Question: Use the present value formula to determine the amount to be investednow, or the present value needed. The desired accumulated amount is $ 150,000 7

Use the present value formula to determine the amount to be investednow, or the present value needed.

The desired accumulated amount is $150,0007years invested in an account with6% interest compoundedquarterly

The amount to be investednow, or the present valueneeded, is $

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 Mathematics Questions!

Q:

Use the present value formula to determine the amount to be investednow, or the present value needed. The desired accumulated amount is $ 60, 000 60,000 after 1 4 years invested in an account with...

Q:

Use the present value formula to determine the amount to be investednow, or the present value needed. The desired accumulated amount is $70,000 after 11 years invested in an account with 5.7%...

Q:

Use the present value formula to determine the amount to be invested now, or the present value needed. 12) The desired accumulated amount is $9000after8years invested in an account with3% interest...

Q:

Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $110, 000 after 6 years invested in an account with 7%...

Q:

Use the present value formula to determine the amount to be invested now, or the present value needed The desired accumulated amount is $50 000 after 11 years invested in an account with 2.5%...

Q:

Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $80,000 after 10 years invested in an account with 2.9%...

Q:

Please help me solve this question, and show all work. Thank you :) Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated...

Q:

PLEASE HELP URGENT Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $80,000 after 14 years invested in an...

Q:

Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $80,000 after 10 years invested in an account with 6% interest...

Q:

Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $50,000 after 12 years invested in an account with 6.6%...

Q:

Ms. Mariam Tax is employed as an internal auditor of Uncle Stan's Enterprises Limited, a Canadian-controlled private corporation. She is provided with a car owned by the corporation to allow her to...

Q:

Refer to Exercise 17.27. a. Estimate the variance components in this study. b. Proportionally allocate the sources of variability with respect to the total variability in solder strength. c. Place a...

Q:

In the balanced scorecard framework controls are used to assess the organization's success in terms of cash flow, return on equity, and return on assets financial customer learning and growth...

Q:

A company issues 1,050 shares of its common stock for $33,600 cash. Prepare journal entries to record this event under each of the following separate situations.