Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 21, 2024

Ruth invested $137,000 in an investment that promises to pay 4% compounded annually. How much will Ruth's investment be worth in 35 years? $33,219,115,83 $34,717.92

Ruth invested $137,000 in an investment that promises to pay 4% compounded annually. How much will Ruth's investment be worth in 35 years? $33,219,115,83 $34,717.92 $2,133,311.71 $540,614.19

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

Emotions In Finance Booms Busts And Uncertainty

Authors: Jocelyn Pixley

2nd Edition

1107633370, 978-1107633377

More Books

Students also viewed these Finance questions

Question

★★★★★

To help middleincome students finance the cost of their university educations, the Student Loan Authority guarantees student loans made by private banks. By guaranteeing the loans, the agency enables...

Answered: 1 week ago

Question

★★★★★

What are your purpose and goals of networking (think in terms of giving, not taking)?

Answered: 1 week ago

Question

★★★★★

How does the organizational structure of an MNC influence its strategy implementation?

Answered: 1 week ago

Question

★★★★★

In 2011, Tata became the first Indian brand to be named in the top 50 global brands in Brand Finances 2011 Global 500 report, which assigned the Tata brand a value of $15.8 billion. What approaches...

Answered: 1 week ago

Question

★★★★★

Ruth invested $137,000 in an investment that promises to pay 4% compounded annually. How much will Ruth's investment be worth in 35 years? $33,219,115,83 $34,717.92 $2,133,311.71 $540,614.19

Answered: 1 week ago

Question

★★★★★

Question 25 Which of the following statements is true? O The FIFO assumption is more in line with the matching principle. O In inflationary times, the LIFO assumption is associated with a higher...

Answered: 1 week ago

Question

★★★★★

A Scrum Master is frustrated that her team finds no value during Iteration retrospectives, and the team has asked that she cancel all future ones. Which two specific anti-patterns are most likely...

Answered: 1 week ago

Question

★★★★★

Your leader asks you to help unload and organize merchandise from a large truck shipment before your break. While you are working on it, you overhear two team members struggling to organize the...

Answered: 1 week ago

Question

★★★★★

Marcus is scared that he will not find a job in the current economy. He decides to become a lawyer and attends one of the top law schools in the country. Upon graduation, he is hired by a top law...

Answered: 1 week ago

Question

★★★★★

3. The records of Everyday Electronics Corporation for a particular period include the following: Average total assets $760,000 Average total liabilities 485,000 Total revenue 200,500 Total expenses...

Answered: 1 week ago

Question

★★★★★

Strategic planning answers the question "__________" explain it briefly and answer it A. How much money do we have? B. Who are we competing with? C. Where are we going? D. How many people do we need?

Answered: 1 week ago

Question

★★★★★

3. Share these with someone that is close to you and ask how close your reflections are to their perception of you.

Answered: 1 week ago

Question

★★★★★

What were your most important educational experiences?

Answered: 1 week ago

Question

★★★★★

Which personal relationships influenced you the most?

Answered: 1 week ago

Previous Question Next Question