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

Author Question: Calculate the future value of 10,000 received today and deposited for six years in an account which ... (Read 181 times)

tiara099

  • Hero Member
  • *****
  • Posts: 588
on: Jul 10, 2018
Calculate the future value of 10,000 received today and deposited for six years in an account which pays interest of 12 percent compounded quarterly.
 
  What will be an ideal response?

Question 2

Large firms evaluate the merits of individual capital budgeting projects to ensure that the selected projects have the best chance of increasing the firm value.
 
  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

carlsona147

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 10, 2018
Answer to Question 1

FV = 10,000(1.12/4 )64-1/.12/4=10,000(1.03 )24-1/.03 = 20,328

Answer to Question 2

TRUE


tiara099

  • Hero Member
  • *****
  • Posts: 588
Reply #2 on: Jul 10, 2018
Thank you :)


carlsona147

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jul 10, 2018
Happy to help you


« previous next »
 

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Lake position in the landscape and proportion of water received as groundwater (data from Webster et Lake position in the landscape and proportion of water received as groundwater (data from Webster et
Discipline-specific training can take years to perfect. Discipline-specific training can take years to perfect.
Older people who experienced stressful events in their younger years may show personal growth and ... Older people who experienced stressful events in their younger years may show personal growth and ...
Calculate the molar solubility of CaF2 in a solution containing 0.250 M Ca(NO3)2. Calculate the molar solubility of CaF2 in a solution containing 0.250 M Ca(NO3)2.
You deposit $2000 each year into an account earning 4% interest compounded annually. How much ... You deposit $2000 each year into an account earning 4% interest compounded annually. How much ...
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: Leukemia

For a complete list of videos, visit our video library