How much would you have to invest today at 4 5 percent in order to have $ 2 2 , 0 0 0 in 5 years $ 1 8 , 0 5 5 $ 2 0 , 9 0 0 $ 1 6 , 7 5 0 $ 1 9 , 3 0 5

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 25, 2024

How much would you have to invest today at 4 . 5 percent in order to have $ 2 2 , 0 0 0 in

How much would you have to invest today at

4.5

percent in order to have $

22, 000

5

years? $

18, 055

20, 900

16, 750

19, 305

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

M: Finance

Authors: Marcia Cornett, Troy Adair, John Nofsinger

5th Edition

1260772357, 9781260772357

More Books

Students also viewed these Finance questions

Question

★★★★★

What is credit card fraud? Briefly describe the three types of credit card fraud presented in the chapter.

Answered: 1 week ago

Question

★★★★★

Georgina is about to retire with $188,000 in her RRSP. She will make no further contributions to the plan, but will allow it to accumulate earnings for another five years. Then she will purchase an...

Answered: 1 week ago

Question

★★★★★

=+Locate and interpret the trend coefficient.

Answered: 1 week ago

Question

★★★★★

You have been shopping for a new home. You have a choice of financing. You can choose either a $200,000 mortgage at 4.75 percent for 30 years, or a $200,000 mortgage at 3.5 percent for 15 years. a....

Answered: 1 week ago

Question

★★★★★

Weekly Pay Write a program WeeklyPay.c that computes the weekly earned income of hourly workers. The program should ask the user to enter the hourly pay rate and the number of hours worked. It should...

Answered: 1 week ago

Question

★★★★★

A $59,000 machine with a 7-year class life was purchased 2 years ago. The machine will now be sold for $50,000 and replaced with a new machine costing $92,000, with a 10- year class life. The new...

Answered: 1 week ago

Question

★★★★★

Twenty movies were released over a particular summer and their MPAA ratings (G, PG, PG-13, R) are given in the table below. G G G PG PG PG G G G G PG G G PG PG13 PG G R PG13 G a) Complete the...

Answered: 1 week ago

Question

★★★★★

Joaquin goes for a job interview and is surprised that the interviewer asks him about his personal standards regarding how he would handle certain situations. He expected that the focus would be on...

Answered: 1 week ago

Question

★★★★★

1. A particle moves with amplitude A and period T, as shown in the figure. Express the following in terms of A and T and numerical constants (if necessary). (3 marks) M T A a. The time at which the...

Answered: 1 week ago

Question

★★★★★

Using this ER-Diagram, write an SQL Statement using CONSTRAINTS command and show atleast 1 data of the database. Write down below the SQL Statements and commands that was used. PDiagnosis PAddress...

Answered: 1 week ago

Question

★★★★★

1. (a)(i) What problem has been brought about by uncontrolled mining of minerals in Kenya? (ii) Where is fluorspar mined in Kenya? (iii) Describe how trona is mined and processed in Magadi (b) (i)...

Answered: 1 week ago

Question

★★★★★

Explain how a need for rationalization and standardization over foreign operations varies with the business strategy and distinctive competencies of an MNC.

Answered: 1 week ago

Question

★★★★★

Describe the difference between strategic international human resource management (SIHRM) and international human resource management (IHRM)

Answered: 1 week ago

Question

★★★★★

Explain how developments in global capitalism affect corporate and human resources strategies within multinational corporations

Answered: 1 week ago

Previous Question Next Question