Question: Just answer Given below are the future value factors for 1 at 8% for one to five periods. PeriodsFuture Value of 1 at 8% 11.080

Just answer

Given below are the future value factors for 1 at 8% for one to five periods.

PeriodsFuture Value of 1 at 8%

11.080

21.166

31.260

41.360

51.469

What amount should be deposited in a bank account today to grow to $15,000 three years from today, assuming 8% interest compounded annually?

a.$15,000 1.260

b.$15,000 1.260 3

c.$15,000 1.260

d.$15,000 1.080 3

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 Economics Questions!

Q:

Given below are the future value factors for 1 at 8% for one to five periods. Periods Future Value of 1 at 8% 1 1.080 2 1.166 3 1.260 4 1.360 5 1.469 If $5,000 is deposited in a savings account...

Q:

Given below are the future value factors for 1 at 8% for one to five periods. Periods Future Value of 1 at 8% 1 1.080 2 1.166 3 1.260 4 1.360 5 1.469 What amount should be deposited in a bank account...

Q:

Question 20 of 20 - / 0.4 View Policies Current Attempt in Progress Given below are the future value factors for 1 at 8% for one to five periods. Interest is compounded annually at 8%. Periods Future...

Q:

* MyWay * CUNY Login x > WinPLUS edugen.wileyplus.com/edugen/lti/main.uni ories New Tab G simple mehndi desi G mehed styles - Ge... 3 Return to Blackboard -U TIS S Kieso, Intermediate Accounting, 17e...

Q:

The excel homework assignment below has five tabs that cover five different topics: Net Present Value Analysis, Capital Budgeting and Cost of Capital, Working Capital, Management, Financial Ratio...

Q:

I attached a sample questions that you had your site but no answers. I wanted to check my work with the answers. Do you have the answers to these questions. I see some for some other finance exams...

Q:

MINI AUDIT - COOK'S FURNITURE LTD. BACKGROUND INFORMATION BDC, Chartered Accountants is a medium size accounting firm located in Auckland with four audit partners, eight business advisory partners...

Q:

QUESTION 1 Zera Manufacturing is interested in measuring its overall cost of capital. The firm is in the 40% tax bracket Current investigation has gathered the following data: Debt: The firm can...

Q:

Question 1 Homework questions for Week 5 Time Value of Money You purchase a bond for $15,000 which you plan to hold until it matures in 10 years. It pays 4% SIMPLE interest per year. How much...

Q:

Question 1 You purchase a bond for $15,000 which you plan to hold until it matures in 10 years. It pays 4% SIMPLE interest per year. How much interest will you earn on your investment if you hold it...

Q:

What are the UNICAP rules, and which businesses do they affect?

Q:

On January 15, 2013, Leno, Inc., which has a March 31 year- end, entered into a transaction to sell the land and building that contained its manufacturing operations for a total selling price of $...

Q:

4 Explain the concept of the time value of money.

Q:

A voluntary transfer to a third party of rights under a contract is referred to as: A delegation A novation A breach An assignment. Under which of the following circumstances does an offer terminate?...

Q:

The quality of the argumentation

Q:

The status rule: We tend to have more confidence in information presented by someone who has a relatively high status and rank in society than by someone who hasnt.

Q:

The spatial rule: The closer spatial proximity we have to an event, the more importance we will attach to it.