Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. kelly was promised a payment of 10,000 5 years fro

Kelly was promised a payment of 10,000 5 YEARS FROM NOW IN EXCHANGE for her...

80.2K

Verified Solution

Question

Accounting

Kelly was promised a payment of 10,000 5 YEARS FROM NOW IN EXCHANGE for her silence so that she doesn't tell others that she saw the payee wearing look-a-like Bono shades at a U2 concert at Angel Stadium. What is her present value of that payment at 5% interest?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Find dy/dx for a & b a) sin x+cos y=1 b) cos x^2 = xe^y c)Let f(x) =...

Basic Math
Q

(a) If your utility is represented by u(x,y) = min(x+2y,2x+y);what do you indifference curves look like? (b)...

Economics
Q

Describe using appropriate examples the ubiquitous nature of information technology.

Finance
Q

Excerpt from Bike Helmets Unused Lifesavers Consumer Reports May 1990 348 What is the central...

Biology
Q

3 In the diagram below what is mEDG DK86 G E F

Geometry
Q

3 The probability are 0 4 0 2 0 3 and 0 1 respectively that...

Basic Math
Q

If ? is in the first quadrant and cos ? = 3/5 , what is...

Basic Math
Q

If sin 0 8 17 and 0 is in Quadrant III find tan 6 2

Basic Math
Q

Solve the word problem below 85 24 An ice cream cone that was accidently dropped...

Calculus
Q

14 4 Evaluate the integral S x y z dz dy dx SS 0 0...

Calculus
Q

\table[[\table[[Lease],[Payment]],\table[[Cash],[Payment]],\table[[Effective],[Interest]],Balance,Balance],[,,,,$45,130,,],[1,$9,600,??,??,35,530,,],[2,9,600,$1,776,$7,824,27,706,,],[3,9,600,1,385,8,215,19,492,,],[4,9,600,975,8,625,10,866,,],[5,9,600,??,??,??,,],[6,$1,900,$90,$1,810,$0,,]] What would be the amount of Interest expense recorded with payment 5?...

Accounting
Q

New project analysis 7. Refer to the Web Tax Appendix to correctly answer this question....

Finance