youd like to buy a 40 foot used catamaran in 10 years. you forecast that youll need

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

Question:

youd like to buy a 40 foot used catamaran in 10 years. you forecast that youll need $450,000 for the purchase at that time. how much should you save each month to reach your goal? the interest rate is 4.5%

Related Book For answer-question

Managerial Accounting

ISBN: 978-0133428377

4th edition

Authors: Karen W. Braun, Wendy M. Tietz

See More Books

Posted Date: Feb 10, 2024 07:28 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
LO 1,3 SPREADSHEET 1: Total net income: $20,600 1: Total assets: $45,000 Preparation and Interpretation of Financial Statements P9. Bachino's Pizza's accounts follow. The company has just completed...
Identify specific controls that are used to maintain input integrity and security.
For the purpose of calibration of measuring instrument, which of the following is used: (a) Screw gauge (b) Slip gauge (c) Dial gauge (d) Ion gauge
The Fourth Amendment prohibits searches without a reasonable suspicion to justify them. When an individual is arrested, law enforcement officers routinely fingerprint and photograph prisoners for...
The Eastern Oil Company buys crude vegetable oil. Refining this oil results in four products at the splitoff point: A, B, C, and D. Product C is fully processed by the splitoff point. Products A, B,...
Explain the issues that an auditor may need to deal with in the cash accounts, especially if the company has foreign bank accounts for international transactions. Also, would a schedule of interbank...
We need to swap the following registers. Do this using block moves. Before r1 r2 r3 r4 r5 r6 r7 After r3 r4 r5 r6 r7 r1 r2
Collaborative Activity You will engage in discussion activities that will critically explore management and leadership differences, and how these differences can often reflect the culture and values...
What would you say to a 45-year-old woman who is eager to become pregnant but is unsure about the risks associated with pregnancy at this age? Explain why some at-risk newborns develop normally but...
Once you have collected your data, use the following table template to record call option intrinsic value and time value. Underlyings: XXX Current stock price:$$$ Strike Price Intrinsic Value Time...
Meghan is a community development worker who is working to improve experiences for people with mental health issues in the local community. Recently, several people with a mental illness in the...
Write one line of code that: a) Print a random number between 1 and 75 inclusive. b) Print 1 if n is between 1 and 100 exclusive. c) Print the integer value of a character c.
1. Describe how you construct the uncertain -denominated return from investing 1 in the Swiss franc money market. (2 marks) 2. Suppose that the 90-day forward rate is $1.45/, the current spot rate...
Write a C-Program to: 1. Build a tree from a given in-order and pre-order traversal. Also Display the tree with graphviz tools. Please note that your C program should generate .gv file which will be...
Nate prepares slides for his microscope. In 1 day he prepared 12 different slides. Which equation best represents y, the total number of slides Nate prepares in x days if he continues at this rate? A...
Greatland Preschool operates a not- for- profit morning preschool that operates nine months of the year. The preschool has 160 kids enrolled in its various programs. The pre-schools primary expense...
1. Why would it be inappropriate for a custom- home builder to use process costing? 2. For what types of products is job costing appropriate? Why? For what types of products is process costing...
Compute the following cash flows for Swift Media Services Company for the past year: 1. The beginning balance of Retained Earnings was $ 139,000, while the end of the year balance of Retained...
Figure P19.3 shows a network design using steam, cooling water and some heat recovery. (a) Does this design achieve the minimum energy target for $\Delta T_{\min }=20^{\circ} \mathrm{C}$ ? (b) If...
Figure P19.4 shows two hot streams and two cold streams for heat integration (subject to $\Delta T_{\min }=20^{\circ} \mathrm{C}$ ). (i) What are the energy targets? (ii) Show a network design...
Figure P19.5 shows an existing design of a process plant, containing two exothermic processes. These require streams of reactants as shown in the diagram, and produce products at the temperatures...

youd like to buy a 40 foot used catamaran in 10 years. you forecast that youll need

Question:

Expert Answer:

To calculate how much you should save each month to reach your goal of 450000 in 10 ... View the full answer

Managerial Accounting

Students also viewed these finance questions