Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. using an effective rate of interest of 6% per annu

Using an effective rate of interest of 6% per annum, calculate the DISCOUNTED MEAN TERM...

80.2K

Verified Solution

Question

Accounting

Using an effective rate of interest of 6% per annum, calculate the DISCOUNTED MEAN TERM (in years) of the following series of payments:
150 payable after 7 years,
300 payable after 14 years, and
E400 payable after 20 year's.
Express your answer to FOUR decimal places.
image

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

There are two parts to this question. Describe the basics of the sympathetic and parasympathetic divisions...

Biology
1.2K views

The AaBb x aabb and the following offspring were produced AaBb 43 Aabb 11 aaBb...

Basic Math
1.2K views

4 Licen Construct a polynomial function that might have the give 27 2 1 1...

Basic Math
1.2K views

the following is most likely the next step in the series?a11 A12, b21, B22, c31,...

Basic Math
1.2K views

Loretta, who turns eighty this year, has just learned about blood pressure problems in the...

Statistics
1.2K views

altogether You may want to use a tree diagram to con struct the sample space...

Algebra
1.2K views

Ralph Chase plans to sell a piece of property for 145000 He wants the money...

Accounting
1.2K views

me

Accounting
1.2K views

Una empresa compr $2300 en mercancas el 5 de julio con los trminos 1/10, n/30....

Accounting
1.2K views

Refer to the XYZ Company example in the chapter and the results in Panels A...

Accounting
1.2K views

Sibu started saving for his sons university tuition fees when his son was born on...

Accounting
1.2K views

On the last day of October, Lake Company borrows $ 60,000 on a bank note...