FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How much money do you need to invest today in order to have $5,000 in 4 years, if you can earn annual rate of return

How much money do you need to invest today in order to have $5,000 in 4 years, if you can earn annual rate of return of 10%?

A $1,077

b

$3,415

c

$7,321

d

$4,132

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

14. Which of the following are different approaches to calculating R2 type statistics for logistic regression: a) Wald test b) Nagelkerke c) d) Cox and Snell d) d) Both b) and c) above

Answered: 1 week ago

Question

★★★★★
Sam owns a small apartment building (this is the only rental building Sam owns). During the year Sam incurs the following expenditures: Item Amount Replace roof and roof underlying structure because...

Answered: 1 week ago

Question

★★★★★
Alaskan Markets has a target capital structure of 50 percent debt and 50 percent equity. The the tax rate is 40 percent, and the cost of equity is 10 percent. If the WACC is 8 percent, find the...

Answered: 1 week ago

Question

★★★★★
A company reported interest expense of $500,000 for the year. Interest payable was $34,000 and $74,000 at the beginning and the end of the year, respectively. What was the amount of interest paid

Answered: 1 week ago

Question

★★★★★
Case 2: Maria Sosa is selling a 2015 Nissan Verson SV to Juan Rodriguez for RD$400,000.00 pesos. Juan Rodriguez tells her that he will pay Mrs. Sosa in cash. Analyze the case and then answer: Can Mr....

Answered: 1 week ago

Question

★★★★★
It is estimated that 28% of all adults in the United States invest in stocks and that 83% of U.S. adults have investments in fixed income instruments (savings accounts, bonds, etc.). It is also...

Answered: 1 week ago

Question

★★★★★
Stillwater Stationery has two business segments, the Paper Segment and the Writing Implement Segment. The contribution margin for the Paper Segment is $98,000 and the contribution margin for the...

Answered: 1 week ago

Question

★★★★★
Answer these questions for an upvote! In "Are prison diets punitive? A report from behind bars" Lupa Grant and Zahara Green describe prison diets as a public health problem. For this your initial...

Answered: 1 week ago

Question

★★★★★
How do you say "At 9:45" in Spanish? a.) A las diez menos cuarto. b.) Es las diez cuarenta y cinco. c.) A las nueve y quince. d.) Son las nueve y cuarto

Answered: 1 week ago

Previous Question Next Question