You expect to receive $16,000 at graduation in two years. You plan on investing it at 12

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

Question:

You expect to receive $16,000 at graduation in two years. You plan on investing it at 12 percent until you have $92,000. How long will you wait from now?

19.18 years
15.43 years
17.43 years
19.53 years
13.43 years

Posted Date: May 19, 2024 09:12 AM

See More Questions

CFR is a manufacturer of Industrial machines. During 2020, CFR launched a new machine with model name Omega. Each unit of Omega is being sold for Rs. 10 million payable upon delivery. Revenue from...
Consider a sequence of independent Bernoulli trials with p _ 0.2. (a) What is the expected number of trials to obtain the first success? (b) After the eighth success occurs, what is the expected...
Young's experiment is perfonned with light from excited helium atoms ( = 502 om). Fringes are measured carefully on a screen 1.20 m away from the double slit, and the center of the 20th fringe (not...
What role do meetings play in successful execution?
Cherry Jones owns a homeopathic medicine company called Faithhealers. She sells vitamins and other relatively nonperishable products for those who want choices regarding alternative medicine. Cherry...
Evaluate the following integral. dx 2 X - 2x + 37 Rewrite the integrand by completing the square in the denominator. 2 X - 2x + 37
FDT Pty Ltd, a corporate tax entity, has the following transactions for the 2019/20 tax year: Date Transaction $ 30/06/19 Balance Nil 12/07/19 Received Unfranked Dividend 4,200 12/12/19 2018/19...
2. Show the calculation to find the and of a binomial variable whose probability of success if 0.7 with a total number of attempts of 40.
Consider air flow at standard sea level conditions over NACA 0010 airfoil. The maximum thickness of the airfoil is 4.2 cm, and the angle of attack is 7.4 degrees. If the freestream velocity is 1 m/s...
(i)Identify two objectives of imposing tax penalties (ii)Assess two circumstances under which the imposition of penalties might not achieve the intended objectives
The age guesses for the person in Photo 13 in our Guessing Ages survey are shown in the table below. Table: Guesses for age of person in photo13 in "Guessing Ages" survey 18 25 30 24 24 33 26 23 32...
3. [-/2 Points] DETAILS MY NOTES OSCALC1 4.7.320. ASK YOUR TEACHER PRACTICE AN Consider the construction of a pen to enclose an area. You have 200 ft of fencing to make a pen for hogs. If you have a...
You buy one December futures contracts when the futures price is $1,010 per unit. Each contract is on 100 units and the initial margin per contract that you provide is $2,000. The maintenance margin...
The following data are supplied for the common stocks of Nikola Corporation, Tesla, Inc. and General Motors: Nikola Corp (NKLA) Tesla Inc. (TSLA) Close Price ($) Close Price ($) 67.53 30.00 40.81...
Determine whether $G$ raph $Q_{2}$ is a spanning tree of Graph $Q$. If not, explain how you know. J k [m
Determine whether Graph $Q_{1}$ is a spanning tree of Graph $Q$. If not, explain how you know. m n
List three unused (solid) edges from Graph $O$ that cannot be used to complete the spanning tree. A student has been asked to construct a spanning tree for Graph $O$, as shown in the figure. The...

You expect to receive $16,000 at graduation in two years. You plan on investing it at 12

Question:

Expert Answer:

Students also viewed these finance questions