Flounder requires $234000 in four years to purchase a new home. What amount must be invested today in an investment that earns 7% interest, compounded annually?<\/p>
<\/p>
<\/p>
<\/p>
<\/p>
<\/p>
$306726.<\/p>
<\/p>
<\/p>
$27296.<\/p>
<\/p>
<\/p>
$178519.<\/p>
<\/p>
<\/p>
$185417.<\/p>", "transcribed_text": "", "related_book": { "title": "Business Mathematics In Canada", "isbn": "978-0071091411, 71091416, 978-0070009899", "edition": "7th edition", "authors": "Ernest Jerome", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/711.jpg", "uri": "\/textbooks\/business-mathematics-in-canada-7th-edition-711", "see_more_uri": "\/textbooks\/business-trading-3391" }, "free_related_book": { "isbn": "0143429043", "uri": "\/textbooks\/half-lion-paperback-1st-edition-978-0143429043-287200", "name": "Half Lion Paperback", "edition": "1st Edition" }, "question_posted": "2024-06-28 07:29:57", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/how-were-you-your-family-or-your-friendsaffected-by-the", "description": "How were you, your family or your friendsaffected by the recent failure of the financial system to function normally during the financial crisis of 2007-2009?", "stars": 3 }, { "url": "\/study-help\/business-statistics-in-practice\/42-monthly-gas-prices-we-have-seen-that-gas-prices-1982050", "description": "=+42. Monthly gas prices. We have seen that gas prices can fluctuate. But during some periods they have moved consistently. Here are the data extracted for one week of each month from January 2002 to...", "stars": 3 }, { "url": "\/amy-and-lester-are-partners-in-operating-a-store-without", "description": "Amy and Lester are partners in operating a store. Without consulting Amy, Lester enters into a contract to purchase merchandise for the store. Amy contends that she did not authorize the order and...", "stars": 3 }, { "url": "\/study-help\/questions\/comprehensive-problem-1-the-following-information-applies-to-the-questions-9871012", "description": "Comprehensive Problem 1 [The following information applies to the questions displayed below.] On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals....", "stars": 3 }, { "url": "\/study-help\/questions\/what-would-you-pay-for-an-investment-that-pays-you-3351299", "description": "What would you pay for an investment that pays you $34000at the beginning of each year for the next ten years? Assume that the relevant interest rate for this type of investment is11%. $211024....", "stars": 3 }, { "url": "\/study-help\/questions\/510-definitions-for-a-multicomponent-flash-are-as-follows-x-830970", "description": "510. Definitions for a multicomponent flash are as follows: x, yi liquid and vapor mole fractions, respectively = feed mole fraction Zj K =y\/x-equilibrium constant L,V, F liquid, vapor, and feed...", "stars": 3 }, { "url": "\/study-help\/questions\/suppose-the-ashland-shakespeare-festival-is-hiring-a-new-music-1008261", "description": "Suppose the Ashland Shakespeare Festival is hiring a new music director. The group gives all applicants for the position three tests: (1) a work-sample test, in which each applicant is asked to score...", "stars": 3 }, { "url": "\/study-help\/questions\/student-question-everyone-knows-how-high-the-cost-of-prescription-1005494", "description": "student question Everyone knows how high the cost of prescription medicines is these days, and many Americans dislike having to pay significantly more than Canadians or Europeans do for the very same...", "stars": 3 }, { "url": "\/study-help\/questions\/what-is-your-organizations-commitment-to-diversity-is-there-a-1005945", "description": "What is your organization's commitment to diversity? Is there a DE & I statement or mission statement?", "stars": 3 }, { "url": "\/study-help\/questions\/joseph-hoffman-alleged-that-red-owl-stores-promised-him-that-1006081", "description": "Joseph Hoffman alleged that Red Owl stores promised him that it would build a store building in Chilton, Wisconsin and stock it with merchandise for Hoffman to operate in return for Hoffman's...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/strategic-leadership-using-resources-from-course-readings-and-the-internet-4263586", "next": "\/study-help\/questions\/please-use-sheet-8-please-use-the-link-below-to-4263588" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "Flounder requires $234000 in four years to purchase a new home. What", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/flounder-requires-234000-in-four-years-to-purchase-a-new-4263587" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }": "1" } }