If an investment company pays 8% compounded quarterly, how much should you deposit now to have $6,000
Question:
(A) 3 years from now?
(B) 6 years from now?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
A 6000 r 8 008 i 0084 0...View the full answer
Answered By
WAHIDUL HAQUE
hello,
I'm a professional academic solution provider working as a freelance academic solution provider since 7 years. I have completed numerous projects. Help lots of students to get good marks in their exams and quizzes. I can provide any type of academic help to your homework, classwork etc, if you are a student of Accounting, Finance, Economics, Statistics. I believe in satisfying client by my work quality, rather than making one-time profit. I charge reasonable so that we make good long term relationship. why will you choose me? i am an extremely passionate, boldly honest, ethically driven and pro-active contractor that holds each of my clients in high regards throughout all my business relations. in addition, I'll always make sure that I'm giving my 100% better in every work that will be entrusted to me to be able to produce an outcome that will meet my client's standards. so if you are a student that is now reading my profile and considering me for your academic help. please feel free to look through my working history, feedback and contact me if you see or read something that interests you. I appreciate your time and consideration.
regards
4.90+
233+ Reviews
368+ Question Solved
Related Book For
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
Question Posted:
Students also viewed these Finance questions
-
Multiple Choice Questions 1. A company that uses a minimum attractive rate of return of 10% per year is evaluating new processes to improve operational efficiency. The estimates associated with...
-
(Multiple Choice) 1) Holding all other variables constant, an increase in the interest rate will cause ________ to decrease. a. Future values b. Annuity payments c. Present values d. Growth rates 2)...
-
Assume that you are nearing graduation and that you have applied for a job with a local bank. As part of the banks evaluation (interview) process, you have been asked to take an exam that covers...
-
Revenue Recognition Alternatives Each of the following independent situations relates to the recognition of revenue: a. Interest on loans made by a bank b. Interest on loans made by a bank when the...
-
Barnacle Industries was awarded a patent over 15 years ago for a unique industrial- strength cleaner that removes barnacles and other particles from the hulls of ships. Thanks to its monopoly...
-
At December 31, 2010, Fell Corporation had a deferred tax liability of $680,000, resulting from future taxable amounts of $2,000,000 and an enacted tax rate of 34%. In May 2011, a new income tax act...
-
You are a salesperson working for American Airlines calling on the vice president of a large manufacturing company. Many of the companys people travel all over the world, and you would like them to...
-
Use the data in problem 8 to create a Pareto diagram. Problem 8 In an apparel factory, every time a sewing machine breaks, the symptom is recorded. In the past 30 days, all of the sewing machine...
-
Suppose the target range for the federal funds rate is 1.5 to 2.0 percent but that the equilibrium federal funds rate is currently 1.70 percent. Assume that the equilibrium federal funds rate falls...
-
Three liquid fuels are stored in tanks for use in a blending process. Each fuel is characterized by a demand rate, a fixed replenishment cost, and a unit cost. Inventory carrying costs are assessed...
-
If $2,000 is invested in an account that earns 8.25% compounded annually for 5 years, find the interest earned during each year and the amount in the account at the end of each year. Organize your...
-
If an investment earns 12% compounded continuously, how much should you deposit now to have $4,800 (A) 48 months from now? (B) 7 years from now?
-
What constitutes a value proposition? How is this different from simply communicating the core functionality of a product and/or service?
-
The cantilever beam in Figure P14.9 is connected to a bar at joint 2 by a pin. Compute all reactions. Given: \(E=30,000 \mathrm{kips} / \mathrm{in}\). \(^{2}\). Ignore axial deformation of the beam....
-
List four macro-segmentation variables and explain their value in business markets.
-
The ways in which people from different countries buy cups of tea or coffee have been steeped in tradition. The English tearoom has been quintessentially English, usually providing homely...
-
What is the standard of care used to judge health care professionals?
-
A quick scan of any business telephone directory or an Internet search would reveal an interesting trend occurring in the marketing of service businesses. It is the idea of service companies...
-
Leslie participates in IBOs nonqualified deferred compensation plan. For 2022, she is deferring 10 percent of her $300,000 annual salary. Based on her deemed investment choice, Leslie expects to earn...
-
Explain the term "Equivalent Units". Why are they calculated in process costing? [4 Marks] [minimum 350 words]
-
In Problem discuss the validity of each statement. If the statement is always true, explain why. If not, give a counterexample. Every rational function is a polynomial function.
-
An automobile tire manufacturer collected the data in the table relating tire pressure x (in pounds per square inch) and mileage (in thousands of miles): A mathematical model for the data is given by...
-
In Problem does the equation specify a function with independent variable x? If so, find the domain of the function. If not, find a value of x to which there corresponds more than one value of y. x...
-
According to the context, what is changing HR Professionals' ability to track talent costs?
-
Have a look at the SuperChem VR company's Chemistry Lab Simulator. The owner of SuperChem VR is preparing his pitch deck for an important investor. He aims to expand his AR/VR services company in the...
-
What led the Department of Health and Human Services and CMS to implement a new prospective payment system across all types of care?
Study smarter with the SolutionInn App