Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 05, 2024

please write the calculation details You are 21 years old today. On the day of your 40th birthday, you wish to have 162694 dinars in

image text in transcribed

please write the calculation details

You are 21 years old today. On the day of your 40th birthday, you wish to have 162694 dinars in your bank account. How much should you invest today if the interest rate is equal to 7% per year? Your answer should be positive with two decimal places. Don't put any currency signs ($ or dinars). Feel free to provide calculation details in the "reasons" box below

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

Intermediate Financial Management

Intermediate Financial Management

Authors: Eugene F Brigham, Phillip R Daves

9th Edition

032431986X, 9780324319866

More Books

Students also viewed these Finance questions

Question

★★★★★

Peer mentoring occurs when a more experienced employee provides one-on-one support and knowledge sharing with a less experienced employee. The Journal of Managerial Issues (Spring 2008) published a...

Answered: 1 week ago

Question

★★★★★

Previous Page Next Page Page 32 of 53 Question 32 (5 points) The relationship between business-level strategies and functional-level strategies is most accurately described as: O functional-level...

Answered: 1 week ago

Question

★★★★★

3. What use would be made of the charts?

Answered: 1 week ago

Question

★★★★★

Examine the Patient Medication Form for the Well meadows Hospital case study shown in Figure 14.18. (a) Identify the functional dependencies represented by the data shown in the form in Figure 14.18....

Answered: 1 week ago

Question

★★★★★

please write the calculation details You are 21 years old today. On the day of your 40th birthday, you wish to have 162694 dinars in your bank account. How much should you invest today if the...

Answered: 1 week ago

Question

★★★★★

Identify the missing information for each neutral isotope. 1. A SeSe atom has a mass number of 7979. Determine the number of neutrons, protons, and electrons in this neutral isotope. number of...

Answered: 1 week ago

Question

★★★★★

Question: Which of the following statements regarding database normalization is correct? A) First Normal Form (1NF) requires that all attributes in a table contain atomic values and that each record...

Answered: 1 week ago

Question

★★★★★

Question: Which of the following statements regarding network security protocols is correct? A) The Secure Socket Layer (SSL) is a protocol that provides secure communication over a computer network...

Answered: 1 week ago

Question

★★★★★

Future value: Your bank pays 5% annual interest compounded semiannually on your savings account. You don't expect to add current balance of $2,700 over the next four years. How much money can you...

Answered: 1 week ago

Question

★★★★★

On January 2, year 1, Parker Co. issued 6% bonds with a face value of $400,000 when the market interest rate was 8%. The bonds are due in ten years, and interest is payable every June 30 and December...

Answered: 1 week ago

Question

★★★★★

34 The following items appear on the balance sheet of a company with a one-year operating cycle, Identity each item as a currently long-term liability, or not a liability Classification 8 02:10 Item...

Answered: 1 week ago

Previous Question Next Question