You have $15,000 to invest today. You hope to buy a new car that costs $25,000 in four years. What approximate rate of interest must you earn to achieve your goal?
Answer to relevant QuestionsYou can invest $3,000 annually at the end of each of the next 12 years. You hope to have $60,000 in the investment account by then. What rate of interest must you earn to meet this goal? Explain three simple rules that often lead to success in budgeting. Do you agree that the more complex a budget is, the more successful it will be? Explain. The following items, arranged alphabetically, belong to either the income statement or the balance sheet. Put them in their correct place and then construct each statement. (You must also calculate net worth and contribution ...Following are budget and actual figures for selected income and expense accounts for June and cumulative variances for each account through May. (Parentheses indicate an unfavorable variance.) Answer the following, assuming ...How are FICA taxes calculated? Is it possible to overpay them? If your answer is yes, what should you do?
Post your question