Suppose an investment earns 2.6% interest compounded continuously. Find the future value of a $3000 investment after 12 years. Round your answer to the nearest cent, if necessary.

Q: Determine the equal payment series for 10 years that is equivalent to a payment series of $6,000 at…

A: Information Provided: Year 1 Payment = $6000 Decrease in yearly payment = $250 Interest rate = 5%…

Q: What is the value of the account in January 2030?

A: Information Provided: Initial Investment (Jan 2018) = $10,000 Interest rate = 5% compounded monthly…

Q: The key similarities and differences between a small company equity fund (also called a small cap…

A: In today scenario Mutual fund become the best source of generating consistent income for small group…

Q: Who are the suppliers and demanders of funds in the financial system and in what ways can they…

A: There are some main participants in financial system that act as suppliers and demanders of funds.…

Q: The three key groups in the economic environment are Group of answer choices consumers, economists,…

A: The economic environment refers to the determinants that has an impact on buying and selling habits…

Q: escribe and assess three banking services that a   Bank  offers .

A: Banking are important back bone of the any country and good banking is quite necessary for the…

Q: Which of the following statements is false?   A.   Internal controls are the processes by which…

A: In the above question the statement that is false is that Footnotes allow investors or any users to…

Q: Suppose you want to withdraw $30,000 at the end of year 3 and another $30,000 at the end of year 5.…

A: Solution:- When some amount is deposited somewhere, it earns interest on it. The amount initially…

Q: Deep Excavating Inc. is purchasing a bulldozer. The equipment has a price of $106,000.…

A: The concept of TVM states that money has an interest-earning capacity which makes the money earned…

Q: A series of payments that starts out at year 1 at $500 and inceases by $100 each year for the next 5…

A: Cash flow diagram is a representation of the movement of fund. An upward arrow represents cash…

Q: Suppose that you can earn 15% compounded monthly. You would like to have $100,000 in 5 years. You…

A: Given, Rate is 15% compounded monthly Amount required is $100,000 term is 5 years

Q: Find the present value of the following ordinary annuities. (Notes: If you are using a financial…

A: Solution:- When an equal amount is deposited each period at end of the period, it is called ordinary…

Q: he amount of goods and services each dollar buys at a given point in time is: Group of answer…

A: As reference to Goods, these are the physical goods which is tangible in nature such as Wheat, Salt.…

Q: Find the time it takes for $5,800 to double when invested at an annual interest rate of 8%,…

A: 1. Initial investment (IV) = $5800 Amount required (FV) = $5800 * 2 = $11600 Interest rate (r) =…

Q: ENGINEERING ECONOMY UPVOTE WILL BE GIVEN. PLEASE WRITE THE COMPLETE SOLUTIONS LEGIBLE. FOLLOW THE…

A: Due to compounding of interest the amount being accumulated over the period of time is much more…

Q: An online lending company is offering simple interest personal loans based on consumer credit…

A: Simple Interest = Prinicipal amount * Interest rate * Number of years

Q: A put option on MSFT (Microsoft) stock has the following terms: exercise/ strike price is $305;…

A:

Q: Utility refers to Group of answer choices the total of your spending for the year the satisfaction…

A: Utility is related with consumption of goods by customer. This is very important that customer…

Q: Risk premium is also called A• Risk addictive B• Credit spread C• Debt spread D• Risk spread

A: Risk premium:- Risk premium is the extra return on the risk security when compared to Risk free…

Q: Your small startup wants to take out a loan for 5 years for a piece of equipment. The bank offers 6%…

A: Payment per period refers to the time which is used for calculating the wages that are earned and…

Q: 35. Mangold plc, a large centralized business in the UK, has conducted a strategic review and…

A: Mangold plc, a large, centralized business in the UK, has conducted a strategic review and…

Q: Explain economic exchanges that take place among producers, consumers, and resource owner

A: Economic Exchange - It refers to the change of resources from one hand to another hand, say for…

Q: 1. Pedro, who deposited P500,000.00 today with a financial Institution M, agreed with the latter…

A: The future value of an asset refers to the value that the asset acquires after a predetermined time…

Q: In return for payment of P5000 at the end of 4 years and P8500 at the end of 9 years, a man agrees…

A: Earlier Cash flow: Payment of P5000 at the end of 4th year Payment of P8500 at the end of 9th year…

Q: 6.Wainright Co. has identified an investment project with the following cash flows.      Year…

A: Years  Cash flows 1 720 2 930 3 1190 4 1275 We are given these cash flows for an…

Q: Afex Engineering Company has cost of equity of 17%, cost of debt of 12% and debt ratio of  40%. The…

