Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can someone show me how i can do this on a financial calculator or on excel to get the same answer? 24. You need $85,000

can someone show me how i can do this on a financial calculator or on excel to get the same answer?
image text in transcribed
24. You need $85,000 in 10 years. If you can earn 65 percent per month, how much will you have to deposit today? PV = FV/ (1+r) =FV120/(1 +.65%)120 = $39,062.98

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 Management For Nurse Managers Merging The Heart With The Dollar

Authors: J. Michael Leger

5th Edition

1284230937, 9781284230932

More Books

Students also viewed these Finance questions

Question

6 Explain the expectancy theory of motivation.

Answered: 1 week ago