Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 06, 2024

Please answer all parts and shopw work thank you so much 1. What is the future value of $30,000 saved at = 8.5%, compounded annually

Please answer all parts and shopw work thank you so much

1. What is the future value of $30,000 saved at = 8.5%, compounded annually in 1 year?

2. What is the future value of $20,000 saved at = 8.5%, compounded annually in 2 years?

3. What is the future value of $40,000 saved at = 8.5%, compounded semi-annually in 2 years?

4. What is the future value of $15,000 saved at = 8.45%, compounded quarterly in 2 years?

5. Suppose you save $19,000 per year in an ordinary annuity promising you an interest rate of = 5.625% compounded once per year. How much will you have after 35 years?

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

Regulation A+ And Other Alternatives To A Traditional IPO Financing Your Growth Business Following The JOBS Act

Authors: David N. Feldman

1st Edition

1119416159,1119416124

More Books

Students also viewed these Finance questions

Question

★★★★★

Consider a sequence x[n] and irs discrete-time Fourier transform X(e j ). The following is known: x[n] is real and causal, Re{X(e j )} = 5/4 cos. Determine a sequence x[n] consistent with the given...

Answered: 1 week ago

Question

★★★★★

1. You will complete a short, anonymous survey via the Internet that will require approximately 5 minutes of your time and will be returned to me via Survey Monkey, an online data collection service.

Answered: 1 week ago

Question

★★★★★

General guideline, transfer pricing The Slate Company manufactures and sells television sets. Its assembly division (AD) buys television screens from the screen division (SD) and assembles the TV...

Answered: 1 week ago

Question

★★★★★

4. Use the table for the question(s) below. Consider a project with the following cash flows: Year Cash Flow 0 -10,000 1 4,000 2 4,000 3 4,000 4 4,000 1) The payback period for this project is...

Answered: 1 week ago

Question

★★★★★

Significance of Links This is the JSON response to a GET request from an API. { " id " : 1 , "name": "John Doe", " - links": { "self": "href": " https: / / example . com / api / users / 1 " } ,...

Answered: 1 week ago

Question

★★★★★

A 9-digit phone number cannot start with 0. Assume that there are no restrictions on the remaining 8 numbers. How many telephone numbers are possible in which all 9 digits are different? The possible...

Answered: 1 week ago

Question

★★★★★

Question The following data set represents the amount spent, in billions of dollars, each year on national defense by the U.S. government over the course of a 16-year period. Find the five-number...

Answered: 1 week ago

Question

★★★★★

The graph illustrates the supply and demand for blue jeans. If the actual price of blue jeans is $ 3 0 , we would expect the price of blue jeans to _ _ _ _ _ _ _ _ , the quantity demanded of blue...

Answered: 1 week ago

Question

★★★★★

After collecting an arterial sample, it is necessary to remove any air bubbles from the syringe because... After collecting an arterial sample, it is necessary to remove any air bubbles from the...

Answered: 1 week ago

Question

★★★★★

Case #2 Picking the Best Lottery Payoff Option Congratulations! You have won the $ 1 million lottery grand prize. You have been presented with several payout alternatives, and you have to decide...

Answered: 1 week ago

Previous Question Next Question