Mme. Barefield wishes to have $150,000 at the end of 8 years. How much must she invest

Question:

Mme. Barefield wishes to have $150,000 at the end of 8 years. How much must she invest today to accomplish this purpose if the interest rate is

a. 6 percent per year?

b. 8 percent per year?

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

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting Introduction To Concepts Methods And Uses

ISBN: 9780324222975

11th Edition

Authors: Clyde P. Stickney, Roman L. Weil

See More Books

Question Posted: Jul 09, 2024 10:07 AM

See More Questions

You own 100 shares of stock that you bought when the stock price was $30 per share. Assume that you sell your shares for $33 per share one year after you bought them, and you've received dividends...
A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labour content of the jobs needed to produce the shopping carts. Prior to b
The graph above shows the function f(a). The graph below shows g(x). g(x) is a transformation of f(x) where g(x) - Af( Bx) where: A B
A dipole of 6.6 nC point charges arranged 0.16 cm apart is centered at the origin and oriented along the x-axis. The positive charge is on the negative x axis. How m energy is required to place a...
A pair of parallel plates is charged by a 12-V battery. How much work is required to move a particle with a charge of 4.0C from the positive to the negative plate?
Holly funded the Holly Marx Trust in January 2017. The entire trust income is payable to her adult son, Jack for 20 years. At the end of the twentieth year, the trust assets are to pass to Hollys...
Describe how to use Gantt charts, milestone charts, and PERT planning techniques. LO.1
A simplified representation for cooling in very large-scale integration (VLSI) of microelectronics is shown in the sketch. A silicon chip is mounted in a dielectric substrate, and one surface of the...
Martinez Co. borrowed $72,536 on March 1 of the current year by signing a 60-day, 8%, interest-bearing note. Assuming a 360-day year, when the note is paid on Aperit 30, the entry to record the...
Mr. Case plans to set aside $4,000 each year, the first payment to be made on January I. 2005, and the last on January 1. 2010. How much will he have accumulated by January 1. 2010, if the interest...
Mr. Altgeldt has $5,000 to invest. He wants to know how much it will amount to if he invests it at the following rates: a. 6 percent per year for 21 years h. 8 percent per year for 33 years
What is the difference between a standard corporation (C corporation) and a benefit corporation (B corporation)?
Scenario : Wanda, a BCBA, is updating an intervention plan for a leaner on her caseload to submit for insurance funding authorization. Part of the plan includes the completion of an adaptive...
a) how can your company accommodate generational or gender difference within your company ? b) how can your company accommodate communication and or language difference within your company ?
3. Consider the following data for two catalysts, A and B. The temperature is 25 C and the reaction occurs at standard conditions. a. Make a Tafel plot and determine the Tafel slope. Estimate the...
How consumption can be helpful in facilitating the construction of your identity? Explain the ways in which the symbolic meanings, connected with your consumption choices are important to you? Is...
Cataumet Boats, Inc. Jaime Giancola had just completed the first half of her MBA program and wanted to work on a project during the summer that would give her some practical experience applying what...
Harmony Audio Company manufactures two models of speakers, DL and XL. Based on the following production and sales data for September 2009, prepare(a) A sales budget and(b) A productionbudget. DL XL...
How will relating product contribution margin s to the amount of the constrained resource they consume help a company maximize its profits?
Difference between Operating Leverage and Financial Leverage
bpmn diagram for misc purchases
You have $55,000. You put 15% of your money in a stock with an expected return of 10%, $38,000 in a stock with an expected return of 18%, and the rest in a stock with an expected return of 22%. What...

Mme. Barefield wishes to have $150,000 at the end of 8 years. How much must she invest

Question:

Step by Step Answer:

Financial Accounting Introduction To Concepts Methods And Uses

Students also viewed these Business questions