How much would an investor need to deposit today into an investment earning 3.75% compounded quarterly if

Question:

How much would an investor need to deposit today into an investment earning 3.75% compounded quarterly if her goal is to have a total of $35,000 in eight years from now?

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

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

See More Books

Question Posted: Oct 21, 2020 05:48 AM

1. Joshua Vermier of Sacramento, California, received a raise after his first year on the job to $43,800 from his initial salary of $42,000. What was Joshuas raise stated as a percentage? Inflation...
Scan Soft Development Company is developing a new process to manufacture optical disks. The development costs were higher than expected, so Scan Soft required an immediate cash inflow of $5 200 000....
How much would you have to pay into an account at the end of every 6 months to accumulate $10 000 in eight years if interest is 3% compounded semi-annually?
Design a plan to research and select a new or used automobile.
Air is contained in an insulated, rigid volume at 25oC and 180 kPa. A paddle wheel, inserted in the volume, does 800 kJ of work on air. If the volume is 2m3, determine. (a) The entropy increase. (b)...
Mortgage companies usually charge interest semi-annually. What would be the effective rate of interest on a mortgage at 4.25 percent compounded semi-annually?
Consider the simple linear regression model fit to the steam plant data in Problem 2.12. Problem 2.12 The number of pounds of steam used per month at a plant is thought to be related to the average...
Gothic Architecture is a new chain of clothing stores specializing in the color black. Gothic issues 1,000 shares of its $1 par value common stock at $30 per share. Record the issuance of the stock....
sked byChina699 BEMIDJI STATE UNIVERSITY Department of Technology, Art & Design TADT 3217 : Materials Science & Metallurgy Hardness Testing [A continued look at the Heat Treatment of Steel] ...
Pat, a rational investor, has $5,000 to invest for one year, pending a large purchase. She has narrowed her choice down to two investments. One (a 1 ) is to invest the full amount in shares of...
Mr. Dickson purchased a seven-year, $30,000 compound-interest GIC with funds in his RRSP. If the interest rate on the GIC is 1.75% compounded semiannually, what is the GIC's maturity value?
What amount invested today would grow to $10,000 after 25 gears if the investment earns a. 4% compounded annually? b. 4% compounded semiannually? c. 4% compounded quarterly? d. 4% compounded monthly?
Provide evidence in support of or refuting the following statement: Humans consume microbes every day with little healthrisk.
Modern quality management and project management are complementary. They both emphasize customer satisfaction and the underlying belief that quality leads to customer satisfaction. The main objective...
Project quality management is a process that considers how a project should proceed to achieve the desired quality for the project's deliverables. It requires project managers to continually measure...
Channel Sales Force Average Discount Units (mill.) Sales (mill. KRW) Percent Total Independent 12 20.0% 1.4 3,133.5 9.4% Drug Store 12 25.0% 7.8 14,541.7 43.5% Hypermarket 12 35.0% 7.3 11,353.0 33.9%...
1. Which financial and quality monitoring and control systems are used in a workplace (simulated workplace)? 2. what are 5 elements of a project management plan? 3. what is the role of 3 project...
5. (3 Points) The following binary numbers are 4-bit 2's complement binary numbers. Which of the following operations generate overflow? Justify your answer by translating the operands and results...
Sandy Corp. projects that it will have taxable income of $150,000 for the year before paying any fringe benefits. Assume Karen, Sandy's sole shareholder, has a marginal tax rate of 35 percent on...
CRUZ, INC. Comparative Balance Sheets December 31, 2015 CRUZ, INC. Income Statement For Year Ended December 31, 2015 Required Use the indirect method to prepare the cash provided or used from...
The question that the survey asked is, Should government do more or less to solve countrys problems (HELP NOT: 1 = Government should do more; 2, 3, 4, 5 = Government does too much)? Can we infer from...
Is there enough statistical evidence to conclude that the eight political categories differ in their responses to this question, Should government improve standard of living of poor people (HELPPOOR:...
The survey asked the question, Should government reduce income differences between rich and poor (EQWLTH: 1 = Government should reduce differences; 2, 3, 4, 5, 6, 7 = No government action)? Is there...
4 An electron emitter will be used to make a beam of electrons for a microscope. Electrons are emitted from a hot wire and accelerated between an anode and cathode plate which can be approximated to...
1. A current of 5.83 A is used to produce the microwave radiation in a microwave oven. If the voltage across the oven is 120V, how much does it cost to run the microwave for 12 minutes if electrical...
You've seen the following returns on a stock over the past five years: 6 percent, 12 percent, 20 percent, -6 percent, and 11 percent. Suppose the average inflation rate over this time period was 2.5...

How much would an investor need to deposit today into an investment earning 3.75% compounded quarterly if

Question:

Step by Step Answer:

Let the principal P R 375 T 8 years A 35000 Using formula A ...View the full answer

Fundamentals Of Business Mathematics In Canada

Students also viewed these Mathematics questions