Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 17, 2024

5. You expect to receive $147,000 at graduation in three years. You plan on investing it at 10% until you have $256,000. How long

5. You expect to receive $147,000 at graduation in three years. You plan on investing it at 10% until you have $256,000. How long will you wait from now? (round your final answer to 2 decimals)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Entrepreneurial Finance

Authors: J . chris leach, Ronald w. melicher

4th edition

538478152, 978-0538478151

More Books

Students also viewed these Finance questions

Question

( Financial forecasting long dash percent of sales ) Nextyear's sales for Cumberland Mfg. are expected to be $16.25 16.25 million. Current sales are $13 13 million, based on current assets of $4.33...

Answered: 1 week ago

Question

Check my work Compton Company expects the following total sales: Month Sales March $22,000 April $12,000 May $32,000 June $17,000 The company expects 60% of its sales to be credit sales and 40% for...

Answered: 1 week ago

Question

. On January 6. Oriole Co. sells merchandise on account to Harley Inc. for $9,700. terms 1/10, n/30. On January 16, Harley pays the amount due. Prepare the entries on Oriole Co.'s books to record...

Answered: 1 week ago

Question

★★★★★

Zephre Company reported net income for the year of $56,000. Depreciation expense for the year was $12,000. During the year, accounts receivable increased by $4,000, inventory decreased by $6,000,...

Answered: 1 week ago

Question

★★★★★

You have $1,500 and plan to purchase a 5-year certificate of deposit that pays 3.5% interest, compounded annually. How much will you have when the CD matures?

Answered: 1 week ago

Question

★★★★★

Identify and briefly describe French and Raven's five bases of power, and discuss the responsible use of power. Q-758

Answered: 1 week ago

Question

★★★★★

What are the null and alternative hypotheses tested by the ????-ratio in the ANOV table?

Answered: 1 week ago

Question

★★★★★

Kohl Ceramics, Inc.s comparative balance sheets, for December 31, 2014 and 2013, follow. During 2014, the company had net income of $192,000 and building and equipment depreciation expenses of...

Answered: 1 week ago

Question

★★★★★

Lab Description Generate a random choice for the computer player. Next, the person player will make a choice. Finaly, you take the two choices and see which ane of the players is the winner. You will...

Answered: 1 week ago

Question

★★★★★

consisting of the analysis of a social problem or at-risk population. This paper will require you to: Identify a social problem or at-risk population. Discuss the history of the problem, the current...

Answered: 1 week ago

Question

★★★★★

A hedger is short spot and long futures. Today, spot is 4.40 and the June future is 5.00. A bit later, spot goes to 5.00 and the June future goes to 5.10. What has happened to basis in this period?...

Answered: 1 week ago

Question

★★★★★

The EICAS CRTs (cathode ray tubes) are: Group of answer choices Identical Directly powered from the battery bus Cooled by AC-powered fans All the above Only b and c

Answered: 1 week ago

Question

★★★★★

A recruiter asks candidates for a customer service rep position, "Why are you interested in this role?" Which response ( s ) would hurt a candidate's chances of advancing to the next round? Select...

Answered: 1 week ago

Question

★★★★★

You are starting to draw up your plans for the program. You realize that employees are going to have a lot of questions about the change. You cannot get all of the questions handled in all - hands...

Answered: 1 week ago

Question

★★★★★

I need these charts filled in using the information given Instructions Analysis Ledger Trial Balance Greenwald and Mass developed a business and plan to begin by offering clinics for basic outdoor...

Answered: 1 week ago

Question

★★★★★

considering the three tier architecture of database management system propose a scenario that exemplifies a form of data independence

Answered: 1 week ago

Question

★★★★★

d) For die casting processes: 1. What are the most common metals processed using die casting and discuss why other metals are not commonly die casted? 2. Which die casting machines usually have a...

Answered: 1 week ago

Question

★★★★★

=+3. Because this is a correlational study, the results cannot be assumed to show that a low fitness level causes mortality. What third variables might explain the relationship between activity level...

Answered: 1 week ago

Question

★★★★★

=+2. How does the HPA axis function in regulating stress?

Answered: 1 week ago

Question

★★★★★

=+2. What is the biggest health risk facing Americans today?

Answered: 1 week ago

Previous Question Next Question