Question

You have been offered a contract to work as a consultant. The company will pay you $6416 per month. You will complete the work in 6 years. Your required return is 6.64%, what is this contract worth today?

likes

451 views

Answer to a math question You have been offered a contract to work as a consultant. The company will pay you $6416 per month. You will complete the work in 6 years. Your required return is 6.64%, what is this contract worth today?

$Expert avatar$

Lurline

4.6

108 Answers

6416\times\frac{1-\left(1+\frac{6.64\%}{12}\right)^{-12\times6}}{\frac{6.64\%}{12}}=380169.87 It is worth $380169.87

Frequently asked questions (FAQs)

What is the shaded region in the graph of the inequality y ≤ 2x + 3 in the coordinate plane? (

Find the slant height 'l' of a cone with radius 'r' and height 'h' using Pythagorean Theorem. Then, apply the formula for the lateral surface area 'A' of the cone: A = πr*l.

What are the extrema of the function f(x) = 3x^2 - 2x + 4 over the interval [-1, 2]?

New questions in Mathematics

what is 3% of 105?

I) Find the directional derivative of 𝑓(𝑥, 𝑦) = 𝑥 sin 𝑦 at (1,0) in the direction of the unit vector that make an angle of 𝜋/4 with positive 𝑥-axis.

In a store there are packets of chocolate, strawberry, tutti-frutti, lemon, grape and banana sweets. If a person needs to choose 4 flavors of candy from those available, how many ways can they make that choice?

The sum of two numbers is 6, and the sum of their squares is 28. Find these numbers exactly

4x567

Margin of error E=0.30 populations standard deviation =2.5. Population means with 95% confidence. What I the required sample size (round up to the whole number)

Desarrolla (2x)(3y + 2x)5

A storage maker price is $2.50 per square feet. Find the price of a custom shed 4 yards long, and 5yards wide and 8 feet tall

7=-4/3y -1

Use the power rule for logarithms to solve the following word problem exactly. If you invest $1, 000 at 5% interest compounded annually, how many years will it take before you have $2,000?

The two sides of the triangle are 12 cm and 5 cm, and the angle between the sides is 60°. Cover the area of the triangle!

The sick-leave time of employees in a firm in a month is normally with a mean of 100 hours and a standard deviation of 20 hours. Find the probability that the sick-leave time of an employee in a month exceeds 130 hours.

In measuring the internal radius of a circular sewer the measurement is 2% too large. If this measurement is then used to calculate the circular cross-sectional area of the pipe: Determine, by using the binomial theory, the percentage error that will occur compared to the true area.

Write the equation of the line that is parallel to y= 4x-7 and has a y- intercept at (0,5)

7- A printing company found in its investigations that there were an average of 6 errors in 150-page prints. Based on this information, what is the probability of there being 48 errors in a 1200-page job?

1. The cost to transport 250 packages of cement 120 kilometers is $600. What will be the cost to transport 500 packages 300 kilometers?

Convert (324)𝑓𝑖𝑣𝑒 into base-ten

The perimeter of a rectangular rug is 42 feet. The width is 9 feet. What is the length?

Paul invites 12 friends to his birthday. He wants to give 15 candies to everyone two. The candies are sold in packs of 25. How many should he buy? packages?

(3.1x10^3g^2)/(4.56x10^2g)

You have been offered a contract to work as a consultant. The company will pay you $6416 per month. You will complete the work in 6 years. Your required return is 6.64%, what is this contract worth today?

Answer to a math question You have been offered a contract to work as a consultant. The company will pay you $6416 per month. You will complete the work in 6 years. Your required return is 6.64%, what is this contract worth today?

You might be interested in