How much money must be deposited now in order to withdraw $10,000 in 4 years if interest

Question:

How much money must be deposited now in order to withdraw $10,000 in 4 years if interest is 5 percent compounded quarterly?

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

Step by Step Answer:

Related Book For answer-question

Principles Of Engineering Economic Analysis

ISBN: 9781118163832

6th Edition

Authors: John A. White, Kenneth E. Case, David B. Pratt

See More Books

Question Posted: Mar 26, 2024 01:01 AM

See More Questions

1 If you deposit $16000 in a savings account at 3.3% interest per year, how much will you have in 37 years? (Answer to the nearest dollar) 5.00000 points QUESTION 2 How much money would you need to...
In this problem, we want to create a spreadsheet to help someone estimate their income in retirement. To do this, we will have them enter several numbers: the amount of money currently in savings,...
1. you are offered an annuity of 12,000 a year for 15 years. The annuity payments start after five years have elapsed. If the annuity costs 75,000, is the annuity a good purchase if you can earn 9...
The extraction process shown Figure 8.47 is conducted without extract or raffinate reflux. Feed F' is composed of solvent and solute, and is an extract-phase feed. Feed F'' is composed of unextracted...
On January 1, 2018, Brandon Electronics issued $85 million of 11.5% bonds, dated January 1. The market yield for bonds of maturity issued by similar firms in terms of riskiness is 12.25%. How can...
John Campbell, an employee of Manhattan Construction Company, claims to have injured his back as a result of a fall while repairing the roof at one of the Eastview apartment buildings. He filed a...
In question 1, identify the marketing as opposed to the business strategy. Data From Question 1: What is a business strategy? Do you agree with the definition proposed? Illustrate your answer with...
DCF, accrual accounting rate of return, working capital, evaluation of performance, no income taxes. Century Lab plans to purchase a new centrifuge machine for its New Hampshire facility. The machine...
Steve consumes two goods, tacos, T, and Red Bull soda, R. His income is $60 per week, the price of tacos is $3 and the price of Red Bull is $2. [2'] A) What is the equation for his budget line?...
You invest $10,000 in a fund that pays 7 percent per year for 5 years. How much is in the fund at the end of 5 years if (forgetting leap years and making convenient assumptions) a. compounding is...
If you deposit $4,000 into an account paying 6 percent per year compounded semiannually, how much will you have in the account after 10 years?
Find the corner points for the set of feasible solutions for the constraints given in Problems 35-46. \(\left\{\begin{array}{l}x \geq 0 \\ y \geq 0 \\ x+y \leq 8 \\ y \leq 4 \\ x \leq...
Hal is single and in 2018 he obtained IRS permission to change from the calendar year to a fiscal year ended August 31, 2018. Hal earned $\$ 80,000$ through August 31, 2018 and had \$7,000 in...
How does the use of a multiple regression model affect the number of degrees of freedom in a regression model? Contrast your response with that involving a simple regression model.
Ruben and Albert are both calendar-year taxpayers, and are equal partners in the RA Partnership, which has a fiscal year ending on October 31. During the 2018-2019 fiscal year the partnership earns...
The Light Record Corporation has been on the calendar year since its inception five years ago. It wishes to change to an April 30 natural business year. For 2018, the calendar year of proposed...
Describe several examples of the impact that entrepreneurial firms have on a society.
A 0.3-m3 rigid tank is filled with saturated liquid water at 200°C. A valve at the bottom of the tank is opened, and liquid is withdrawn from the tank. Heat is transferred to the water such that...
Hotel Majestic is interested in estimating fixed and variable costs so that the company can make more accurate projections of costs and profit. The hotel is in a resort area that is particularly busy...
In a face milling operation, the depth of cut is 6 mm, and the table moves (i.e., feed rate) at 10 mm/s. The width of the workpiece is 50 mm, and the cutter has a diameter of 81 mm. The rotational...
1. A bar made of steel (Young's modulus E = 200 GPa) is composed of three members joined together as illustrated in Figure 1. The bar is fixed at both left and right ends to rigid walls and subject...
Consider an isentropic flow in a convergent-divergent nozzle schematically shown in Figure Q2. The value of the temperature in the reservoir is 510 K, and the Mach number at the outlet section is...

How much money must be deposited now in order to withdraw $10,000 in 4 years if interest

Question:

Step by Step Answer:

Principles Of Engineering Economic Analysis

Students also viewed these Business questions