Question: ALL PART TO ONE QUESTION PLEASE ANSWER ALL THANK YOU Elaine has just received an insurance settlement of $25,000. She wants to deposit this money

ALL PART TO ONE QUESTION PLEASE ANSWER ALL THANK YOU
ALL PART TO ONE QUESTION PLEASE ANSWER ALL THANK YOU Elaine has
just received an insurance settlement of $25,000. She wants to deposit this
money in her bank account. If she can earn 2.0% annually, how
much will she have saved 8 years from now? O a. $39,864.20

Elaine has just received an insurance settlement of $25,000. She wants to deposit this money in her bank account. If she can earn 2.0% annually, how much will she have saved 8 years from now? O a. $39,864.20 Ob. $28,000.00 Oc. $29,291.48 Od $30,929.02 In 2 years you plan to take a family vacation to Florida at an estimated cost of $6,000. If you can earn an annual rate of 2.5%, how much must you invest today in order to have the funds needed for the planned vacation? O a. $5,067.82 O b. $5.710.89 Oc. $5,280.19 od $5.901.06 Bishop Corporation's new Chief Marketing Officer has pledged to increase sales from its current level of $1.5 million at a rate of 8% per year until the firm hits sales of $2.2 million. How long will it take to hit the target goal at this rate of increase? O a. 12 years Ob. 10 years Oc. 7 years Od. 5 years An investment of $800 earns an annual interest rate of 5%. How much more interest is earned in Year 5 with compound interest than with simple interest? 5 a $6.31 b. $40.00 oc $48.62 d. $8.62

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!