Mme. Barefield wishes to have $150,000 at the end of 8 years. How much must she invest
Question:
Mme. Barefield wishes to have $150,000 at the end of 8 years. How much must she invest today to accomplish this purpose if the interest rate is
a. 6% per year?
b. 8% per year?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (15 reviews)
a Ending balance of 8 years 15000...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Financial Accounting An Introduction to Concepts, Methods and Uses
ISBN: 978-1133591023
14th edition
Authors: Roman L. Weil, Katherine Schipper, Jennifer Francis
Question Posted:
Students also viewed these Accounting questions
-
Mme Barefield wishes to base $150,000 at the end of 8 years. How much must she invest today to accomplish this purpose if the interest rate is? a. 6% per year? b. 8% per year? Required: Calculations...
-
1. If you wish to accumulate $140,000 in 13 years, how much must you deposit today in an account that pays an annual interest rate of 14%? 2. What will $247,000 grow to be in 9 years if it is...
-
How much must you deposit at the end of each year in an account that pays a nominal annual rate of 20 percent, if at the end of five years you want $10,000 in the account?
-
Describe the impact of mobile computing upon your business and project its impact in the future. Do the same for social media. In both cases, when considering impacts, consider how each technology...
-
Which of the following schematic drawings best describes a solution of Li2SO4 in water (water molecules not shown for simplicity)?
-
Given the following current year information, calculate Adair Corporations retained earnings balance on December 31. Net income, $95,400 Common stock dividends declared, $32,000 Retained earnings,...
-
What CPT would be expected for a PVST with a timed pulse on a 3/2 pilot-operated spool solenoid valve?
-
Arts Corporation offers a generous employee compensation package that includes employee stock options. The exercise price has always been equal to the market price of the stock at the date of grant....
-
A balloon has volume 1500 m 3 and a mass of 650 kg (when empty). When full of helium, what is the maximum mass it can lift off the ground? The density of helium 0.18 kg/m 3 and the density of air is...
-
The alkaloid coniine has been isolated from hemlock and purified. Its molecular formula is C8H17N. Treatment of coniine with excess methyl iodide, followed by silver oxide and heating, gives the pure...
-
Prepare journal entries to record each of the following items for Union Cable Company for 2012. Union Cable Company uses a calendar year reporting period. Ignore income tax effects. a. Discovers on...
-
If you promise to leave $30,000 on deposit at the Dime Savings Bank for four years, the bank will give you a new large, flat-screen Sony TV today and your $30,000 back at the end of four years. How...
-
What is data mining? What is OLAP? How are they different?
-
Review how keeping to trending products by GAO INC will increase their revenue?
-
A passive and chemically inert pollutant is emitted from a chimney of height h (= 120 m) and diameter d (= 0.8 m) into the atmosphere of ambient temperature T. (= 298 K). The pollutant emission rate,...
-
Write a short essay (800-1200 words) to address the following questions: Why is it difficult to pick the best Linux distro? Which Linux distro might be best for your Mom to use as a Windows...
-
GIS People clarifies how the organization and its systems view and manage its employees and contractors. Other systems, including the ERP, will eventually use this role-based system for...
-
Design a supply chain diagram of how BMW integrates blockchain?
-
Consider the following query: The query selects: a. The name and total number of outstanding orders of all suppliers that have at least one outstanding order. b. The name and total number of...
-
Prove the formula for (d/dx)(cos-1x) by the same method as for (d/dx)(sin-1x).
-
Which of the following items are classified as assets on a typical balance sheet? a. Depreciation. b. CEO salary. c. Cash. d. Deferred income taxes. e. Installment receivable (collectible in 3...
-
Profitability and risk analysis in a cross-section setting This problem compares the profitability and risk ratios of three leading discount chains: Carrefour, Target, and Wal-Mart. Carrefour,...
-
Calculating and interpreting profitability and risk ratios. The Gap and Limited Brands maintain leading market positions in the specialty apparel retailing market. The products of The Gap (jeans....
-
Interpreting profitability and risk ratios GlaxoSmithKline plc is a pharmaceutical company headquartered in the United Kingdom. Exhibit 6.33 presents financial statement ratios for GlaxoSmithKline...
-
Determine weighted average cost of capital (WACC). Use the approach in the module to estimate the WACC. Test the sensitivity of your estimate to various estimates for beta found online. The above has...
-
On September 12, Jody Jansen went to Sunshine Bank to borrow $2,400 at 8% interest. Jody plans to repay the loan on January 27. Assume the loan is on ordinary interest. a. What interest will Jody owe...
-
Choose a building or some other form of real property you would like to purchase. Use Realtor.com or Zillow.com to find a suitable property Include a picture of the property along with the for-sale...
Study smarter with the SolutionInn App