Question 15 10 pts Suppose Carla plans to invest 1,484 in 3 years from today and...
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Question 15 10 pts Suppose Carla plans to invest 1,484 in 3 years from today and 2,473 in 7 years from today. Carla also plans to deposit or withdraw $X in 14 years. How much must Carla deposit/withdraw at the end of year 14 if she wants to have $22,007 saved in 19 years? Carla earns 3.15% compounded semiannually. Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$""" or any other formatting. Carry interim computations to at least 4 decimals. Enter numerical answers as a positive (deposit) or negative (withdrawal) number rounded to 2 decimal places (###.##) Elam, a contractor, just signed a contract with a developer to provide services in a new housing development. The developer has agreed to pay Elam $44,392 in 5 years and another $57,656 14 years from today. Elam anticipates costs of $13,058 9 years from today and another $21,082 cost 18 years from today. What is the total present value of the contract to Elam if the interest rate is 4.86% compounded annually? Question 15 10 pts Suppose Carla plans to invest 1,484 in 3 years from today and 2,473 in 7 years from today. Carla also plans to deposit or withdraw $X in 14 years. How much must Carla deposit/withdraw at the end of year 14 if she wants to have $22,007 saved in 19 years? Carla earns 3.15% compounded semiannually. Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$""" or any other formatting. Carry interim computations to at least 4 decimals. Enter numerical answers as a positive (deposit) or negative (withdrawal) number rounded to 2 decimal places (###.##) Elam, a contractor, just signed a contract with a developer to provide services in a new housing development. The developer has agreed to pay Elam $44,392 in 5 years and another $57,656 14 years from today. Elam anticipates costs of $13,058 9 years from today and another $21,082 cost 18 years from today. What is the total present value of the contract to Elam if the interest rate is 4.86% compounded annually?
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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