Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 04, 2024

Question 8 1 pts Sam wants to have $160,000 in four years from now. She found an investment, earning 6% per year, compounded monthly How

Question 8 1 pts Sam wants to have $160,000 in four years from now. She found an investment, earning 6% per year, compounded monthly How much would she have to invest today to achieve her goal? $120,890 O $141,678 $133,807 $149,549 O $125,936

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

Mergers, Acquisitions and Other Restructuring Activities

Authors: Donald DePamphilis

8th edition

9780128024539, 128013907, 978-0128013908

More Books

Students also viewed these Finance questions

Question

6. List four new developments in DSS, other than user interface developments.

Answered: 1 week ago

Question

★★★★★

A home owner with a large library needs to estimate the purchase cost and replacement value of the book collection for insurance purposes. She has 44 shelves containing books, and selects 12 shelves...

Answered: 1 week ago

Question

★★★★★

Question 8 1 pts Sam wants to have $160,000 in four years from now. She found an investment, earning 6% per year, compounded monthly How much would she have to invest today to achieve her goal?...

Answered: 1 week ago

Question

★★★★★

2) Sam pays $50,000 for a machine Sam also paid an actional $6,000 related to the installation, taxes, and transportation for this asset Alter making the purchase, Sam replaces the motor at a cost of...

Answered: 1 week ago

Question

★★★★★

Consider a system of triple thin lenses f1, f2, 3[cm] system, where two are converging lenses and the other is diverging. When we combine all three lenses, we have d = 7 cm and d; = 9 cm to form a...

Answered: 1 week ago

Question

★★★★★

While conducting a craniometric ancestry estimation using Fordisc, you notice that the smallest sample size for the groups under consideration is 51. Based on the guidelines discussed above, what is...

Answered: 1 week ago

Question

★★★★★

Discuss the transformation of energy starting from when the plunger is compressed towhen the cart travels down the track.

Answered: 1 week ago

Question

★★★★★

Supposed a company Green Star provides on following production scenario for 06 months of the production Months Units Products Total cost production January 3000 R 65 000 February 2700 R 27 000 March...

Answered: 1 week ago

Question

★★★★★

Consider the following equations of motion. v = V + at Ax = vot + 11 at 2 2 v = vo + 2aAx (a) Can the equations above be used in a situation where the acceleration varies with time? O Yes No (b) Can...

Answered: 1 week ago

Previous Question Next Question