Videotech specializes in online security software development. It wants to have $65 million available in 3 years to pay stock dividends. How much money must the company set aside now in an account that earns interest at a rate of 12% per year, compounded quarterly? Solve using (a) tabulated factors, and (b) a single-cell spreadsheet function.
What will be an ideal response?
(a) P = 65,000,000(P/F,3%,12)
= 65,000,000(0.7014)
= $45,591,00
(b) Spreadsheet function: = PV(EFFECT(12%,4),3,,65000000) displays $-45,589,692
You might also like to view...
The first breed of horses developed in the United States was the
A. Mustang B. Arabian C. Quarter Horse D. Morgan E. Appaloosa
Vortex vanes on an electric centrifugal chiller ____________________
A. provide a way to coast the compressor wheel to a stop B. prevent compressor surging C. help control compressor capacity D. separate out non-condensable gasses
Which of the following properties is the one that most affects the transparency effect on objects?
a. Shininess b. Opacity c. Reflection d. Refraction index
Use Data Sheet 5. Refer to the figure. If the total run is 60", the offset is 12", with 3" PVC, what is the e-e measurement of K?
Fill in the blank(s) with the appropriate word(s).