Find the future values, FV of $800 paid each 6 months for 5

Find the future values

Assignment Help Operation Management

Reference no: EM13108024

Find the future values of the following ordinary annuities:

a. FV of $800 paid each 6 months for 5 years at a nominal rate of 5%, compounded semiannually. Round your answer to the nearest cent.

b. FV of $400 paid each 3 months for 5 years at a nominal rate of 5%, compounded quarterly.

Reference no: EM13108024

Questions Cloud

Question on chi square test for goodness of fit : A personnel manager is concerned about absenteeism. She decides to sample the records to determine if absenteeism is distributed evenly throughout the six-day workweek.

Calculate loan and lease payment : Sutton Corporation, which has a zero tax rate due to tax loss carry-forwards, is considering a 5-year, $6,000,000 bank loan to finance service equipment.

Find sensitivity and specificity of eggplant disease test : A dangerous new disease, "Mad Eggplant Disease," has been discovered in the United States. Scientists believe that this disease affects 7% of the eggplant-eating population.

Chi square test for goodness of fit : For three independent samples, each with n = 100, the respective sample proportions are 0.30, 0.35, and 0.25. Use the 0.05 level in testing whether the three population proportions could be the same.

Find the future values : FV of $800 paid each 6 months for 5 years at a nominal rate of 5%, compounded semiannually. Round your answer to the nearest cent.

Why republic supposed to be radical concept of government : Why was the republic supposed to be radical (and even utopian) concept of government? What was supposed to be crucial ingredient essential for people to maintain republic?

Chi square hypothesis test in excel : The manager of a Farmer Jack Super Market would like to know if there is a preference for the day of the week on which customers do their shopping.

What developing solvent should we use for the tlc procedure : What developing solvent should we use for the TLC procedure? 1. acetone 2. 0.5% acetic acid in ethyl acetate 3. hexane Why do we use NaOH solution in the extraction procedure? 1. because NaOH Converts the acid into the carboxylate 2. because flour..

Chi square distribution-hypothesis test : There are three loan officers at Farmer National Bank. All decisions on mortgage loans are made by one of these officers. The president of the bank would like to be sure that the rejection rate is about the same for the three officers.

User Account

All Pages