If you wish to have $60,000 in 8 years, how much do you need to deposit in

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

Question:

If you wish to have $60,000 in 8 years, how much do you need to deposit in the bank today if the account pays an interest rate of 9%?

Posted Date: May 18, 2024 01:00 PM

See More Questions

For the non-seasonal frequencies, use $g \operatorname{lm}()$ to fit the additive exponential model \[ E\left(|\hat{Y}(\omega)|^{2}ight)=\beta_{0}+\beta_{1} \exp \left(-|2 \pi \lambda \omega|^{1 /...
A firm reported comprehensive income of $376 million for 2009, consisting of $500 million in operating income (after tax) less $124 million of net financial expenses (after tax). It also reported the...
What do you feel is the major barrier preventing organizations from reaching the top of the CSR pyramid? Strategic Partnering Operational Initiatives Personal Projects Philanthropy
Group dynamics affect the culture of the board. What do you think are the key elements to take into account when a new member arrives?
Complete the entire pay cycle process by calculating gross to net pay, employer premium amounts and complete required accounting entries. Sandra works in British Columbia and is paid on a...
December 1: a new investor, made an investment in Byte by purchasing 2,600 shares of its common stock paying $67,600.00 in cash. The par value of the common stock was $17.00 per share. December 3:...
omplete each mini-dialogue with the appropriate indirect object pronoun. Questions Question 1 with 1 blank IL PADRE Queste patate sono terribili! TOBIA 1 of 1 ho detto di non prenderle! Question 2...
Accounting Question: How can activity - based costing ( ABC ) lead to better managerial decisions compared to traditional costing methods? * NO AI ANSWERS * AI SOLUTIONS WILL BE REPORTED *
1. What is the gravitational acceleration from the sun at the mean radius of the Earth's orbit (please show work) 2. What is the gravitational acceleration from the surface of the moon (please show...
Accounting Question: Discuss the concept of 'control' in the context of consolidating financial statements for a parent and its subsidiary. * NO AI ANSWERS * AI SOLUTIONS WILL BE REPORTED *
Determine the following. 11 dx 11 dx =
You are considering two identical firms, one levered and the other unlevered. Both firms have expected EBIT of $33,000. The value of the unlevered firm (VU) is $110,000. The corporate tax rate is...
No.1 Supermarkets Pty Ltd operates a corner store and provides you with the following detail to prepare their December 2020 Business Activity Statement. No.1 Supermarkets is registered for GST on a...
Listed below are common types of current liabilities, contingencies, and commitments: a. Accounts payable b. Bank loans and commercial paper c. Notes payable d. Dividends payable e. Sales and excise...
Sherwin Corporation invest its excess cash in equity securities when such founds are not needed to support operations. At the beginning of the year the companys portfolio consisted of the following...
Amy Cardoza, Jeff Williams, and Claire Mangoni are partners in an existing music business. Each partner's equity is $$32,000,$ for a total equity of $$96,000.$ The partners agree to admit Russ...
Financial statements are interrelated and connected to one another. A change on one financial statement will have an impact on other financial statements. For example, if a corporation neglected to...

If you wish to have $60,000 in 8 years, how much do you need to deposit in

Question:

Expert Answer:

Students also viewed these finance questions