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

Author Question: Calculate the future value of 6,490 received today and deposited for five years in an account which ... (Read 111 times)

abarnes

  • Hero Member
  • *****
  • Posts: 556
on: Jul 10, 2018
Calculate the future value of 6,490 received today and deposited for five years in an account which pays interest of 14 percent compounded semiannually.
 
  What will be an ideal response?

Question 2

A conventional cash flow pattern is one in which an initial outflow is followed only by a series of inflows.
 
  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

BUTTHOL369

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

FV = 6,490(1.14/2)52-1/.14/2 =6,490(1.07)10-1/.07= 12,766

Answer to Question 2

TRUE


abarnes

  • Member
  • Posts: 556
Reply 2 on: Jul 10, 2018
Thanks for the timely response, appreciate it

kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Defying thousands of years of conventional wisdom, scientists are reporting that it is possible for Defying thousands of years of conventional wisdom, scientists are reporting that it is possible for
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Hong Kong is a strange situation. A British colony since 1842, it was handed back to China in 1997 a Hong Kong is a strange situation. A British colony since 1842, it was handed back to China in 1997 a
Poverty rates have declined in the last 50 years, and the biggest decline has been for people 65 and ... Poverty rates have declined in the last 50 years, and the biggest decline has been for people 65 and ...
How to calculate mortgage payments (Question 2 of 2) How to calculate mortgage payments (Question 2 of 2)
. Calculate the net electric field at point B . Calculate the net electric field at point B
Video: Brain Anatomy Animation (Part 2 of 2)

For a complete list of videos, visit our video library