Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 18, 2024

How much must be deposited today into the following account in order to have a $ 1 4 5 , 0 0 0 college fund

How much must be deposited today into the following account in order to have a $

145, 000

college fund in

12

years

?

Assume no additional deposits are made.

An account with monthly compounding and an APR of

4.2 %

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

Investments

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

9th Edition

73530700, 978-0073530703

More Books

Students also viewed these Finance questions

Question

Assume the classical linear regression model of y = X + where errors vector has mean 0 and a covariance of 2I, and formula for the Ridge regression estimator given as = (X>X + I)1X>y (a) Derive the...

Answered: 1 week ago

Question

★★★★★

DateTransactionNumber of UnitsPer UnitTotal Jan 1Inventory2,500$6000$150,000 10Puchase7,5006800510,000 28Sale3,75012000450,000 30Sale1,25012000150,000 Feb 5Sale500$12000$60,000...

Answered: 1 week ago

Question

★★★★★

-A Currency Call Option: a. provides the right to buy a specific currency at exercise price. b. It is used to hedge future payables. c. Can be purchased on an exchange. d. A and B e. A and C f. All...

Answered: 1 week ago

Question

★★★★★

On October 1, 2017, Sharp Company (based in Denver, Colorado) entered into a forward contract to sell 100,000 rubles in four months (on January 31, 2018) and receive $39,000 in U.S. dollars. Exchange...

Answered: 1 week ago

Question

★★★★★

What is financial leverage? What causes it? How is the degree of financial leverage (DFL) measured?

Answered: 1 week ago

Question

★★★★★

35. If A = A' and A n = A n+2m-1 , where m and n are any positive integers, show that A is symmetric idempotent.

Answered: 1 week ago

Question

★★★★★

How does an applicant apply?

Answered: 1 week ago

Question

★★★★★

A researcher plans to conduct an experiment evaluating the effect of a treatment. A sample of n = 9 participants is selected and each person receives the treatment before being tested on a...

Answered: 1 week ago

Question

★★★★★

I need programing this in C. Thank you for the help! Yaur tsk In this assignment, you will write a program that allows the user to simulate falling dominoes Your program should start by allowing the...

Answered: 1 week ago

Question

★★★★★

For this discussion, assume the role of an investor. How would you know whether the company you are considering to invest in has repurchased any of its own stock and/or issued stock dividends during...

Answered: 1 week ago

Question

★★★★★

Which statement would be considered metacommunication? Question 8 options: "Please arrive at 9 a.m." "I appreciate your effort." "Free coffee is available in the lounge." "We encourage employees to...

Answered: 1 week ago

Question

★★★★★

M F M b h = A steel beam with a rectangular cross-sectional area has a height h 32 mm and breadth b = 16 mm. It has a through thickness crack of length a = 4 mm as shown in the figure. The fracture...

Answered: 1 week ago

Question

★★★★★

Determine the values of the variable for which the expression is defined as a real number. (Enter your answer using interval notation.) x-2x-35 Need Help? Read It 40. [-/1 Points] DETAILS SPRECALC7...

Answered: 1 week ago

Question

★★★★★

Provide 3 decimals for the final answer. Please show step by step solution. 6. Calculate the MA and output force of the brake pedal lever in the diagram. MASTER CYLINDER FULCRUM 3IN. Output Force = ?...

Answered: 1 week ago

Question

★★★★★

Support A is a pin. Support B is a roller. Each support can support a maximum of 9kN. Determine which support will fail first and at what value of w does this occur. HINT, create relationships of w...

Answered: 1 week ago

Question

★★★★★

alculate the price earnings ratio, PEG ratio, dividend rate, and dividend payout ratio for each of the Ilowing companies. Will each ratio consistently rank the companies from "best" to "worst"...

Answered: 1 week ago

Question

★★★★★

For each of the following transactions, indicate whether it increases, decreases, or has no effect on the following financial ratios: current ratio, debt-to-equity ratio, profit margin ratio, and...

Answered: 1 week ago

Question

★★★★★

Explain the distinction between social categorization and prejudice.

Answered: 1 week ago

Question

★★★★★

Do you think that there is a distinction between preference and prejudice? Explain why or why not.

Answered: 1 week ago

Question

★★★★★

Describe the methodological difference between forced choice and continuous measures of prejudice and provide an example of each.

Answered: 1 week ago

Previous Question Next Question