Q:21 A very careful new father wants to set money aside for his baby daughter's wedding. If

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

Question:

Q:21

A very careful new father wants to set money aside for his baby daughter's wedding. If the wedding takes place in 29.00 years, he expects it will cost $79,600.00 . If the father can earn 7.00% on his investments, how much does he need to invest today to reach his goal?

Round 2 decimal places

Posted Date: May 18, 2024 07:07 PM

See More Questions

Consider a single toss of a fair coin, and define X as the number of heads that come up on that toss. Then X can be 0 or 1, with a probability of 50 %. The expected value of X is 1/2 . Can we expect...
A vacant lot acquired for $150,000, on which there is a balance owed of $80,000, is sold for $290,000 in cash. The seller pays the $80,000 owed. What is the effect of these transactions on the total...
Consider the daily returns of GE stock from January 2, 1998, to December 31, 2008. The data can be obtained from CRSP or the file d-ge9808 . txt. Convert the simple returns into log returns. Suppose...
CONTINUING PROBLEM: FRONT ROW ENTERTAINMENT} While Front Row Entertainment was having considerable success in signing artists and promoting concerts, Cam and Anna still had a few ideas to grow their...
At the end of its first year of operations on December 31, 2014, RKC Companys accounts show the following. The capital balance represents each partners initial capital investment. Therefore, net...
Paul and Donna Decker are married taxpayers, ages 4 4 and 4 2 , respectively, who file a joint return for 2 0 2 3 . The Deckers live at 1 1 2 1 College Avenue, Carmel, IN 4 6 0 3 2 . Paul is an...
A bakery can produce a cookie with a weight of W(x, y) = x 1/2 y 3/2 with the weight W in ounces, and x and y are the percentages of flour and sugar respectively. The percentage of flour and sugar...
28. A steel part with surface area of 125 cm is to be chrome coated through an electroplating process using chromium acid sulphate as an electrolyte. An increasing current is applied to the part...
29. One kg of air, initially at a temperature at 127C, expands reversibly at a constant pressure until the volume is doubled. If the gas constant of air is 287 J/kg.K, the magnitude of work transfer...
31. A rigid mass-less rod of length L is connected to a disc (pulley) of mass m and radius r = L/4 through a friction-less revolute joint. The other end of that rod is attached to a wall through a...
32. The magnitude of reaction force at joint C of the hinge-beam shown in the figure is (round off to 2 decimal places). kN 50kN A 10 kN/m B 3m 3m 4m Hinge
34. Consider two exponentially distributed random variables X and Y, both having a mean of 0.50. Let Z= X + Y and r be the correlation coefficient between X and Y. If the variance of Z equals 0, then...
Question 1. A sales manager collected the following data on x = years of experience and y = annual sales ($1,000s). The estimated regression equation for these data is = 80 + 4 x . Salesperson Years...
An environmentalist wants to determine if the median amount of potassium (mg/L) in rainwater in Lincoln County, Nebraska, is different from that in the rainwater in Clarendon County, South Carolina....
Below are the financial accounts of Dodge Realty, Inc. The company has just completed its 10th year of operations ended December 31, 20x8. Required 1. Prepare the income statement, statement of...
The following are the accounts of Creative Advertising, Inc., an agency that develops marketing materials for print, radio, and television. The agencys first year of operations ended on January 31,...
Southwest Airlines Co. is one of the most successful airlines in the United States. Its annual report contains this statement: We are a company of People, not Planes. That is what distinguishes us...

Q:21 A very careful new father wants to set money aside for his baby daughter's wedding. If

Question:

Expert Answer:

Students also viewed these finance questions