Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 10, 2024

If you desire to have $100,000 in savings seven years from now, what amount would you need to deposit in an account earning 8%? 58,349

If you desire to have $100,000 in savings seven years from now, what amount would you need to deposit in an account earning 8%? 58,349 14286 44.000 None of the above

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

Introductory Econometrics For Finance

Authors: Chris Brooks

3rd Edition

1107661455, 9781107661455

More Books

Students also viewed these Finance questions

Question

★★★★★

Farm Fresh manufactures a variety of animal food products from alfalfa pellets. The firm has determined that its EOQ is 80,000 pounds of pellets. Based on the EOQ, the firms annual ordering cost for...

Answered: 1 week ago

Question

★★★★★

Given an n-element unsorted array A of n integers and an integer k, describe a recursive algorithm for rearranging the elements in A so that all elements less than or equal to k come before any...

Answered: 1 week ago

Question

★★★★★

What could Jean do to break the Facebook habit?

Answered: 1 week ago

Question

★★★★★

1. Does Waterways current compensation system seem to fit the companys strategy of aggressive growth and product innovation? How might it be changed to achieve a better fit? 2. Specifically, how...

Answered: 1 week ago

Question

★★★★★

1. a) A German sports car is selling for 70,000 euros. What is the dollar price in the United States for the German car if the exchange rate is 0.90 euro per dollar? b) If the British pound...

Answered: 1 week ago

Question

★★★★★

Write the first five terms of the series . Is this series arithmetic, geometric, or neither? . What is the 12th partial sum of the series (S12)

Answered: 1 week ago

Question

★★★★★

3. (10 points) Find the length of the part of the curve 2 R(t) = t + + 1 t F between the origin and the point (1, 2/2, 1/3).

Answered: 1 week ago

Question

★★★★★

0 Skills and Applications Writing an Exponential Equation In Exercises 7-10, write the logarithmic equation in exponential form. For example, the exponential form of log, 25 = 2 is 5 = 25. 7. log4 16...

Answered: 1 week ago

Question

★★★★★

In 6-8 find the velocity v(t) and position s(t) at time t> 0 of a material particle that moves without friction along a straight line, when its acceleration, initial position, and initial velocity...

Answered: 1 week ago

Question

★★★★★

A die is rolled and value is recorded. The table shows the results of 20 rolls. 1 5 5 2 5 1 5 65 2 LQ 5 LO 5 2462 6 33 5 2 2 (a) Complete the probability distribution table. X P(X) 1

Answered: 1 week ago

Question

★★★★★

Uncle Cosmo plans to build a factory. It will cost $ 1 , 0 0 0 , 0 0 0 . He expects the after - tax cash inflows to be $ 2 3 0 , 0 0 0 annually for 6 years, after which he plans to scrap the...

Answered: 1 week ago

Question

★★★★★

What are the components that combine to make up the present diverse workforce? Briefly describe each. Briefly describe the following laws: a. Civil Rights Act of 1866 b. Equal Pay Act of 1963 c....

Answered: 1 week ago

Question

★★★★★

Briefly discuss who is responsible for ensuring equal employment opportunity.

Answered: 1 week ago

Question

★★★★★

Define the types of illegal employment discrimination and discuss affirmative action.

Answered: 1 week ago

Previous Question Next Question