Find the present value of $4,100 under each of the following rates and periods: (Use 365...

Find the present value of $4,100 under each of the following rates and periods: (Use 365 days for calculation. If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to the nearest penny.) a. 8.9 percent compounded monthly for five years. Present value $ b. 6.6 percent compounded quarterly for eight years. Present value $ c. 4.3 percent compounded daily for four years. Present value $ d. 5.7 percent compounded continuously for three years. Present value $

Solutions

Expert Solution

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

SOLVED WITH EXCEL.

jeff jeffy answered 1 year ago

Next > < Previous

Related Solutions

Find the present value of $3,900 under each of the following rates and periods: (Round your...

Find the present value of $3,900 under each of the following rates and periods: (Round your final answer to the nearest penny.) a. 8.9 percent compounded monthly for five years. Present value $ b. 6.6 percent compounded quarterly for eight years. Present value $ c. 4.3 percent compounded daily for four years. Present value $ d. 5.7 percent compounded continuously for three years. Present value $

The following present value factors are provided for use in this problem. Periods Present Value of...

The following present value factors are provided for use in this problem. Periods Present Value of $1 at 10% Present Value of an Annuity of $1 at 10% 1 0.9091 0.9091 2 0.8264 1.7355 3 0.7513 2.4869 4 0.6830 3.1699 Cliff Co. wants to purchase a machine for $64,000, but needs to earn an 10% return. The expected year-end net cash flows are $25,000 in each of the first three years, and $29,000 in the fourth year. What is the...

The following present value factors are provided for use in this problem. Periods Present value of...

The following present value factors are provided for use in this problem. Periods Present value of $1 at 8% Present value of an Annuity of $1 at 8% 1 0.9259 0.9259 2 0.8573 1.7833 3 0.7938 2.5771 4 0.7350 3.3121 Xavier Co. wants to purchase a machine for $37,700 with a four-year life and a $1,100 salvage value. Xavier requires an 8% return on investment. The expected year-end net cash flows are $12,700 in each of the four years. What...

Find the present value of $350 due in the future under each of the following conditions....

Find the present value of $350 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent. 6% nominal rate, semiannual compounding, discounted back 5 years. $ 6% nominal rate, quarterly compounding, discounted back 5 years. $ 6% nominal rate, monthly compounding, discounted back 1 year. $

1. Find the present value of $725 due in the future under each of the following...

1. Find the present value of $725 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent. 15% nominal rate, semiannual compounding, discounted back 5 years. $ 15% nominal rate, quarterly compounding, discounted back 5 years. $ 15% nominal rate, monthly compounding, discounted back 1 year. $ 2. Find the present values of the following cash flow streams. The appropriate interest rate is 10%. (Hint: It is fairly...

Find the EAR in each of the following cases.(Use 365 days in a year.Do...

Find the EAR in each of the following cases. (Use 365 days in a year. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)Stated RateNumber of times CompoundedEffective Rate (EAR)10.2%Quarterly18.0%Monthly13.5%Daily9.5%Semiannually

Present Value for Various Compounding Periods Find the present value of $575 due in the future...

Present Value for Various Compounding Periods Find the present value of $575 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent. 9% nominal rate, semiannual compounding, discounted back 5 years. $ 9% nominal rate, quarterly compounding, discounted back 5 years. $ 9% nominal rate, monthly compounding, discounted back 1 year. $

Find the present value of $775 due in the future under each ofthe following conditions....

Find the present value of $775 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent.a. 6% nominal rate, semiannual compounding, discounted back 5 years. $b. 6% nominal rate, quarterly compounding, discounted back 5 years. $c. 6% nominal rate, monthly compounding, discounted back 1 year. $

Find the EAR in each of the following cases (Use 365 days a year. Do not...

Find the EAR in each of the following cases (Use 365 days a year. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.): Stated Rate (APR) Number of Times Compounded Effective Rate (EAR) 9.4 % Quarterly % 18.4 Monthly 14.4 Daily 11.4 Infinite

Find the EAR in each of the following cases (Use 365 days a year. Do not...

Find the EAR in each of the following cases (Use 365 days a year. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.): Stated Rate (APR) Number of Times Compounded Effective Rate (EAR) 9.6 % Quarterly % 18.6 Monthly 14.6 Daily 11.6 Infinite

Subjects