You expect to receive $15,000 at graduation in two years. You plan on investing it at 9
Question:
You expect to receive $15,000 at graduation in two years. You plan on investing it at 9 percent until you have $75,000. Howlong will you wait from now?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
To find out how long youll need to wait from now to reach a future value of 75...View the full answer
Answered By
Rohail Amjad
Experienced Finance Guru have a full grip on various sectors, i.e Media, Insurance, Automobile, Rice and other Financial Services.
Have also served in Business Development Department as a Data Anlayst
4.70+
32+ Reviews
83+ Question Solved
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861704
11th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Question Posted:
Students also viewed these Business questions
-
You expect to receive $25,000 at graduation in two years. You plan on investing it at 9 percent until you have $150,000. How long will you wait from now? (Better than the situation in Question 9, but...
-
You expect to receive $25,000 at graduation in two years. You plan on investing it at 9 percent until you have $160,000. How long will you wait from now? (Better than the situation in Question 9, but...
-
You expect to receive $30,000 at graduation in two years. You plan on investing it at 9 percent until you have $160,000. How long will you wait from now? (Better than the situation in Question 9, but...
-
To meet the demand for parking, your town has allocated the area shown here. As the town engineer, you have been asked by the town council to find out if the lot can be built for $11,000. The cost to...
-
Eye-on-World, Inc., has a capacity of 200,000 computer monitors per year. The company is currently producing and selling 160,000 monitors per year at a selling price of $400 per monitor. The cost of...
-
Find I A in the network in figure in using super position. 6 v(+ 2 mA : 2 6 kn 12 kn IA IA 6 n 3 kn
-
GDL Enterprises has the following account balances at December 31, 2010. The inventory balance was determined using FIFO. GDL Enterprises has determined that the replacement cost (current market...
-
Determine the value for c and the covariance and correlation for the joint probability density function fXY (x, y) = c over the range 0 < x < 5, 0 < y, and x 1 < y < x + 1.
-
Identify and discuss the relation of Strategies (PESTLE, Porter's Five forces, the important P's) of a business and the Operations Management of a business. (Explain how do they complement each...
-
Refer to Example 5-9. Suppose the analysis of all vinegar samples uses 5.00 mL of the vinegar and 0.1000 M NaOH for the titration. What volume of the 0.1000 M NaOH would represent the legal minimum...
-
For use in titrations, we want to prepare 20 L of HCl(aq) with a concentration known to four significant figures. This is a two-step procedure beginning with the preparation of a solution of about...
-
Annual starting salaries for college graduates with degrees in business administration are generally expected to be between $45,000 and $60,000. Assume that a 95% confidence interval estimate of the...
-
Show the journal entries needed to correct the following errors: (a) Purchases 1,410 on credit from A. Ray had been entered in B. Roys account. (b) A cheque of 94 paid for printing had been entered...
-
Outlining Your Content A writer working on an insurance information brochure is having trouble grouping the ideas logically into an outline. Using the following information, prepare the outline,...
-
In what ways can advertising support the other elements of the promotional mix?
-
What is the effect of a price ceiling on the quantity demanded?
-
The two main inventory accounting systems are the a. perpetual and periodic. b. purchase and sale. c. returns and allowances. d. cash and accrual.
-
The rate law for the reaction 2NOBr(g) 2NO(g) + Br2(g) at some temperature is a. If the half- life for this reaction is 2.00 s when [NOBr]0 = 0.900 M, calculate the value of k for this reaction. b....
-
Suppose that you are part of a virtual team and must persuade other team members on an important matter (such as switching suppliers or altering the project deadline). Assuming that you cannot visit...
-
Based on the following information, calculate the sustainable growth rate for Perks, Inc.: Profit margin = 5.2% Total asset turnover = 1.90 Total debt ratio = .30 Payout ratio = 15% What is the ROA...
-
You've collected the following information about Erna, Inc.: Sales = $275,000 Net income = $19,000 Dividends = $8,100 Total debt = $67,000 Total equity = $91,000 What is the sustainable growth rate...
-
High Flyer, Inc., wishes to maintain a growth rate of 13 percent per year and a debt-equity ratio of .35. The profit margin is 6 percent, and total asset turnover is constant at 1.10. Is this growth...
-
- EXCEL only and label each question properly. Question 1 Fake Fur Company manufactures ecological friendly fabric. Its primary customers are retailers. The estimated cost to make a metre of fabric...
-
Edmunds Ltd makes and sells 3 2 0 , 0 0 0 \"jollys\" a year for 2 2 each. Fixed costs are 5 2 0 , 0 0 0 a year and variable costs are 1 7 per unit. What is the margin of safety?
-
Share at least two ways to improve customer satisfaction and explain why each improvement will be beneficial. Explore resources within your hypothetical community and share at least one ,then discuss...
Study smarter with the SolutionInn App