Fifteen (15) years ago, your parents purchased an investment for $2,500. If the investment earned 6 percent
Fantastic news! We've Found the answer you've been seeking!
Question:
Fifteen (15) years ago, your parents purchased an investment for $2,500. If the investment earned 6 percent interest each year, how much is it worth today?
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
When he died in 1790, Benjamin Franklin left $4600 to the city of Boston, with the stipulation that the money and its earnings could not be used for 100 years. The bequest grew to $332,000 by 1890....
-
1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...
-
If Samantha invests $700 today in an account that pays 4 percent interest compounded annually, how much will she have in her account four years from today? Fifteen (15) years ago, your parents...
-
Why should the digital divide matter to people who can afford to be fully connected?
-
What is the importance of master data management?
-
Does the income effect involve a change in income? Explain.
-
Write up a two-column cash book from the following details, and balance off as at the end of the month: 19X8 May 1 35 39 95 2 3 4 5 Started business with capital in cash 100. Paid rent by cash 10. F...
-
The Pitts Barbecue Company makes three kinds of barbecue sauce: Extra Hot, Hot, and Mild. Pitts vice president of marketing estimates that the company can sell 8,000 cases of its Extra Hot sauce plus...
-
Problem 1 In 2019, Charizard Engineering entered into an agreement to construct an office building at a contract price of P50,000,000. Construction data were as follows: 2019 2020 2021 Construction...
-
See Attached Virginia Enterprises makes all purchases on account subject to the following payment pattern. Paid in the month of purchase 30% Paid in the ?rst month after purchase 65% Paid in the...
-
When is the Fixed Asset Manager synchronized with the fixed asset list?
-
What information is provided by the Fixed Asset Managers Depreciation Schedule by G/L Account Number report?
-
Political pollsters may be interested in the proportion of people who will vote for a particular cause. identify: a. the population, b. the sample, c. the parameter, d. the statistic, e. the...
-
What is the population she is interested in? a. all Lake Tahoe Community College students b. all Lake Tahoe Community College English students c. all Lake Tahoe Community College students in her...
-
A politician is interested in the proportion of voters in his district who think he is doing a good job. identify: a. the population, b. the sample, c. the parameter, d. the statistic, e. the...
-
How can Janette most effectively evaluate her organization s business environment?
-
How does Kant answer Humes bundle theory of self? Do you think he is successful?
-
The Pauli spin matrices in quantum mechanics are given by the following matrices: \(\sigma_{1}=\left(\begin{array}{ll}0 & 1 \\ 1 & 0\end{array} ight), \sigma_{2}=\left(\begin{array}{cc}0 & -i \\ i &...
-
Find the eigenvalue(s) and eigenvector(s) for the following: a. \(\left(\begin{array}{ll}4 & 2 \\ 3 & 3\end{array} ight)\) b. \(\left(\begin{array}{ll}3 & -5 \\ 1 & -1\end{array} ight)\) c....
-
For the matrices in the previous problem, compute the determinants and find the inverses, if they exist.
Study smarter with the SolutionInn App