, 2018
Thank you


Amiracle

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Jul 10, 2018
No problemo


« previous next »
 

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Medication errors are three times higher among children and infants than with adults.

A levallois core from Kapedo Tuffs, Kenya dates about 130,000 years ago. A levallois core from Kapedo Tuffs, Kenya dates about 130,000 years ago.
Review Cognitive Changes over the Adult Years Review Cognitive Changes over the Adult Years
Adults in the middle-aged group (37–42 years) score higher on measures of generativity than either ... Adults in the middle-aged group (37–42 years) score higher on measures of generativity than either ...
Climate change occurs over millions of years Climate change occurs over millions of years
Approximately 40 percent of farmers in the United States are 55 years old or older Approximately 40 percent of farmers in the United States are 55 years old or older
Jamal plans to retire in 17 years. He is saving $2000 every start of the month in a retirement ... Jamal plans to retire in 17 years. He is saving $2000 every start of the month in a retirement ...
Video: Introduction to Photolithography - WC, BLF, PA, Hard and Soft baking

For a complete list of videos, visit our video library