Juliette Bronson anticipates needing $500,000 to start a business. If she can earn 4.5 percent compounded annually
Question:
Juliette Bronson anticipates needing $500,000 to start a business. If she can earn 4.5 percent compounded annually on her investments, how much money would Juliette have to invest today to have $500,000 in three years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 56% (16 reviews)
Amount required at end on investment per...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1118845899
3rd edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
Question Posted:
Students also viewed these Corporate Finance questions
-
Maria Addaihas been offered a future payment of $750 two years from now. If she can earn 6.5 percent compounded annually on her investment, what should she pay for this investment today?
-
Brenda Young desires to have $10,000 eight years from now for her daughter's college fund. If she will earn 7 percent (compounded annually) on her money, what amount should she deposit now? Use the...
-
Brenda Young desires to have $20,000 eight years from now for her daughter's college fund. If she will earn 4 percent (compounded annually) on her money, what amount should she deposit now? Use the...
-
Christine has three cars that must be overhauled by her ace mechanic, Megan. Given the following data about the cars, use least slack per remaining operation to determine Megans scheduling priority...
-
In the Learning from Experience feature, John Thompson is reported as emphasizing that leaders need personal integrity and a relentless focus on people. Also, he says leaders need to take time to...
-
Selected financial data for Changretta Inc. and Solomon Ltd. (in $ thousands) are presented below. Changretta Inc. Solomon Ltd. Statement of Comprehensive Income (Loss) Total revenue $36,755 $36,333...
-
Explain how human resource management is part of business strategy. LO.1
-
The accounting records of Downton Home Store show these data (in millions). The shareholders are very happy with Downtons steady increase in net income. Auditors discovered that the ending inventory...
-
Company D is comparing two different capital structures: an all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 160,000 shares of stock outstanding. Under Plan...
-
Michael Lee was hired as chief executive officer (CEO) in late November by the board of directors of Hunter Electronics, a company that produces a state-of-the-art DVD drive for personal computers....
-
Eric Fisher, a number 1 draft pick of the Kansas City Chiefs, and his agent are evaluating three contract options. Each option offers a signing bonus and a series of payments over the life of the...
-
Christopher Thompkins must decide how to invest $10,000 that he just inherited. What would be the future value of his investment after five years under each of the following three investment...
-
At December 31, 2020, before any year-end adjustments, the Accounts Receivable balance of Sunset Hills Clinic is \(\$ 235,000\). Allowance for Uncollectible Accounts has a \(\$ 6,500\) credit...
-
n1 = 20, n2 = 25, S = 607, H1: 1 2. In Exercises 710, compute S, S, and the value of the test statistic z. Then find the P-value for the specified alternate hypothesis and values of n1, n2, and S.
-
To determine whether traffic levels differ between the morning and evening rush hours, a traffic engineer counted the number of cars passing through a certain intersection during five-minute periods...
-
Macon Timber Company established a \(\$ 150\) petty cash fund on January 1, 2012. Required a. Is the establishment of the petty cash fund an asset source, use, or exchange transaction? b. Record the...
-
Following is a bank reconciliation for Holt's Sandwich Shop for May 31, 2012: Because of limited funds, Holt's employed only one accountant who was responsible for receiving cash, recording receipts...
-
For each of the following situations, fill in the blank with FIFO, LIFO, or weighted average. a. b. c. d. e. f. would produce the highest amount of net income in an inflationary environment. would...
-
What is the difference between a wye-connected and delta-connected transformer?
-
The following information is available for Partin Company: Sales $598,000 Sales Returns and Allowances 20,000 Cost of Goods Sold 398,000 Selling Expense 69,000 Administrative Expense 25,000 Interest...
-
What is an agency relationship and what is an agency conflict? How can agency conflicts be reduced in a corporation?
-
What can happen if a firm is poorly managed and its stock price falls substantially below its maximum?
-
What are some of the regulations that pertain to boards of directors that were put in place to reduce agency conflicts?
-
A company is evaluating a new 4-year project. The equipment necessary for the project will cost $3,300,000 and can be sold for $650,000 at the end of the project. The asset is in the 5-year MACRS...
-
You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company...
-
I need to see where the calculations for this problem come from plz. 5. Award: 4.00 points Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement...
Study smarter with the SolutionInn App