Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. if you want to have 15000 at the end of each year for 10 years and you know you can get 8% interest what

1. if you want to have 15000 at the end of each year for 10 years and you know you can get 8% interest what amount do you need to invest now?

a 32384

b 217298

c 100651

d 6948

2. if you want to have 1500000 at the end of 14 years and you know you can get 6% interest what amount do you need to invest?

3. If you invest 24000 each year for 15 years at 9 % interest, at the end of 15 years you will have?

4. if you invest 12000 each year for 17 years at 6 % interest at the end of 7 years you will have?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting For Decision Makers

Authors: Peter Atrill, Eddie McLaney

7th Edition

027378563X, 9780273785637

More Books

Students also viewed these Accounting questions

Question

1. Give five general duties of the database administrator.

Answered: 1 week ago

Question

What is the purpose of the staffing practice called Two-in-aBox?

Answered: 1 week ago

Question

What would you do?

Answered: 1 week ago