Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 08, 2024

You want to have $93,000 in 17 years to help your child attend college. If you can earn an annual interest rate of 4.9 percent,

You want to have $93,000 in 17 years to help your child attend college. If you can earn an annual interest rate of 4.9 percent, how much will you have to deposit today? $38,035.80 O $19,181.91 $36,241.67 $41,238.20 $39,311.91

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

The Bank Credit Analysis Handbook

Authors: Jonathan Golin, Philippe Delhaise

2nd Edition

0470821574, 978-0470821572

More Books

Students also viewed these Finance questions

Question

★★★★★

What pressure must be maintained in a closed vessel to turn 100 liters of water at 10C entirely into water vapor by using only 6.8 107 calories of energy?

Answered: 1 week ago

Question

★★★★★

In a study by Thomas et al. (A-14) the Poisson distribution was used to model the number of patients per month referred to an oncologist. The researchers use a rate of 15.8 patients per month that...

Answered: 1 week ago

Question

★★★★★

13. News coverage given by local newspapers and radio talk shows is not always positive. How do you go about protecting athletes from negative news coverage that is demotivating?

Answered: 1 week ago

Question

★★★★★

Describe briefly the legal rights and privileges of common stockholders. MINI CASE Sam Struthers and Shawna Tibbs are senior vice presidents of the Mutual of Seattle. They are co-directors of the...

Answered: 1 week ago

Question

★★★★★

Ferkil Corporation manufacturers a single product that has a selling price of $25.00 per unit. Fixed expenses total $33,000 per year, and the company must sell 5,500 units to break even. If the...

Answered: 1 week ago

Question

★★★★★

In 2022 Courtney paid $3,500 in Ohio state income taxes, and the included this payment with her other itemized deductions when she filed her federal income tax return in March of 2024. Courtney filed...

Answered: 1 week ago

Question

★★★★★

11.7 A copper bar with a cross-sectional area of 1.5 in. is loaded as shown. What is the total change in length of the bar? Ec = 16 x 100 psi. Def=0.044 in 4 ft 10.000 lb 4000 lb - 8 ft PROB. 11.7

Answered: 1 week ago

Question

★★★★★

Divergent LTD is an investment company which owns a number of subsidiary companies. Each subsidiary produces a particular product or service. The subsidiary companies are grouped into three divisions...

Answered: 1 week ago

Question

★★★★★

A cylindrical casting of diameter 200 mm and height 100 mm is to be casted. From the previous observations it was found that to cast a shaft of 150 mm diameter and 500 mm length, the casting time is...

Answered: 1 week ago

Question

★★★★★

Illustrate a strategic timeline to obtain/maintain market penetration in 1 year. Illustrate a strategic timeline to increase production capacity in 3 years Illustrate a strategic timeline to market...

Answered: 1 week ago

Question

★★★★★

1 General triangles 1 General triangles 2 You are stuck in place P and there is a landmark (L) in your sight that is at an angle of 42 to a reference line as in the picture. You know that there is a...

Answered: 1 week ago

Question

★★★★★

4. In small groups in your class, discuss how popular culture and films portray interpersonal relationships, considering specifically relationship stages. Discuss communication techniques that the...

Answered: 1 week ago

Question

★★★★★

1. List one family relationship, one friendship, and one romantic relationship in which you are or have been involved. For each of these relationships, list at least five self-disclosures you made to...

Answered: 1 week ago

Question

★★★★★

B In light of the information you have gleaned from this chapter, how would you prepare to have a conversation about repairing the relationship no matter which decision you make? What repair tactics...

Answered: 1 week ago

Previous Question Next Question