Maurice Tutor

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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 12 Aug 2017 My Price 7.00

interest rate

What amount must be invested today at an interest rate of 5.5% compounded monthly, if you want to purchase a $550,000 machine 5 years in the future?

 

a. What is the number of time periods (n) you should use?

 

b. What rate of intertest (i), per period of time, should be used in solving this problem?

 

c. Is the present single amount of money (P) known? (yes or no)

 

d. What is the desired future amount?

 

e. Which time value factor should be used to solve this problem?

f. What is the total amount of money that must be invested today?

Answers

Maurice Tutor
(5)
Status NEW Posted 12 Aug 2017 12:08 AM My Price 7.00

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