You expect to receive $10,000 at graduation in two years. You plan on investing it at 11

Question:

You expect to receive $10,000 at graduation in two years. You plan on investing it at 11 percent until you have $60,000. How long will you wait from now?

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

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals Of Corporate Finance

ISBN: 9781265553609

13th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

See More Books

Question Posted: Aug 24, 2021 04:54 AM

See More Questions

You expect to receive a payment of 1 million British pounds after six months. The pound is currently worth $1.60 (1 = $1.60), but the future price is $1.56 (1 = $1.56). You expect the price of the...
You expect to receive $30,000 at graduation in two years. You plan on investing it at 9 percent until you have $160,000. How long will you wait from now? (Better than the situation in Question 9, but...
You expect to receive $5,000 in five years. What is the present value of this future receipt at the continuously discounted rate of 12 percent?
Suppose you have a subject property with a 105,000 sq. ft. lot and existing improvements for which you estimate the reproduction cost new to be $2,500,000, physical deterioration to be $400,000,...
A constant current of 1.50 amp is passed through an electrolytic cell containing a 0.10 M solution of AgNO3 and a silver anode and a platinum cathode until 2.48 g of silver is deposited. a. How long...
Abbott Laboratories, a major pharmaceutical company, reported the following current liabilities in its 2009 annual report (dollars in millions). REQUIRED:a. Briefly describe the transaction or event...
Tanner Park (see Problem 14 in Chapter 11) is a small amusement park that provides a variety of rides and outdoor activities for children and teens. In a typical summer season, the number of adult...
Listed are transactions of the Town of Jackson. 1. A budget consisting of estimated revenues of $1,950,000 and appropriations for expenditures of $1,800,000 was passed by the town council. 2....
Amber Mining and Milling, Inc., contracted with Truax Corporation to have constructed a custom-made lathe. The machine was completed and ready for use on January 1, 2021. Amber paid for the lathe by...
A researcher suspected that the number of between meal snacks eaten by students in a day during final examinations might depend on the number of tests a student had to take on that day. The...
You are scheduled to receive $20,000 in two years. When you receive it, you will invest it for six more years at 6.8 percent per year. How much will you have in eight years?
Mendez Co. has identified an investment project with the following cash flows. If the discount rate is 10 percent, what is the present value of these cash flows? What is the present value at 18...
Suppose that the typical college student graduates with $28,650 in debt. Let debt among recent college graduates be normally distributed with a standard deviation of $7,000. a. What is the...
Solve (c) 8 WI n=1 5 cos n N5
- Pierce Company reported net income of $160,000 with income tax expense of $19,000 for 2020. Depreciation recorded on buildings and equipment amounted to $80,000 for the year. Balances of the...
ABC Company had the following results as of 12/31/2020: ABC's hurdle rate is 10% CONTROLLABLE REVENUE CONTROLLABLE COST CONTROLLABLE ASSETS CONTROLLABLE INCOME 21. What is the division's margin? A....
A gray kangaroo can bound across a flat stretch of ground with each jump carrying it 10 m from the takeoff point. If the kangaroo leaves the ground at a 20 angle, what are its (a) takeoff speed and...
Since 1900, many new theories in physics have changed the way that physicists view the world. Create a presentation that will explain to middle school students why Quantum Mechanics is important, how...
The following account balances appear in the 2021 adjusted trial balance of Spiders Corporation: Common Stock, $30,000; Retained Earnings, $8,000; Dividends, $1,000; Service Revenue, $28,000;...
A spacecraft has left the earth and is moving toward Mars. An observer on the earth finds that, relative to measurements made when the spacecraft was at rest, its a. length is shorter b. KE is less...
Project Risk if you can borrow all the money you need for a project at 6 percent, doesnt it follow that 6 percent is your cost of capital for the project?
DCF cost of Equity Estimation what are the advantages of using the DCF model for determining the cost of equity capital? What are the disadvantages? What specific piece of information do you need to...
SML cost of equity estimation what are the advantages of using the SML approach to finding the cost of equity capital? What are the disadvantages? What specific pieces of information are needed to...
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total...
Mrquered Mrquered
You plan to invest $10,00 today in an investment account earning 5% interest. You then plan to invest an additional $1,000 into this account each year for the next twenty years. How much money will...

You expect to receive $10,000 at graduation in two years. You plan on investing it at 11

Question:

Step by Step Answer:

We use the formula AP1r100n where Afuture value Pp...View the full answer

Fundamentals Of Corporate Finance

Students also viewed these Business questions