How much should be invested now at 9.75% compounded monthly to have $44,000 in 5 years?

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

Question:

Related Book For answer-question

Elementary Statistics A step by step approach

ISBN: 978-0073386102

8th edition

Authors: Allan Bluman

See More Books

Posted Date: Dec 31, 2020 12:16 AM

See More Questions

Kerosene with a relative density of 0.78 and dynamic viscosity () of 0.002 Pas flows from an upper storage tank under a pressure of 50kPa (gauge) to a lower vented storage tank, through three pipes...
Using Exercise 13, how much should be charged if instead of winning $2 for drawing a 210, the player wins the amount shown on the card in dollars? Reference Exercise: Card Game A game is set up as...
How much must be invested now to receive $29,000 for 8 years if the first $29,000 is received one year from now and the rate is 10%? Round your present value factor to three decimal places and final...
How does MC1R Protein Synthesize?
An ideal-gas mixture consists of 3 kg of Ar and 6 kg of CO2 gases. The mixture is now heated at constant volume from 250 K to 350 K. The amount of heat transfer is (a) 374 kJ (b) 436 kJ (c) 488 kJ...
The relevant information from the financial statements of Pluto plc for last year is as follows: The following further information is available about payments during last year: What figure should...
Refer to the information in Exercise 16-12. Prepare a process cost summary using the FIFO method. (Round cost per equivalent unit calculations to two decimal places.) Data From Exercise 16-12 The...
The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $300,000; Office salaries, $60,000; Federal income taxes withheld, $90,000; State income taxes withheld, $20,000;...
Assistant please, 1) Discuss two impacts to the Database management process by the Data definition language (DDL) and Data manipulation language (DML). 2) Share with a business partner two...
Caitlin and Wally formed the C & W Partnership on September 1, 2020. Caitlin contributed cash of $195,000, and Wally contributed office furniture with a FMV of $66,000. He bought the furniture for...
Which of the following is the characteristic of the particle of the matter? Options: 1) Particles of matter repel each other 2) Particles of matter attract each other 3) Particles of matter neither...
Trey will receive $7,500 at the end of Year 2. At the end of the following two years, he will receive $9,000 and $12,500, respectively. What is the future value of these cash flows at the end of Year...
In Illinois, when does a judgment become a general lien on a defendant's real and personal property?
B24&Co stock has a beta of 1.66, the current risk-free rate is 3.16 percent, and the expected return on the market is 10.66 percent. What is B24&Co's cost of equity?
Josh and his friend Kim leave his house at 11:00 am, Josh heads north at 40mph and Kim heads west at 50mph. What is the rate that the distance between them is increasing at noon?
under which law is an audit client most likely to sue its audit firm for an audit that the client believes was performed with ordinary neglicence? Explain.
You have just been promoted as the Logistics Manager for ABC Corporation. On your first day, you are handed a file that has been labelled as problematic. Given that you have taken Transportation Law,...
AB CORPORATION ISSUED THE FOLLOWING 850 COMMON STOCKS PAR VALUE P100 750 PARTICIPATING PREFERRED STOCKS PAR VALUE P100 AT 3% AB CORPORATION DECLARED P100,000.00 DIVIDEND IN 2022.
A shopping mall has set up a promotion as follows. With any mall purchase of $50 or more, the customer gets to spin the wheel shown here. If a number 1 comes up, the customer wins $10. If the number...
A television executive selects 10 television shows and compares the average number of viewers the show had last year with the average number of viewers this year. The data (in millions) are shown....
At a local university 54.3% of incoming first-year students have computers. If 3 students are selected at random, find the following probabilities. a. None have computers. b. At least one has a...
Ariad Pharmaceuticals, Inc. (Ariad), is a small Cambridge-based pharmaceutical company whose shares are traded on the Nasdaq exchange. Maureen Curran joined Ariad in 2006 and eventually became the...
John Marshall and Alan Tucker began working together at Marshalls financial consulting firm in approximately 1995, and they renamed the firm Marshall, Tucker & Associates, LLC. In addition to working...
The Brian B. Sand & Zachary B. Sand Joint Trust (the Trust) sued the Biotechnology Value Fund (BVF) under Section 16(b) of the Securities Exchange Act of 1934. Mark Lampert controlled BVF as well as...

How much should be invested now at 9.75% compounded monthly to have $44,000 in 5 years?

Question:

Expert Answer:

Elementary Statistics A step by step approach

Students also viewed these accounting questions