How long (before the first withdrawal) must a $19,665 investment earning 9.5% compounded semiannually be allowed to
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (21 reviews)
The initial investment equals the present value of the withdrawals Gi...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Corporate Finance questions
-
A $10,000 investment will be allowed to grow at 8.5% compounded semiannually until it can support semiannual withdrawals of $1000 for 20 years. Rounded to the nearest month, how long before the first...
-
Grupo Rana wants to withdraw $20,000 each year for 10 years from a fund that earns 8% interest. How much must he invest today if the first withdrawal is at year-end? How much must he invest today if...
-
Henry Quincy wants to withdraw $30,000 each year for 10 years from a fund that earns 8% interest. How much must he invest today if the first withdrawal is at year-end? How much must he invest today...
-
Magna Jets is a medium sized company that manufactures luxury goods for several well-known chain stores. In real terms, the company has experienced only a small growth in turnover in recent years,...
-
On January 1, 20X5, Pop Company of Regina, Saskatchewan, purchased 80% of the out-standing shares of Soda Limited of Switzerland. Sodas statements of financial position as at December 31, 20X4, and...
-
Laura's new car cost her $21,000. She was told that this make and 5 model depreciates exponentially at a rate of 8 5/8% per year. How 8 much will her car be worth after 100 months?
-
Each outcome of an experiment, in the case of a random process, is called a a. sample point b. sample space c. sample function
-
Daniel Grady is the financial advisor for a number of professional athletes. An analysis of the long-term goals for many of these athletes has resulted in a recommendation to purchase stocks with...
-
Marigold Company manufactures and sells three products. Relevant per unit data concerning each product are given below. Product Selling price $8 A < 00 Variable costs and expenses $5 Machine hours to...
-
Pine Valley Furniture wants you to help design a data mart for analysis of sales. The subjects of the f data mart are as follows: Salesperson..Attributes: Salespersons, Years with PVFC,...
-
An investor purchased a deferred annuity contract for $4608.07, a price calculated to provide a rate of return on investment of 9.75% compounded monthly. The semiannual payments of $400, once...
-
The nominal interest rate associated with an ordinary general annuity is 8% compounded monthly. Rounded to the nearest 0.001%, what is the corresponding periodic rate of interest that matches the...
-
Are the chemical properties of the elements in a vertical column or in a horizontal row of the periodic table similar to one another?
-
Given the following method signature, which classes can call it? void run(String government) A. Classes in other packages B. Classes in the same package C. Subclasses in a different package D. All...
-
Fill in the blanks: It is possible to extend a(n) ______________ but not a(n) ______________. (Choose two.) A. interface, abstract class B. anonymous class, static nested class C. abstract class,...
-
What is the output of the Turnip class? A. 3 B. 5 C. The code does not compile. D. The code compiles but throws an exception at runtime. E. None of the above. package animal; interface GameItem { int...
-
What is the minimum number of lines that need to be removed to make this code compile? A. 1. B. 2. C. 3. D. 4. E. The code compiles as is. @FunctionalInterface public interface Play { public static...
-
Which of the following statements about overriding a method are correct? (Choose three.) A. The return types must be covariant. B. The access modifier of the method in the child class must be the...
-
Use the method of your choice to determine the area of the surface generated when the following curves are revolved about the indicated axis. y = 9x/3 x4/3 32 for 1 x 8; about the x-axis
-
Based on the scenario described below, generate all possible association rules with values for confidence, support (for dependent), and lift. Submit your solutions in a Word document (name it...
-
How would the existence of excess capacity in fixed assets affect the additional funds needed during 2005?
-
The relationship between sales and the various types of assets is important in financial forecasting. The percent of sales approach, under the assumption that each asset item grows at the same rate...
-
Now calculate the corporate value, the value of the debt that will be issued, and the resulting market value of equity.
-
Write a MATLAB code/script which includes a row vector named your first name constructed with square brackets consisting of the digits in your student number in order and calculates the sum of the...
-
Write a MATLAB code/script includes calling a function named your first name which returns the area and volume of a cylinder. This code prompts the user to enter the radius (r) and height (h) values...
-
2.1 Explain by means of drawings how the Successive-Approximation conversion process takes place when receiving an analog voltage input. Use the KEEP/RESET method. Use 5 V input. Vref= 8 V (10) 2.2...
Study smarter with the SolutionInn App