The desired accumulated amount is $100,000 after 4 years invested in an account with 4% interest com-pounded

Question:

The desired accumulated amount is $100,000 after 4 years invested in an account with 4% interest com-pounded quarterly.

Use the present value formula to determine the amount to be invested now, or the present value needed.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

See More Books

Question Posted: Jan 28, 2019 05:43 AM

The desired accumulated amount is $45,000 after 10 years invested in an account with 3.6% interest compounded monthly. Use the present value formula to determine the amount to be invested now, or the...
The desired accumulated amount is $75,000 after 5 years invested in an account with 4% interest compounded semiannually. Use the present value formula to determine the amount to be invested now, or...
The desired accumulated amount is $15,000 after 30 years invested in an account with 3% interest compounded monthly. Use the present value formula to determine the amount to be invested now, or the...
Shortly after Murray began working in the tax department of the public accounting firm of Dewey, Cheatham, and Howe, he was preparing a tax return and discovered an error in last year's work papers....
Raquel transferred $100,000 of stock to a trust, with income to be paid to her nephew for 18 years and the remainder to her nephew's children (or their estates). Raquel named a bank as independent...
A farsighted woman breaks her current eyeglasses and is using an old pair whose refractive power is 1.660 diopters. Since these eyeglasses do not completely correct her vision, she must hold a...
What were the Hawthorne Studies about? LO.1
Parisian Cosmetics Company is planning a one-month campaign for September to promote sales of one of its two cosmetics products. A total of $140,000 has been budgeted for advertising, contests,...
Tho Thai Moodie, a local Thai respects sales to be $660,000 in January the average customer rekord ball 360 Owly 20% of the restabile e paid with the paid wit credit cards and 20% dibicach The...
In testing a certain kind of truck tire over a rugged terrain, it is found that 25% of the trucks fail to complete the test run without a blowout. Of the next 15 trucks tested, find the probability...
Use the compound interest formula to compute the total amount accumulated and the interest earned. Round all answers to the nearest cent. $5600 for 7 years at 2.7% compounded daily.
Marcus receives an inheritance of $6500. He decides to invest this money in a 5-year certificate of deposit (CD) that pays 1.86% interest compounded semiannually. How much money will Marcus receive...
The Box-Cox family of power transformations (Box and Cox 1964) is defined by where Î» is a free parameter. (a) Show that, for each y, g*Î»(y) is continuous in A. In...
How do you assess the managerial challenge posing the decision of having an organization-wide uniform package of compensation and benefits in the present context of organizations having diversity of...
what you have to do is make order decisions based on the sales, stock, and delivery cycle of each item. You are making decisions of marking orders from suppliers, and they will deliver the item next...
How do advanced relaxation techniques, such as progressive muscle relaxation or guided imagery, contribute to a comprehensive stress management plan ?
What role do intermediaries play in intermediation in the market? Do middlemen exist in the online market? How? Talk about the following ideas with examples from real life: (1) the issues with direct...
Identify and conduct a 5S project that you could do at home, school, or your place of employment. For each of the 5 steps, define what you would do to address the situation. Describe the outcome. .
Divide into groups of three or four. Each group must map out its proposal for restoring the ethical reputation of a multinational corporation that has been fined for one of the following...
Selected condensed data taken from a recent statement of financial position of Morino Ltd. are as follows. MORINO LTD. Statement of Financial Position (partial) Other current assets...
Calculating the standard error of the mean Given = 4 and N = 88, calculate M .
The mayor in a large city wanted to know how optimistic new mothers were for the future of their children in the city. There were 1,189 live births in the city in 2012. The mayor commissioned a...
At an alcohol treatment center, about 10 people with alcohol problems complete treatment each month. The director wanted to know their status a year after treatment. In 2011 there were 112 people who...
You are thinking of buying a stock priced at $99 per share. Assume that the risk-free rate is about 4.5% and the market risk premium is 6.4%. If you think the stock will rise to $125 per share by the...
The transactions in this practice set were completed by Hydro Paddle Boards, Inc. during January, the first month of the companys fiscal year. Hydro Paddle Boards, Inc. is a manufacturing corporation...
Al preparar el estado de resultados pro forma, cules de las siguientes partidas se deducen de las utilidades brutas para llegar a las ganancias despus de impuestos? Pregunta de seleccin mltiple....

The desired accumulated amount is $100,000 after 4 years invested in an account with 4% interest com-pounded

Question:

Step by Step Answer:

n 4 r 004 t ...View the full answer

A Survey of Mathematics with Applications

Students also viewed these Mathematics questions