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

Question

1 Approved Answer

If you want to have $ 9 , 2 5 0 . 0 0 in 6 years and 3 months, how much should you deposit

If you want to have $9,250.00 in 6 years and 3 months, how much should you deposit today in an investment fund that is earning interest at a rate of 3.02% compounded quarterly?

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

Foundations In Personal Finance

Foundations In Personal Finance

Authors: Dave Ramsey

College Edition

1936948001, 978-1936948000

More Books

Students also viewed these Finance questions

Question

★★★★★
Suppose a publishing company wants to hire an intern to help the company catch up with its paperwork over the summer. Who would be affected by this decision? What would be the benefits or harm to...

Answered: 1 week ago

Question

★★★★★
Where is the position?

Answered: 1 week ago

Question

★★★★★
During Bricker Company's first year of operations, credit sales totaled $200,000 and collections on credit sales totaled $145,000. Bricker estimates that $1,000 of its ending accounts receivable...

Answered: 1 week ago

Question

★★★★★
Calculations: All the calculation are based on the 2 0 1 9 forecast target of units to be sold for Product A , B , and C . 1 ) Calculate Projected Units to be Sold for each Product F 9 :F 1 1 using...

Answered: 1 week ago

Question

★★★★★
As at 30 June 2019, the unadjusted trial balance of Green Ltd was noted as follows: Green Ltd TRIAL BALANCE AS AT 30 JUNE 2019 Accounts Debit ($) Credit ($) Cash at bank 8 985 Account receivables 31...

Answered: 1 week ago

Question

★★★★★
1. Ralph Abernathy owns a small coffee shop. He wants to know the average number of customers queuing (lining up) in his coffee shop, to decide whether he needs to add more space to accommodate more...

Answered: 1 week ago

Question

★★★★★
provide a brief outline of how diversity policy needs to apply to your place of work/type of business

Answered: 1 week ago

Question

★★★★★
United States dollar strengthen and weakening: Present current valuation (U.S. Dollar versus the two countries' currency) and effect on corporate profits for China vs Indonesia

Answered: 1 week ago

Question

★★★★★
. What is meant by the term cash flow? For the table below determine the yearly cash flows and the total cash flow. If a discounting rate of 8% is used what is the Net Present Value? Year 0 1 2 3 4 5...

Answered: 1 week ago

Question

★★★★★
Give two additional competencies that will be required for future project management efforts

Answered: 1 week ago

Question

★★★★★
Why is repatriation orientation and training needed?

Answered: 1 week ago

Question

★★★★★
What has been the status of expatriate compensation in recent years?

Answered: 1 week ago

Question

★★★★★
Define the following terms: a. exporting b. licensing c. franchising d. multinational corporation e. global corporations

Answered: 1 week ago

Previous Question Next Question