+1-415-670-9189
info@expertsmind.com
Calculate the amount that simeon
Course:- Business Economics
Reference No.:- EM132281365




Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Business Economics

Simeon wants to invest an amount now that will have a total value of R10 000 after five years. The compounded interest rate of the investment is 12% per annum.

Required:

Calculate the amount that Simeon will have to invest today to receive R10 000 at the end of year five by using the mathematical formula. Show the mathematical formula and detailed workings. [Use four decimal places for your calculations and round your final answer to the nearest rand.]




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
What is the man-hour estimate for a 95% learning curve unit #4 What is an ISOCost Point? List 4 items of non productive time that affect Labor Rates: Describe an interdivision
If the price of a product decreases, we would expect: "Price" in the statement of the Law of Supply refers to: A decrease in demand and an increase in supply will: When produc
What is price discrimination and how is it used to increase a monopoly's profits? Explain with a graph, how consumer surplus changes when a monopoly price discriminates. Give
Explain the economic effects of spillover benefits? Thoroughly and completely explain how spillover benefits are corrected and the economic implications of the corrections?
Why doesn’t the U.S. simply restrict all goods coming in from China? Why can’t the U.S. just minimize the amount of imports coming in from all other countries?
Robert was running low on cash and could not buy his Marketing textbook by the first day of class if the bookstore did not accept his credit card. Luckily, the bookstore accep
Voss Company acquired patent rights on January 6, 2011, for $480,000. The patent has a useful life equal to its legal life of eight years. On January 3, 2014, Voss successfull
Jim sees commuting by bus and T as perfect substitutes (U = T + B), that is, he would exchange one commute by bus for one commute by T. The price of a bus ticket is $1.50 and