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

Question

1 Approved Answer

The future value of $1,500 to be invested for 7 years is _ _ if the discount rate is 3.1%. $1,857 $1,211 $11,529 $9,310

The future value of $1,500 to be invested for 7 years is __ if the discount rate is 3.1%.

$1,857

$1,211

$11,529

$9,310

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

=+29. Coffee prices 2013. Coffee is the worlds second largest legal export commodity (after oil) and is the second largest source of foreign exchange for developing nations. The United States...

Answered: 1 week ago

Question

★★★★★
A manufacturer claims that through the use of a fuel additive, automobiles should achieve, on average, an additional 5 miles per gallon of gas. A random sample of 100 automobiles was used to evaluate...

Answered: 1 week ago

Question

★★★★★
Del Monty will receive the following payments at the end of the next three years: $10,000, $13,000, and $15,000. Then from the end of the 4th year through the end of the 10th year, he will receive an...

Answered: 1 week ago

Question

★★★★★
The management of Zigby Manufacturing prepared the following balance sheet for March 3 1 . ZIGBY MANUFACTURING Balance Sheet March 3 1 Assets Liabilities and Equity Cash $ 1 3 6 , 0 0 0 Liabilities...

Answered: 1 week ago

Question

★★★★★
Morty Albertson owns a funeral home business with two separate funeral homes that employ a total of 27 employees. One of the strategic goals for his business this year is customer focused: to...

Answered: 1 week ago

Question

★★★★★
1.According to results from a research trial for a painful, shoulder condition resulted in reduced pain and better physical function than treatment with just physical therapy. Researchers followed...

Answered: 1 week ago

Question

★★★★★
Exercise One TERM:" Mens Rea" Locate and cite the Colorado Statute addressing culpability requirements Locate and cite the William Mitchell Law Review article discussing Mens Rea in the State of...

Answered: 1 week ago

Question

★★★★★
Agile PMs must sense and align individuals, teams, and stakeholders. Which of the following is NOT a way to empower others? Please choose the best answer below: Establishing systems of ownership...

Answered: 1 week ago

Question

★★★★★
You and your friend Olivia are both volunteers at a cat rescue. The shelter supervisor asks the two of you to clean out kennels and haul bags of cat food from the donation area to the storage area....

Answered: 1 week ago

Previous Question Next Question