a staunch christian has willed an amount of $5500 to be paid annually forever to the bible house. At 91 day treasury bill rate of 12%, what is the present value of the donation if payment starts;
at the end of the year
at the beginning of the year
at the end of five years
Suppose that the average amount paid by customers at a grocery store is $80. The standard deviation of the amounts paid is $24. The distribution of the amounts paid is skewed. (Notice that the individuals here are customers and
Billy Burnett's grandfather willed Billy $10,000 payable on his twenty-first birthday. What will be the value of the bequest when Billy reaches 17 years of age if money is worth 8% compounded semi-annually?
If your bank pays 5.5 percent interest on savings deposits, what is the simple interest paid in the third year on an initial $100 deposit? What is the total amount in the account after three years? What is the amount after three