Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 02, 2024

9. If you have a financial goal of $20,000 after 6 years, how much should you depa every 3 months starting now in an

9. If you have a financial goal of $20,000 after 6 years, how much should you depa every 3 months starting now in an account that compounds quarterly at a rate 5.5% (7 pts) Use P= A() ((1+)-1) (8pts)

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

Geometry Of Hypersurfaces

Authors: Thomas E Cecil, Patrick J Ryan

1st Edition

1493932462, 9781493932467

More Books

Students also viewed these Mathematics questions

Question

★★★★★

a. Over a two year time horizon an investor experiences the following net cash flows: Year 0 1 2 Cash flow -$8,000 $5,280 $5,320 What is the internal rate of return for the investor? Demonstrate that...

Answered: 1 week ago

Question

★★★★★

Explain why ERP served with a cloud platform might be more affordable to small and medium businesses than traditional ERP installations.

Answered: 1 week ago

Question

★★★★★

=+2. Management is considering a $ 100,000 investment in a project with a 5-year life and no residual value. Ifthe total income from the project is expected to be $60,000 and recognition is given to...

Answered: 1 week ago

Question

★★★★★

Is the use of fMRI and PET scan information to locate areas of the brain that correlate with specific cognitive functions the new phrenology, or do these approaches provide valid methods to evaluate...

Answered: 1 week ago

Question

★★★★★

A sample of 10 NCAA college basketball game scores provided the following data. a. Compute the mean and standard deviation for the points scored by the winning team. b. Assume that the points scored...

Answered: 1 week ago

Question

★★★★★

plz solve no3 3. Write a function called Reset which takes a single parameter of type double* (pointer to double) and sets the value pointed to by the parameter to 0. The function should return - not...

Answered: 1 week ago

Question

★★★★★

m. Computation The beginning inventory, purchases and sales of a particular inventory item of Carlo Company during the year were as follows: January June July September October December 1 Inventory...

Answered: 1 week ago

Question

★★★★★

Q8S3- Calculate Mean and Mode of the following. Class 0-5 5-10 10-15 15-20 20-25 25-30 30-35 Frequency 4 6 4 5 6

Answered: 1 week ago

Question

★★★★★

A bank sells a "three against six" $3,000,000 FRA for a three-month period beginning three months from today and ending six months from today. The purpose of the FRA is to cover the interest rate...

Answered: 1 week ago

Question

★★★★★

Early Historical Development of Applied Behavior Analysis In 1913, John B. Watson was the first American psychologist to call himself a "behaviorist." From 1913 to 1974, a series of events and...

Answered: 1 week ago

Question

★★★★★

Background: The owners of Viral Clean (Conner, Denise, Larisa, and Sam) are responsible for different components of the business. Each component has a legal implication. Report that discusses the law...

Answered: 1 week ago

Question

★★★★★

When determining the total cost of a contract a CISO must take into account the cost of the contract and __________. Question 12 options: Travel expenses Financing costs None of the listed choices...

Answered: 1 week ago

Question

★★★★★

1. Describe a creative work that has been subject to censorship or propaganda. This can be any type of work from any of the subject areas: visual arts, performing arts, or literary arts. 2. In what...

Answered: 1 week ago

Question

★★★★★

The beginning balance in raw materials was $10,000 The ending balance in raw materials was $12,000 Purchases for the period were $111,000 How much material was used

Answered: 1 week ago

Question

★★★★★

Compile data on consumption and expenditures for the following categories in 30 different countries: (1) food and beverages, (2) clothing and footwear, (3) housing and home operations, (4) household...

Answered: 1 week ago

Question

★★★★★

On May 8, the Baginski Company received a 90-day, 10 percent P.O. 1d,f note for $7,500, dated May 8, for merchandise sold to the Burr Company. Bag inski endorsed the note in favor of its bank on May...

Answered: 1 week ago

Question

★★★★★

On March 9, the T. L. Reid Company received a 90-day, 8 per cent note for $1,500, dated March 9, from D. Burris, a charge customer, to sat isfy his open account receivable. a. What is the due date of...

Answered: 1 week ago

Question

★★★★★

Prepare entries in general journal form to record the following: May 5 Received a 2-month, 8 percent note from Pam Davis for a $250 per sonal loan. July 5 Received the total amount due from Davis....

Answered: 1 week ago

Previous Question Next Question