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

Question

1 Approved Answer

Suppose you need to have $59,523.00 in an account 15.00 years from today and that the account pays 12.00%. How much do you have to

image text in transcribed

Suppose you need to have $59,523.00 in an account 15.00 years from today and that the account pays 12.00%. How much do you have to deposit into the account 11.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places. Suppose you deposit $1,001.00 into an account 7.00 years from today that earns 11.00%. It will be worth $1,793.00 years from today. Submit Answer format: Number: Round to: 2 decimal places

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

Personal Finance

Personal Finance

Authors: Jack R Kapoor, Glencoe McGraw Hill, Les R Dlabay, Robert J Hughes

1st Edition

0078698006, 9780078698002

More Books

Students also viewed these Finance questions

Question

★★★★★
Observer A sees two events at the same place (x = y = z = 0) and separated in time by t = 10-6 s. A second observer B sees them to be separated by t = 2 x 10-6s. What is the separation in space of...

Answered: 1 week ago

Question

★★★★★
Repeat Question 13 if the retirement benefit is 60% of the average of the final 5 years' salaries.

Answered: 1 week ago

Question

★★★★★
2 What do you perceive as key challenges in multi-stakeholder contracting in team coaching?

Answered: 1 week ago

Question

★★★★★
A client of the CPA firm of Harston and Mendez is a medical practice of seven local doctors. One doctor has been sued for several million dollars as the result of a recent operation. Because of what...

Answered: 1 week ago

Question

★★★★★
gnment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Calculator The manager of a division that produces add-on products for the automobile industry has just been...

Answered: 1 week ago

Question

★★★★★
How is 7 1 0 0 0 / 4 0 = 7 1 0 ?

Answered: 1 week ago

Question

★★★★★
The following fact pattern applies to questions 1 and 2. Brigid entered into a contract with L. Marcus Marine ("LMM") to perform repairs and updates to her sailboat for $15,000. The work was to be...

Answered: 1 week ago

Question

★★★★★
An SLA manager compares the usage of a system against: Question 1Select one: a. A pay-per-use measurement repository b. An SLA monitor agent c. A quality-of-service measurement repository d. A...

Answered: 1 week ago

Question

★★★★★
an 1800 kg vehicle travelling at 60.0km/h smashes into a concrete barrier and stops in 0.420s what is the magnitude of the collision force on the vehicle

Answered: 1 week ago

Question

★★★★★
Flo's Deli is determining how to ensure that their current process of serving customers during lunch rush is adequate. Which of the following is an example of how the restaurant can monitor its...

Answered: 1 week ago

Question

★★★★★
Know how senior managers can increase the value and strengthen the effectiveness of human resources

Answered: 1 week ago

Question

★★★★★
Describe how you believe the business of locating, hiring, and maintaining employees was accomplished before the establishment of an employment office. List the activities that were probably...

Answered: 1 week ago

Question

★★★★★
Understand the reasons for engaging consultants

Answered: 1 week ago

Previous Question Next Question