How much money would you have to deposit today in order to have $2,000 in four years

Question:

How much money would you have to deposit today in order to have $2,000 in four years if the discount rate is 8 percent per year? ( LG 2-9 )

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

Step by Step Answer:

Related Book For book-img-for-question

Financial Markets And Institutions

ISBN: 9780078034664

5th Edition

Authors: Anthony Saunders, Marcia Cornett

See More Books

Question Posted: Jul 24, 2024 05:03 AM

See More Questions

Cindy Bagnal, the manager of Cayce Printing Service, has provided you with the following aging schedule for Cayce's accounts receivable: Cindy indicates that the $126,700 of accounts receivable...
Does it affect a monopolys profit if it chooses price or quantity (assuming it chooses them optimally)? Why cant a monopoly choose both price and quantity?
8. LO.2 Janda and Kelsey contributed $1,000,000 each to the JKL LLC in exchange for 45% capital and profits interests in the entity. Lilli will contribute no cash but has agreed to manage the LLCs...
1. Explain the characteristics of mutual fund investments.
(Pension Expense, Journal Entries, Statement Presentation) Henning Company sponsors a defined benefit pension plan for its employees. The following data relate to the operation of the plan for the...
El ratio de deuda total sobre el capital total es un tipo de ratio de gestin de la deuda eficaz porque da una idea de A. la rentabilidad de la empresa y la utilizacin de sus activos. B. la capacidad...
Consider these long-term investment data: The price of a 10-year $100 par value zero-coupon inflation-indexed bond is $84.49. A real-estate property is expected to yield 2% per quarter (nominal)...
What is the value of a $5,500, 4 year cash flow moved to year 8 when interest rates are 10 percent? ( LG 2-9 )
Why should the accountant be concerned about determining when material is issued into the production process?
Yellow M&Ms Express the confidence interval (0.0847, 0.153) in the form of P - E < p < p + E. 12. Blue M&Ms Express the confidence interval 0.255 (+-) 0.046 in the form of P - E < p < p + E.
An ideal, noble gas with a mass of 97.2 g at 25 C and a pressure of 608 torr has a volume of 22.7 L. 1. What is the pressure (in atm)? SHOW ALL WORK. 2. What is R (number and units)? 3. What is the...
A drug is used to help prevent blood clots in certain patients. In clinical trials, among 4705 patients treated with the drug, 170 developed the adverse reaction of nausea. Construct a 95% confidence...
the assessment include developing gantt chart, work breakdown structure and and all task 3 are related to its respective task 2. all the instructions are given in the assignment itself. Assessment...
Mens heights are normally distributed with mean 68.6in. and standard deviation 2.8in. Air Force Pilots The U.S. Air Force required that pilots have heights between 64 in. and 77 in. Find the...
Let Sn be the number of successes in n Bernoulli trials with probability .8 for success on each trial. Let An = Sn/n be the average number of successes. In each case give the value for the limit, and...
QUESTION 2 The CEO of Farisha Hijab Sdn Bhd insisted on further investigation to be carried out that he also required Mr Muaz to conduct the analysis of variance for the material and labour of the...
Squeeze Company reports the following: If cost of goods sold for the year is $220,000, the amount of cash paid to suppliers is $193,000 $227,000. $247,000. $205,000
Dados los siguientes saldos de cuentas al final del ao, calcule el total de activos intangibles en el balance de Crane Company. Efectivo $1640000 Cuentas por cobrar 1160000 Marcas comerciales 1245000...
In the United States, the bundle of rights called real property seems to have gotten smaller in recent decades. What type of governmental powers, such as safety regulations on the use of real estate,...

How much money would you have to deposit today in order to have $2,000 in four years

Question:

Step by Step Answer:

Financial Markets And Institutions

Students also viewed these Business questions