You discover $40,000 under your pillow, which can be invested at a rate of 18% per year.
Question:
You discover $40,000 under your pillow, which can be invested at a rate of 18% per year. If you spend $11,435 per year, how long will the money last? (Obj. 3)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
40000 114...View the full answer
Answered By
Sultan Ghulam Dastgir
The following are details of my Areas of Effectiveness English Language Proficiency, Organization Behavior , consumer Behavior and Marketing, Communication, Applied Statistics, Research Methods , Cognitive & Affective Processes, Cognitive & Affective Processes, Data Analysis in Research, Human Resources Management ,Research Project,
Social Psychology, Personality Psychology, Introduction to Applied Areas of Psychology,
Behavioral Neurosdence , Historical and Contemporary Issues in Psychology, Measurement in Psychology, experimental Psychology,
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Corporate Finance questions
-
A payment stream consists of three payments: $1000 today, $1500 in 70 days, and $2000 in 210 days. What single payment, 60 days from now, is economically equivalent to the payment stream if money can...
-
Assume that you are nearing graduation and have applied for a job with a local bank. The bank's evaluation process requires you to take an examination that covers several financial analysis...
-
1. If you want to buy a $350,000 lathe to improve your shop, and you currently have $200K that you can invest at 8.5% compounded monthly, how long do you have to wait until you can afford the...
-
Matrix squaring. Write a program like Markov that computes page ranks by repeatedly squaring the matrix, thus computing the sequence p, p 2 , p 4 , p 8 , p 16 , and so forth. Verify that all of the...
-
A 20-kg girl slides down a playground slide that is 3.2 m high. When she reaches the bottom of the slide, her speed is 1.3 m/s. (a) How much energy was dissipated by friction? (b) If the slide is...
-
Why is developing a value proposition for the products/services offered so important for a business? How much impact do you think a well-developed value proposition has on the success of a product or...
-
For each of the following sets of numbers, calculate a \(95 \%\) confidence interval for the mean \((\sigma\) known); before going through the steps in calculating the confidence interval, the sample...
-
1. What are the inputs, processing, and outputs of UPSs package tracking system? 2. What technologies are used by UPS? How are these technologies related to UPSs business strategy? 3. What strategic...
-
What lessons can be gleaned from historical case studies and best practices in crisis management, informing contemporary approaches and fostering organizational learning and continuous improvement ?
-
The no-cloning theorem shows that we can't build a unitary machine which will make a perfect copy of an unknown quantum state. But if we are willing to settle for an "imperfect" copy, what fidelity...
-
What are some risks are associated with financial decisions?
-
What annual payment would be required to pay off a four year, $20,000 loan if the interest rate being charged is 7%. (Obj. 3)
-
The balances of certain accounts of Brittany Corporation on April 30, 2019, were as follows: Sales............................................................$220,000 Sales Returns and...
-
Prepare a lecture suitable to deliver to an undergraduate psychology class, which describes the emergence of the new psychology. Include the following in your lecture transcript: 1. Explain why the...
-
The evolution of Human Resource Management in South Africa was strongly influenced by historical factors and events. In your own words, summarize the evolution of Human Resource Management in South...
-
1. What factors contributed to the development of the Industrial revolution overall? 2. What was the goal of European leaders at Congress of Vienna? 3. What was the impact of the Crimean War? 4. How...
-
In what ways were the French Revolution and American Revolution alike? In what ways were they different? Question 2: What made the factory system possible, and why was it such an important part of...
-
Why should it study the link between health/biology and psychology?
-
Jill Conway has trouble keeping her debits and credits equal. During a recent month, Jill made the following errors: a. Jill recorded an $800 rent payment by debiting Rent Expense for $80 and...
-
Interest Compounded Annually. When P dollars is invested at interest rate i, compounded annually, for t years, the investment grows to A dollars, where A = P(1 + i) t . Trevor's parents deposit $7800...
-
A company receives an average of $100,000 in cheques per day from its customers. It takes the company an average of five days to receive and deposit these cheques. The company is considering a...
-
What are three major sources of float? What are some common methods that address float?
-
Explain the function of a factor in working capital management.
-
LaToya Limmons is the manager of the Human Resources (HR) department and Javier Jartin is the manager of the sales department for a production company headquartered in the United States but also has...
-
The beam AD is fixed to a rigid wall at A and is supported by props at B and C as shown in figure 1. In sections AB and BC, the flexural rigidity is EI, but in section CD the flexural rigidity is...
-
What is the meaning of 'framing' and how does it impact the way we negotiate? (Your own opinion)
Study smarter with the SolutionInn App