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 112 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
Excellent

zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

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
A Golden Retriever at 12 years old A Golden Retriever at 12 years old
Shifts between Warm and Cold Periods during the Last 3 Million Years Shifts between Warm and Cold Periods during the Last 3 Million Years
The chromosome locations for BRCA1 and BRCA2. Together, these genes account for the majority of case The chromosome locations for BRCA1 and BRCA2. Together, these genes account for the majority of case
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 ...
Video: Contraction cycle of a sarcomere

For a complete list of videos, visit our video library