A: Net Present Value: The worth of all future cash flows, both positive and negative, discounted to the…

Q: The Excel worksheet below contains data for an annuity investment. In the space provided, enter the…

A: Future value of deposit includes the amount being deposited and amount of interest being accumulated…

Q: Ward is self-employed. Based on last year, his projected state and federal taxes for this year will…

A: Wards projected taxes for the year are=6000 Which he has to pay quarterly we have to calculate how…

Q: Which investment will earn more money, a $1,000.00 investment for 6 years at 8% compounded…

A: Future value of investment with continuous compounding is calculated using following equation Future…

Q: Your father is 50 years old and will retire in 10 years. He expects to live for 25 years after he…

A: There is need of proper planning for retirement and if done on time would give good results due to…

Q: Elena purchased a stamp collection for $8,250 five years ago. If it appreciated 7.4% annually, what…

A: Future value refers to the accumulated value of an investment compounded at the specified rate of…

Q: A benchmark index has three stocks priced at $50, $26, and $30. The number of outstanding shares for…

A: Index value today= (Market capitalization today/Market capitalization on previous day)*Index value…

Q: Karl borrows P200,000 and agrees to pay the principal and interest by making equal payments at the…

A: A loan refers to the amount borrowed from one person to the other person in exchange for the…

Q: Which of the following is essentially unsecured? A• Certificate deposits B• Treasury bills C•…

A: Sources of Short term funds: Trade credit  Working capital loan Issuing commercial papers 3 Months…

Q: ENGINEERING ECONOMY UPVOTE WILL BE GIVEN. PLEASE WRITE THE COMPLETE SOLUTIONS LEGIBLE. FOLLOW THE…

A: Solution:- When an amount is deposited each period at beginning of period, it is called annuity due.…

Q: Please help me solve this problem; If the portfolio is 500,000, with the significance level of 1%,…

A: Note: The VaR calculations involve the computation of the volatility or standard deviation. It is…

Q: X Corp plans to invest in new equipment costing 290,000 with no salvage value. The project will save…

A: Cost of Equipment is 290,000 Operating cost saving is 160,000 Time period is 3 years Tax rate is 40%…

Q: In 1626, Dutchman Peter Minuit purchased Manhattan Island from a local Native American tribe.…

A: We are given  Present value=24 Rate=4.25% number of years=392 We have to calculate Future value we…

Q: A non-executive director of Plumtree plc has been asked to deliver a presentation to the company's…

A: Solution:- Corporate Governance is the system by which an entity is controlled and practiced.

Q: Taxable Income $0-$9,700 $9,701-$39,475 $39,476-$84,200 $84,201-160,725 $160,726-$204,100…

A: The tax rate depends upon the amount of taxable income. The greater the income the marginal tax rate…

Q: a) In how many years will a single investment of $1,000 made now, increase to $2,000 if the interest…

A: Information Provided: Present value = $1000 Future value = $2000 Interest rate = 3%   NOTE: As…

Q: Determine the effective annual yield for each investment. Then select the better investment. 6%…

A: 1. Nominal annual yield = 0.06 Semiannual yield (s) = 0.03 (i.e. 0.06 / 2) Number of semiannual…

Q: Fatima received a $49,800 mortgage that is amortized over 6 years. She negotiated a fixed interest…

A: A mortgage is a type of loan used for the purchase or maintenance of the real estate. The property…

Q: Lever Age pays an 9% rate of interest on $9.70 million of outstanding debt with face value $9.7…

A: Given, Rate of interest = 9%. Outstanding debt = $9.70 million. EBIT = $2.3 million. Depreciation =…

Q: their parents after 5 years. The plan is for each to make semi-annual deposits of P20,000 in their…

A: Future value of deposit includes the amount being deposited and amount of interest being accumulated…

Q: Q2: Following is the contribution margin income statement of a single product company: Sales Less…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: he risks and expected cash flows for Stock A and Stock B are the same. Indeed, these two stocks are…

A: Required rate of stock depends on the risk factors of the stock and many other factors and liquidity…

Q: an you describe with examples of the advantages and disadvantages of ratio analysis?

A: Ratio Analysis: Ratio analysis is a financial metric used by financial managers for analyzing and…

Q: Alex invested P25,000.00 to a business. The ROR is 9 % compounded quarterly and he expects to have…

A: Given that  Amount invested =  P25,000 Rate of return (ROR) = 9% compounded quarterly So quarterly…

Q: Given the data in the above table, calculate the share exchange ratio:

A: Information Provided: Target share price = $15.50 Takeover Premium = 10% Acquirer share price =…