subject
Business, 24.02.2020 16:39 damiangomzzz903

A rich aunt has promised you $ 3 comma 000$3,000 one year from today. In addition, each year after that, she has promised you a payment (on the anniversary of the last payment) that is 7 %7% larger than the last payment. She will continue to show this generosity for 2020 years, giving a total of 2020 payments. If the interest rate is 7 %7%, what is her promise worth today?

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 11:30
Leon and sara are arguing over when the best time is to degrease soup. leon says that it's easiest to degrease soup when it's boiling. sara says it's easiest to degrease soup when it's cold. who is correct? a. neither leon nor sara is correct. b. leon is correct. c. both leon and sara are correct. d. sara is correct. student b   incorrect which following answer correct?
Answers: 1
question
Business, 22.06.2019 14:40
You are purchasing a bond that currently sold for $985.63. it has the time-to-maturity of 10 years and a coupon rate of 6%, paid semi-annually. the bond can be called for $1,020 in 3 years. what is the yield to maturity of this bond?
Answers: 2
question
Business, 22.06.2019 17:00
Explain how can you avoid conflict by adjusting
Answers: 1
question
Business, 22.06.2019 20:20
This activity is important because as a marketing manager, you must allocate resources to reach your target market. during the strategic marketing process, managers move through three important phases to determine how to optimally allocate resources: a planning phase, an implementation phase, and an evaluation phase. in this interactive exercise, you are asked to review various strategic marketing actions and determine where in the strategic marketing process the action would occur. the goal of this exercise is to demonstrate your understanding of the strategic marketing process and related marketing actions.
Answers: 2
You know the right answer?
A rich aunt has promised you $ 3 comma 000$3,000 one year from today. In addition, each year after t...
Questions
question
Biology, 12.10.2020 19:01
question
Mathematics, 12.10.2020 19:01
question
Mathematics, 12.10.2020 19:01
Questions on the website: 13722367