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

Question

1 Approved Answer

If you deposit 54.400 today into an account earning an) 12 percent annual rate of return, what will your account be worth in 25 years

image text in transcribed
If you deposit 54.400 today into an account earning an) 12 percent annual rate of return, what will your account be worth in 25 years (awaing no further deposits? In 30 year? Click on the table icon to view the FVF table in 25 years, your account will be worth (Round to the nearest cont)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

The Nft Guide Learn How To Buy Sell Collect And Mint Non Fungible Tokens

The Nft Guide Learn How To Buy Sell Collect And Mint Non Fungible Tokens

Authors: Thomas Jase

1st Edition

More Books

Students also viewed these Finance questions

Question

★★★★★
Inter planar separation consider a plane hkl in a crystal lattice. (a) Prove that the reciprocal lattice vector G = hb1 + kb 3 is perpendicular to this plane. (b) Prove that the distance between two...

Answered: 1 week ago

Question

★★★★★
Cherokee Incorporated is a merchandiser that provided the following information: Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Complete this...

Answered: 1 week ago

Question

★★★★★
2. Now imagine you are contemplating raising your wage to $12 an hr. If you did so, are there any other company policies you might want to change at the same time? How would you expect the...

Answered: 1 week ago

Question

★★★★★
Frederick Manufacturing Corp. ordered 500 dozen units of Import Traders rubber pads for $2,580. The order indicated that the pads should be as soft as possible. Import Traders delivered the rubber...

Answered: 1 week ago

Question

★★★★★
Consider the following elliptic PDE: a u au ax2 + x2 1, x = [0, 1]; y = [0, 1] Dy2 Using finite difference methd with step size h = 0.25 for both X- and y-domains, determine u(x, y) at all nodes of...

Answered: 1 week ago

Question

★★★★★
Williams Performance Company manufactures sports cars. After making a sale, the salesperson sends the car to be detailed before the customer takes it home. Detailing the car takes 30 minutes at a...

Answered: 1 week ago

Question

★★★★★
On December 31, 2016, Robey Company accumulated the following information for 2016 in regard to its defined benefit pension plan: Service cost $95,610 Interest cost on projected benefit obligation...

Answered: 1 week ago

Question

★★★★★
Now that the DFD has been created, it is time to build an object model for our new system. When thinking about SIM's objects, use the entities already identified: the technicians, customers, and...

Answered: 1 week ago

Question

★★★★★
The following is financial information for three companies: (List items that increase cash flow first.) NuVu Ltd. ABC Inc. Akhtar Ltd. Sales revenue $375,000 $573,000 $930,000 Cost of goods sold...

Answered: 1 week ago

Question

★★★★★
Ivanhoe Electric sold $6,480,000, 10%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and paid interest annually on January 1. The bonds were sold at 98. (a) Your answer is...

Answered: 1 week ago

Question

★★★★★
Deena Precision Tools (DPT) makes cutting tools for metalworking operations. It makes two types of tools: RC6, a regular cutting tool, and HP4, a high precision cutting tool. RC6 is manufactured on a...

Answered: 1 week ago

Question

★★★★★
11. Use public choice theory to explain the persistence of farm subsidies in the face of major criticisms of those subsidies. If the special-interest effect is so strong, what factors made it...

Answered: 1 week ago

Question

★★★★★
7. If in a given year the indexes of prices received and paid by farmers were 120 and 165, respectively, what would the parity ratio be? Explain the meaning of that ratio. LO22.3

Answered: 1 week ago

Question

★★★★★
5. Explain and evaluate: Industry complains of the higher taxes it must pay to finance subsidies to agriculture. Yet the trend of agricultural prices has been downward, while industrial prices have...

Answered: 1 week ago

Previous Question Next Question