a. If the asset’s initial cash flow is $1,000 (a1 = 1000), what will the asset’s cash flow be in 23 years? (a23 = ?) b. What is the total sum of the asset’s cash flows for 50 years (starting from...
a. If the asset’s initial cash flow is $1,000 (a1 = 1000), what will the asset’s cash flow be in 23 years? (a23 = ?) b. What is the total sum of the asset’s cash flows for 50 years (starting from...
would i use the formula r= d/1-dn? which would be .075/1-.075(60/360) = .0625 or 6.25%
Starting with $2,000 on March 3, you deposit $500 23 days from March 3, withdraw $800 69 days from March 3, and deposit $600 121 days from March 3. If your final balance is $2,458 150 days from March...
You are supposed to make three payments, $550 in 4 months, $780 in 11 months, and $300 in 20 months. If you want to discharge your debt in 15 months with a single payment and the interest rate is...
An asset’s value was $1,439 7 days ago. If the asset’s value has uniformly increased and its value today is $1,522, what was its value 2 days ago? would you use geometric progression ?
1. A project proposal stated that it would provide at least $20,000 in annual returns for the next 3 years but requires an initial investment of $50,000. Will its approval be worthwhile if the cost...
1. Lynn had a $2,000 personal loan at 9.5% for 18 months. Suppose that she is given the choice between the level method and the rule of 78 method and that she wants to pay off the remaining balance...