Bob and Sally open an investment account with the intention of saving enough to purchase a house

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

Question:

Bob and Sally open an investment account with the intention of saving enough to purchase a house of their dreams their goal is to have

45, 000

down in five years their account will guarantee them a return of

8 %

compounded annually how much do they need to put an account right now to have that much savedmum

Posted Date: May 18, 2024 11:12 AM

See More Questions

In Exercises find the derivative of the function by the limit process. f(x) = x - 4x + 5
Burke has been a rancher all her life, raising cattle and crops. Her ranch is valued at $500,000, almost all of which is exempt under state law. Burke has eight creditors and a total indebtedness of...
Textbook prices have doubled and risen faster than average prices for the past two decades. Sixty percent of students do not buy textbooks. Some students hunt for used copies and sell them back at...
Which of the following is a fraud in which later payments on account are used to pay off earlier payments that were stolen? a. lapping b. kiting c. Ponzi scheme d. salami technique
ROI and RI with manufacturing costs. Superior Motor Company makes electric cars and has only two products, the Simplegreen and the Superiorgreen. To produce the Simplegreen, Superior Motor employed...
How attractive is the industry that Dominos operates in? What resources did Dominos have pre-turnaround? What advantages did they provide? According to the case, what resources does Dominos have...
Impliment y = AB + CD + E
Winthrop Company has an opportunity to manufacture and sell a new product for a five-year period. To pursue this opportunity, the company would need to purchase a plece of equipment for $130,000. The...
Mark Welsch deposits $7,300 in an account that earns interest at an annual rate of 4%, compounded quarterly. The $7,300 plus earned interest must remain in the account 2 years before it can be...
Joseph Company manufactures 2 products, Flacca and Gordo. Overhead costs are comprised of machine set-ups $1600080; machining $3574200; and inspecting $1199520. Recent data are shown below: Flacca...
The Egghead Smartphone Company receives 450 cases of imported memory cards every 30 days. The number of cases of memory cards on inventory t days after the shipment arrives is N(t) = 450 - 1530t....
Create a Data Table (Data ribbon/ What If Analysis) Your sales manager is pounding on your desk for a reduction in sales price. He anticipates that sales of your X-Style product and increase...
Paige Turner is single and has two children from her previous marriage. Ali lives with Paige, and Paige provides more than half of her support. Leif lives with his father, Will (Lief lived with Will...
What is the expected payoff of an investment that yields $5,000 with a probability of 0.15 and $500 with a probability of 0.85? Select one: O a. $325 O b. $5,500 O c. $2,750 O d. $1,175
The diagram below represents the lubrication system of a machine; the lubricant flows from a source area at node 1 , through components $2-6$, which require lubrication, and collects at node 7 ....
The graph of Exercise 15 of Section 1.2 modeling a forced-air heat distribution system is displayed again below, with one additional edge. This time we suppose the fully connected system exists and...
Let the intermediate nodes on the graph of Exercise 1 represent switching locations at a busy train station located at node 5 , to which trains are arriving from node 1. The edge capacities represent...

Bob and Sally open an investment account with the intention of saving enough to purchase a house

Question:

Expert Answer:

Students also viewed these finance questions