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

Question

1 Approved Answer

Susan invests $25,000 today in a portfolio, She further plans to invest $12,000 at the end of this year and $17,000 at the end of

image text in transcribed
Susan invests $25,000 today in a portfolio, She further plans to invest $12,000 at the end of this year and $17,000 at the end of the next yeat, What wil be the future value of the investments at the end of the fourth year if the interest rate is 13% ? $61,020.49 $79,783,90 $70.605.22 $63,540.96

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

Offshore Finance And State Power

Offshore Finance And State Power

Authors: Andrea Binder

1st Edition

0192870122, 978-0192870124

More Books

Students also viewed these Finance questions

Question

★★★★★
Refer to Nokias balance sheet in Appendix A. List Nokias current liabilities as of December 31, 2009.

Answered: 1 week ago

Question

★★★★★
Colleen Prescott is a salaried employee who works fluctuating work schedules. She is paid a fixed salary of $920 each week, with an agreement with her employer that overtime (over 40 hours) will be...

Answered: 1 week ago

Question

★★★★★
Flip a coin to determine which hand you will measure first. If the coin lands heads side up, start with the right hand. If the coin lands tails side up, start with the left hand. With the designated...

Answered: 1 week ago

Question

★★★★★
Brian Motley founded MiniDiscs Corporation at the end of 2005 with a $1 million investment. After nearly one year of development, the venture produced an optical storage disk (about the size of a...

Answered: 1 week ago

Question

★★★★★
Susan invests $25,000 today in a portfolio, She further plans to invest $12,000 at the end of this year and $17,000 at the end of the next yeat, What wil be the future value of the investments at the...

Answered: 1 week ago

Question

★★★★★
KGame is an online game development company that was set up in Shanghai in 2008. The company mainly recruits young employees because of their familiarity with gaming. One of its key management...

Answered: 1 week ago

Question

★★★★★
Suppose a Ferris Wheel has a diameter of 30 meters, the center is 19 meters off the ground and it makes 2 revolutions per min. Draw this Ferris Wheel, labeling the radius, height, and center....

Answered: 1 week ago

Question

★★★★★
Using the 'Child Development' dataset in the Math 12 group in StatCrunch, construct 2 boxplots using 'weight age 9' variable for each males and females. Compare the 2 boxplots. Choose the correct...

Answered: 1 week ago

Question

★★★★★
The owner: Began with $8,425 and made $525 in profit Statement of Owner's Equity Beginning Retained Earnings (Capital) 8950 Due to unforeseen events, withdrew $5,950 Owner Contributions 2000 Net...

Answered: 1 week ago

Question

★★★★★
Residual income can be defined as: Multiple Choice Current period investment less operating expenses. Income left over after interest and tax. Operating income minus current period investment. The...

Answered: 1 week ago

Question

★★★★★
Jake's Battery Company has two service departments, Maintenance and Personnel. Maintenance Department costs of $160,000 are allocated on the basis of budgeted maintenance-hours. Personnel Department...

Answered: 1 week ago

Question

★★★★★
Teamwork. After the class has been divided into at least two teams, take turns acting out, without speaking, roles presented by the teacher. (Objective 7)

Answered: 1 week ago

Question

★★★★★
List and explain the four characteristics of nonverbal messages.What nonverbal messages might students be sending if (a) they were leaning forward in their seats during the instructors lecture and...

Answered: 1 week ago

Question

★★★★★
If you are in a meeting and the speaker is saying something but his or her facial expressions and tone of voice seem to being saying something else, what would you believe, the words or the nonverbal...

Answered: 1 week ago

Previous Question Next Question