If you invest ($ 3,000) three years from now, how much will be in the account 15

Question:

If you invest $\$ 3,000$ three years from now, how much will be in the account 15 years from now if $i=8$ percent compounded annually?

a. $\$ 3,500$

b. $\$ 7,555$

c. $\$ 9,415$

d. $\$ 9,516$

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles Of Engineering Economic Analysis

ISBN: 9781118163832

6th Edition

Authors: John A. White, Kenneth E. Case, David B. Pratt

See More Books

Question Posted: Mar 28, 2024 03:00 AM

See More Questions

1. you are offered an annuity of 12,000 a year for 15 years. The annuity payments start after five years have elapsed. If the annuity costs 75,000, is the annuity a good purchase if you can earn 9...
Assume that you are nearing graduation and that you have applied for a job with a local bank. As part of the banks evaluation (interview) process, you have been asked to take an exam that covers...
1 If you deposit $16000 in a savings account at 3.3% interest per year, how much will you have in 37 years? (Answer to the nearest dollar) 5.00000 points QUESTION 2 How much money would you need to...
1.What is the difference between Router and firewall 2.What is Packet filtering router 3.What is Stateful inspection firewall 4.What is Circuit level firewall 5.What is Application level firewall...
What types of strategies are most useful for firms operating in dynamic markets?
What should be the goal of every organization along the value chain? LO.1
There is variation in peoples attitudes toward how big the governments role should be. Does race and ethnicity play a role in explaining this variation? Run a regression equation using the ANES...
Determine the force P needed to pull the roller of mass M over the smooth step. Given: M = 50 kg a = 0.6 m b = 0.1 m = 60 deg 1 = 20 deg g = 9.81m/s2
Blair has a capital balance of $ 1 0 1 , 0 0 0 after adjusting assets to fair market value. Van Ness contributes $ 5 5 , 0 0 0 to receive a 3 0 % interest in a new partnership with Blair. Determine...
Consider a palletizer at a bottling plant that has a first cost of $\$ 150,000$, has operating and maintenance costs of $\$ 17,500$ per year, and an estimated net salvage value of $\$ 25,000$...
When using future worth to evaluate the attractiveness of a single investment alternative, what value is the calculated FW compared to? a. 0.0 b. 1.0 c. MARR d. WACC
Name two disadvantages of a product layout.
Repeat Exercise 15 in Chap. 3 to allow the user to enter temperatures for any number of cities using the best iteration structure. Data From Exercise 15 The dew point temperature is a good indicator...
Two stacks of positive integers are needed, one containing elements with values less than or equal to 1,000 and the other containing elements with values larger than 1,000. The total number of...
Compare Figures 1-2 and 1-12. How do they differ? How are they similar? Explain how Figure 1-12 conveys the idea of speed in development. Figures 1-2 Figures 1-12 Maintenance Planning Implementation...
With a neat sketch explain the working of pressure-velocity compounding of impulse steam turbine.
The adjusted trial balance for Barry Moving Service as of December 31 is as follows: Required a. Prepare the closing entries at December 31 directly to Retained Earnings in general journal form. b....
In teams of three or four, assume that you are the co- owners of a five-star restaurant located in the heart of a large city in the United States. First, draft a clause in a contract that might serve...
Dr. Chan obtained a $15,000 demand loan at prime plus 1.5% on September 13 from the Bank of Montreal to purchase a new dental X-ray machine. Fixed payments of $700 will be deducted from the dentists...
nformation pertaining to Noskey Corporation s sales revenue follows: November 2 0 2 1 ( Actual ) December 2 0 2 1 ( Budgeted ) January 2 0 2 2 ( Budgeted ) Cash sales $ 1 0 5 , 0 0 0 $ 1 1 5 , 0 0 0...
The management team of Netflix maintains a stable dividend using the Lintner model: Dt+1 = Dt + EPS Target Payout Where Dt (Dt+1) = dividend in the current period t (the next period t + 1) EPSt =...
#1 #2 hapter 50 10 D Werences lav Help Required information [The following information applies to the questions displayed below) Archer Company is a wholesaler of custom-built air-conditioning units...

If you invest ($ 3,000) three years from now, how much will be in the account 15

Question:

Step by Step Answer:

To calculate the future value of an investment compounded annually ...View the full answer

Principles Of Engineering Economic Analysis

Students also viewed these Business questions