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

Question

1 Approved Answer

Suppose that your brother wants to have $125000 to buy video equipment in four years. If he can invest his money now at 11.5% compounded

image text in transcribed

image text in transcribed
Suppose that your brother wants to have $125000 to buy video equipment in four years. If he can invest his money now at 11.5% compounded continuously. then how much must he invest today? Round your answer to the nearest dollar. Do not use a dollar sign or a comma

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_2

Step: 3

blur-text-image_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

The Spectrum Of Hyperbolic Surfaces

The Spectrum Of Hyperbolic Surfaces

Authors: Nicolas Bergeron

1st Edition

3319276662, 9783319276663

More Books

Students also viewed these Mathematics questions

Question

★★★★★
In calculating the external rate of return by the modified rate of return approach, it is necessary to use two different rates of return, the investment rate ii and the borrowing rate ib. When is...

Answered: 1 week ago

Question

★★★★★
Search the Web for examples of how organizations have treated their data as an asset and the benefits they have achieved through this approach.

Answered: 1 week ago

Question

★★★★★
Describe several strategies for relieving stress.

Answered: 1 week ago

Question

★★★★★
Identify the types of likely conflicts during the project buildup, main program, and phase-out stages.

Answered: 1 week ago

Question

★★★★★
Product Cost Method of Product Costing Voice Com, inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 4,510 cell phones are as...

Answered: 1 week ago

Question

★★★★★
Adding a game room to Hopedale Lodge is expected to increase the lodges sales revenues by $100,000 annually, increase its cash expenses by $45,000 annually, and increase its depreciation by $30,000...

Answered: 1 week ago

Question

★★★★★
Explain how the communication tone, structure and style may impact on others. Provide an example of each. Question Explain how the communication tone, structure and style may impact on others. (40-80...

Answered: 1 week ago

Question

★★★★★
1-2: The test data of a pressure sensor is shown in the following table, calculate the nonlinear error, hysteresis and repeatability error. Output value/mV Pressure First cycle Second cycle Third...

Answered: 1 week ago

Question

★★★★★
Breach of Human Rights? L.B Hospitality Hotel offers customers free toiletries, coffee and snack basket for each night clients stay at their hotel. These items are left in each room by the...

Answered: 1 week ago

Question

★★★★★
A water storage tank has a cylindrical shape. The diameter of the base of the tank is 0.568 m. The height of the tank is 0.855 m. This is shown in the following diagram. -0.568 m 0.855 m (a) Write...

Answered: 1 week ago

Question

★★★★★
A company is studying the effectiveness of their text message advertisements by counting the number of visits to their website that originate from a link in one of the texts. The function A(r) gives...

Answered: 1 week ago

Question

★★★★★
Jacques is part of a group that is not experiencing conflict, and he is very proud of that. What might be an issue with his group? Group of answer choices Either a groupthink or a meetingthink...

Answered: 1 week ago

Question

★★★★★
1. This chapter is designed to give the reader an understanding of how the way a problem is framed is crucial for how it is perceived, both by the recipient of a message and the person who wants to...

Answered: 1 week ago

Question

★★★★★
5. How is communication affected by how we demarcate the boundaries of a problem?

Answered: 1 week ago

Question

★★★★★
7. How does the framing of a situation affect the situation regarding communica-tion?

Answered: 1 week ago

Previous Question Next Question