You expect to receive $30,000 at graduation in two years. You plan on investing it at 9

Question:

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 still no Ferrari.)

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

Step by Step Answer:

Related Book For book-img-for-question

Essentials Of Corporate Finance

ISBN: 9780073405131

6th Edition

Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan

See More Books

Question Posted: Apr 24, 2012 07:08 AM

See More 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 a payment of 1 million British pounds after six months. The pound is currently worth $1.60 (1 = $1.60), but the future price is $1.56 (1 = $1.56). You expect the price of the...
You expect to receive $5,000 in five years. What is the present value of this future receipt at the continuously discounted rate of 12 percent?
On November 1, 2021, Sadie's borrows $230,000 from a local bank and signs a note. The note requires interest to be paid annually beginning on August 1, 2022 at 12%. Principal and interest are due in...
On June 3, 2016, Fidelity State Company received a $4,800, 45-day, 10 percent note from Horace Coe, a customer whose account was past due. 1. Record in the general journal receipt of the note. 2....
In July in Los Angeles, the incident sunlight at ground level has a power density of 1.2 kW m 2 at noon. A swimming pool of area 50 m 2 is directly exposed to the sun. What is the maximum rate of...
Find out what CFD software packages your college or university has. How many "seats" of each? How much does your institution spend annually on CFD software?
On February 1, 2007 Edwards Corporation purchased a parcel of land as a factory site for $50,000. It demolished an old building on the property, and began construction on a new building that was...
Arvin, Inc., produces two products, ins and outs, in a single process. The joint costs of this process were $77,300, and 14,000 units of ins and 36,000 units of outs were produced. Separable...
Richard McCarthy (born 2/14/64; Social Security number 100-10-9090) and Christine McCarthy (born 6/1/1966; Social security number 101-21- 3434) have a 19-year-old son (born 10/2/99 Social Security...
You are scheduled to receive $15,000 in two years. When you receive it, you will invest it for six more years at 8 percent per year. How much will you have in eight years?
You have $7,000 to deposit. Regency Bank offers 12 percent per year compounded monthly (1 percent per month), while King Bank offers 12 percent but will only compound annually. How much will your...
The following time series plot is based on data from the article Bubble Talk Expands: Corporate Debt Is Latest Concern Turning Heads(San Luis Obispo Tribune, September 13, 2002). It shows how...
Paymore Products places orders for goods equal to 75% of its sales forecast in the next quarter which has been provided in the table below. Sales forecast Quarter in Coming Year First $492 Second...
Bench Industries manufactures large workbenches for industrial use. Recent market analysis indicates that sales are declining for Bench's product because of aggressive competitor pricing. Bench's...
Wilmington Company has two manufacturing departments Assembly and Fabrication. It considers all of its manufacturing overhead costs to be fixed costs. The first set of data that is shown below is...
Pink House Ltd. sells plastic pink flamingos. The following operating expenses were provided for the month of April 2020: Sales salaries $25,000 Advertising 3% of monthly sales Sales commissions 2.5%...
Holton Company makes three products in a single facility. Data concerning these products follow: Product A B C Selling price per unit $ 9 6 . 2 0 $ 7 8 . 0 0 $ 8 6 . 4 0 Direct materials $ 4 1 . 9 0...
Reg. 1.212-1 (n) refers to two Code Sections. What are they?
Representative data read from a plot that appeared in the paper Effect of Cattle Treading on Erosion from Hill Pasture: Modeling Concepts and Analysis of Rainfall Simulator Data (Australian Journal...
In carrying out a survey of the efficiency of lights, brakes and steering of motor vehicles, 100 vehicles were found to be defective, and the reports on them were as follows: Use a Venn diagram to...
a. What are direct bankruptcy costs? b. What are indirect bankruptcy costs?
a. Can you describe the trade-off that defines the static theory of capital structure? b. What are the important factors in making capital structure decisions?
a. What are some of the claims to a firms cash flows? b. What is the difference between a marketed claim and a nonmarketed claim? c. What does the extended pie model say about the value of all the...
calculate how quickly customers pay for inventory they purchased. how quickly suppliers are being paid by the company. how efficiently a company sells it inventory?"
Batz Corporation has set a target profit of $12000 for the next period. How many specialty notebooks (units) does the company need to sell to a hive the target profit?
determine how you could check the numbers in the financial reports are correct for food and drinks?

You expect to receive $30,000 at graduation in two years. You plan on investing it at 9

Question:

Step by Step Answer:

To answer this question we can use either the FV or the P...View the full answer

Essentials Of Corporate Finance

Students also viewed these Corporate Finance questions