FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Madonna Volin is wondering how much their home equity will be worth in 23 years and currently has an amount of $146,720.00. Given an interest

  1. Madonna Volin is wondering how much their home equity will be worth in 23 years and currently has an amount of $146,720.00. Given an interest rate of 3.00% compounded tri-annually, how much will they have in 23 years?

    a. $158,350.65

    b. $291,517.15

    c. $160,324.91

    d. $289,564.61

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_2

Step: 3

blur-text-image_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

Warren Buffetts Ground Rules Words Of Wisdom From The Partnership Letters Of The Worlds Greatest Investor
Warren Buffetts Ground Rules Words Of Wisdom From The Partnership Letters Of The Worlds Greatest Investor

Authors: Jeremy C. Miller

1st Edition

0062415565,0062415573

More Books

Students explore these related Finance questions

Question

What roles do collaboration and trust play in the practice of supply chain management?

Answered: 3 weeks ago

Question

Explain how a credit default swap works

Answered: 3 weeks ago

Question

What has this taught you about yourself?

Answered: 3 weeks ago

Question

In an advertisement for a Professional Employment Organization it was stated Outsourcing can be a cost effective alternative to the expense and administrative burden of a traditional...

Answered: 3 weeks ago

Question

#include using namespace std; class ticTacToe { public: ticTacToe(); void setBoard(); void printBoard(); bool determineWinner(); void moves(); bool validateMove(); void play(); private: char...

Answered: 3 weeks ago

Question

Derrick Iverson is a divisional manager for Holston Company. His annual pay raises are largely determined by his division's return on investment (ROI), which has been above 20% each of the last three...

Answered: 3 weeks ago

Question

Your firm-has A/P with credit terms of 1/15, net 30. What is the annualized cost of skipping the discount on day 15 and paying the full invoice amount on day 30? 24.6% 37.2% 18.6% 8.1%

Answered: 3 weeks ago

Question

total monthly production costs are 10,000 on a lot of 250 units. you sell each unit for $150. If all 250 units sell each month, how would you calculate your annual profit

Answered: 3 weeks ago

Question

One way to determine the trend of a data set is to find ______________________. Question 36 options: a) percentage of non-overlapping data b) the split middle line of progress c) percentage of...

Answered: 3 weeks ago

Question

The annual salaries for 5 randomly selected people: Diana: $154,500 Clark: $76,000 Lois: $119,350 Bruce: $2,350,000,000 Barry: $68,000 Which would be the best measure of central tendency for this...

Answered: 3 weeks ago

Question

Your clients expect a 10% return on investment for podcast and a 15% ROI for TV ads. How would you calculate the expected profit for a client who invests $5500 on a podcast ad and $10,000 for a TV ad

Answered: 3 weeks ago

Question

Agree a review date to discuss progress.

Answered: 3 weeks ago

Question

Agree how they will take the feedback further with their team or colleagues. We should suggest the guiding rules:

Answered: 3 weeks ago

Question

Does the numerical analysis add value for the individual?

Answered: 3 weeks ago

Previous Question Next Question