The desired accumulated amount is $75,000 after 5 years invested in an account with 4% interest compounded
Question:
The desired accumulated amount is $75,000 after 5 years invested in an account with 4% interest compounded semiannually.
Use the present value formula to determine the amount to be invested now, or the present value needed.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
n 2 r 004 t ...View the full answer
Answered By
Rustia Melrod
I am a retired teacher with 6 years of experience teaching various science subjects to high school students and undergraduate students. This background enables me to be able to help tutor students who are struggling with the science of business component of their education. Teaching difficult subjects has definitely taught me patience. There is no greater joy for me than to patiently guide a student to the correct answer. When a student has that "aha!" moment, all my efforts are worth it.
The Common Core standards are a useful yardstick for measuring how well students are doing. My students consistently met or exceeded the Common Core standards for science. I believe in working with each student's individual learning styles to help them understand the material. If students were struggling with a concept, I would figure out a different way to teach or apply that concept. I was voted Teacher of the Year six times in my career. I also won an award for Innovative Teaching Style at the 2011 National Teaching Conference.
4.90+
4+ Reviews
10+ Question Solved
Related Book For
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
Question Posted:
Students also viewed these Mathematics questions
-
The desired accumulated amount is $45,000 after 10 years invested in an account with 3.6% interest compounded monthly. Use the present value formula to determine the amount to be invested now, or the...
-
The desired accumulated amount is $100,000 after 4 years invested in an account with 4% interest com-pounded quarterly. Use the present value formula to determine the amount to be invested now, or...
-
The desired accumulated amount is $15,000 after 30 years invested in an account with 3% interest compounded monthly. Use the present value formula to determine the amount to be invested now, or the...
-
The following are selected account balances from Cheela Company and Jarjar Corporation as of December 31, 2018: Cheela Jarjar Revenues P 980,000 P 560,000 Expenses 560,000 420,000 Dividend Income...
-
Fred is retired and living on his pension. He has accumulated almost $1 million of property he would like to leave to his children. However, Fred is afraid much of his wealth will be eliminated by...
-
A saturated solution of milk of magnesia, Mg(OH) 2 , has a pH of 10.52. What is the hydronium ion concentration of the solution? What is the hydroxide ion concentration? Is the solution acidic or...
-
Terrific Tiles Ltd has a policy of maintaining a finished goods inventory balance at the end of a month equal to 50% of the sales requirements of the following month. The ending inventory balance on...
-
Calculating the Total Overhead Variance Standish Company manufactures consumer products and provided the following information for the month of February: Units produced.....................131,000...
-
Three years ago, you purchased a bond for $974.69. The bond had three years to maturity, a coupon rate of 8%, paid annually, and a face value of $1,000. Each year, you reinvested all coupon interest...
-
What actions did Embraces founders take to solicit feedback from prospective customers and what did they learn from these efforts?
-
Use the compound interest formula to compute the total amount accumulated and the interest earned. Round all answers to the nearest cent. $5600 for 7 years at 2.7% compounded daily.
-
Marcus receives an inheritance of $6500. He decides to invest this money in a 5-year certificate of deposit (CD) that pays 1.86% interest compounded semiannually. How much money will Marcus receive...
-
In Problems, write the equation of the line that passes through the given point and has the given slope. Then graph the line. (1, 1) with slope -1/3
-
Draw Maxs demand curve for rented windsurfing equipment. Over the price range $5 to $10 an hour, is Maxs demand elastic or inelastic? Max has $35 a day to spend on windsurfing and snorkeling and he...
-
Stephanie Ling has been asked to conduct a breakeven analysis. In which category would she put the cost of rent for the manufacturing facility? a. Fixed cost b. Variable costc. Revenue cost d....
-
Which production process strives to reduce waste and improve production flow? a. Mass customization b. Mass production c. Lean production d. Assembly line production
-
Mass customization is achieved by using which type of system? a. Flexible manufacturing system b. Lean production c. Forward processing d. Backward processing
-
What about pricing? How might you reconcile the need to keep the drug company profitable with the ethical responsibility to make medications affordable for those in need?
-
Explain the importance of logistics important on a macro level and the contributions of logistics to the economy?
-
On January 1, 2018, Khalid Ltd., which follows IAS 17, entered into an eight-year lease agreement for three dryers. Annual lease payments for the equipment are $28,500 at the beginning of each lease...
-
Calculating the standard error of the mean Given s = 7.50 and N = 225, calculate s M .
-
Calculating the standard error of the mean Given s = 7.50 and N = 72, calculate s M .
-
Calculating the standard error of the mean Given = 12 and N = 88, calculate M .
-
A soft tennis ball is dropped onto a hard floor from a height of 1.55 m and rebounds to a height of 1.12m. (Assume that the positive direction is upward.) (a) Calculate its velocity (in m/s) just...
-
A 200 mm reinforced concrete wall carries a dead load of 140 kN/m including self-weight and a live load of 60 kN/m. It is to be carried by 500 mm thick footing with its bottom 1.5 m below NGL. Soil...
-
Using www.land.vic.gov.au look up your current place of abode to gather planning information that might be useful in assessing its future development potential. 2. Write one-page report in WORD...
Study smarter with the SolutionInn App