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Celesta Frank wants to go on a cruise in four years. She could earn 8.2 percent compounded quarterly in an account if she were to
Celesta Frank wants to go on a cruise in four years. She could earn 8.2 percent compounded quarterly in an account if she were to deposit the money today. She needs to have $10,000 in four years. How much will she have to deposit today? (Round to the nearest dollar.) $8,150 7,296 $7,212 $6,432 $7,228 If a firm needs funds for capital budgeting purposes, then it would most likely participate in: the stock or bond markets. the money market none of these the treasury bills market Shawn Bowker invested $10,000 in a money market account that will pay 5.75 percent compounded quarterly. How much will the interest on interest be after three years? \begin{tabular}{|l} \hline$1,725.00 \\ \hline$68.63 \\ $575 \\ \hline$59.55 \\ \hline 143.13 \end{tabular} A lottery winner was offered a payment of $31,700 for 30 years. She could invest the cash flows at 4.5 percent. What is the minimum amount she should accept if she were to receive the amount as a lump -sum payment today instead? (Round to the nearest dollar.) $398,225 $516,358$353,756 $491,005 none of these
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