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

Question

1 Approved Answer

Question 7 1 pts If you deposit $2,785 in an account that pays 12% interest, how much money would you have in 28 years? 6.274.56

image text in transcribed
Question 7 1 pts If you deposit $2,785 in an account that pays 12% interest, how much money would you have in 28 years? 6.274.56 24.995.12 66,516.57 41,747.76 Question 8 1 pts What is the present value today of $75,000 you would receive 6 years from now if the interest rate is 4%? 87,638.37 43.77346 59,273 59 23,798 84

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

Take The Trade A Floor Trade

Take The Trade A Floor Trade

Authors: Tony Wilson

1st Edition

979-8218195458

More Books

Students also viewed these Finance questions

Question

The couple has done relatively little advertising, instead they give away samples in person at trade shows, cooking demonstrations, and in grocery stores.

Answered: 1 week ago

Question

★★★★★
Judy Olsen, Kristy Johnston, and their mother, Joyce Johnston, owned seventy- eight acres of real property on Eagle Creek in Meagher County, Montana. When Joyce died, she left her interest in the...

Answered: 1 week ago

Question

★★★★★
Question 7 1 pts If you deposit $2,785 in an account that pays 12% interest, how much money would you have in 28 years? 6.274.56 24.995.12 66,516.57 41,747.76 Question 8 1 pts What is the present...

Answered: 1 week ago

Question

★★★★★
Data relating to Randall Lidi's single product are as follows: Selling price Direct materials Direct labour Overhead (60% fixed) Gross Profit $5.35 0.83 0.81 1.04 $2.67 The company currently produces...

Answered: 1 week ago

Question

★★★★★
The hydraulic cylinder CF, which partially controls the position of rod DE, has been locked in the position shown. Member BD is 15 mm thick and is connected at C to the vertical rod by a...

Answered: 1 week ago

Question

★★★★★
Help! At May 31, 2022, the accounts of Oriole Company show the following. 1. May 1 inventories-finished goods $13,830, work in process $16,110, and raw materials $8,960. 2. May 31...

Answered: 1 week ago

Question

★★★★★
Wall Inc. forecasts that it will have the free cash flows (in millions) shown below. If the weighted average cost of capital is 14% and the free cash flows are expected to continue growing at the...

Answered: 1 week ago

Question

★★★★★
At January 1, 2024, Caf Med leased restaurant equipment from Crescent Corporation under a nine-year lease agreement. The lease agreement specifies annual payments of $27,000 beginning January 1,...

Answered: 1 week ago

Question

★★★★★
Besides being intelligible, another reason to fluctuate your volume during your speech is _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ . Group of answer choices so audience members in the back can hear...

Answered: 1 week ago

Question

★★★★★
=+3. How does an agenda help make a meeting more successful? [LO-3]

Answered: 1 week ago

Question

★★★★★
=+6. Explain the importance of business etiquette and identify three key areas in which good etiquette is essential

Answered: 1 week ago

Question

★★★★★
=+1. What are five characteristics of effective teams? [LO-1]

Answered: 1 week ago

Previous Question Next Question