You expect to receive $10,000 at graduation in two years. You plan on investing it at 11

Question:

You expect to receive $10,000 at graduation in two years. You plan on investing it at 11 percent until you have $75,000. How long will you wait from now?

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

Step by Step Answer:

Related Book For answer-question

Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

See More Books

Question Posted: Dec 16, 2016 01:44 PM

See More Questions

You expect to receive a payment of 1 million British pounds after six months. The pound is currently worth $1.60 (1 = $1.60), but the future price is $1.56 (1 = $1.56). You expect the price of the...
You expect to receive $5,000 in five years. What is the present value of this future receipt at the continuously discounted rate of 12 percent?
You expect to receive a payment of $104 one year from now. a. Your discount rate is 4 percent. What is the present value of the payment to be received? b. Suppose that your discount rate rises to 5...
Identify and summarize the most important models and concepts of employee motivation.
Refer to Practice 1410. Make the adjusting journal entries for (a) and (b) and the computations for (c) and (d), assuming that the securities are classified as held to maturity. The changes in value...
Why are the tin(IV) halides more volatile than the tin(II) halides?
SWIGART v. BRUNO CALIFORNIA COURT OF APPEALS 13 CAL. APP. 5TH 529 2017 According to the American Endurance Ride Conference, endurance riding is a highly competitive and demanding sport. It is...
(a) On January 1, 2012, Fishbone Corporation sold a building that cost $250,000 and that had accumulated depreciation of $100,000 on the date of sale. Fishbone received as consideration a $240,000...
f(x)=5x-3, g(x)=x-5 (f+g)(x)=(Simplify your answer.)
1. Ultimately, who is responsible for decision making with regard to this situation? 2. What steps should be taken to remedy this situation? 3. Are there fair and ethical procedures to follow to...
You are scheduled to receive $20,000 in two years. When you receive it, you will invest it for six more years at 8.4 percent per year. How much will you have in eight years?
For each of the following, compute the present value: Present Value Years Interest Rate Future Value $ 15,451 51,557 886,073 550,164 3 796 13 14 23 18
State the effect of each of the following errors made in 2010 on the balance sheets and the income statements prepared in 2010 and 2011. (a) The ending inventory is understated as a result of an...
Mapleton Family Medicine is a physician group practice located in a small city (population 150,000) in the Midwest. Mapleton is an eight-physician practice, consisting of family physicians,...
Why are there are no such consequences to patients who demand doctors, nurses, or workers of a specific race to administer their healthcare?
What are some of the behaviors that may indicate to managers that organizing activities are occurring?
Describe the three phases of the labor relations process. Why are all phases equally important?
How did the Social Security Act change the way retirement benefits were viewed?
In which of the following is nitrogen or nitrogen-containing compounds not used? a. Fertilizer b. Explosives c. Dental anesthetic d. Blanketing gas e. Jet fuel
1) The government decided to reduce taxes on fast-food to increase revenue. The government assumes that fast-food products have a) An inelastic demand b) An elastic demand c) A demand curve that is...
What are the five Cs of credit analysis?
For each of the following scenarios, discuss whether profit opportunities exist from trading in the stock of the firm under the conditions that (1) The market is not weak-form efficient, (2) The...
What are the implications of the efficient markets hypothesis for investors who buy and sell stocks in an attempt to "beat the market"?
3) Find at least 3 syntax errors in the following program. Circle each error's location, and write a few words describing the error, next to your circle: // Silly test example program with syntax...
Write a program named PointToPointDistance that reads in the x- and y- coordinates of two points and prints their distance from each other. There are no prompts or output labels. So, if the input was...
Let P(x | C;) ~ N(;, ) for a two-category, one-dimensional classification problem with classes C1 and C2, P(C) = P(C2) = 1/2, and > . (a) Find the Bayes optimal decision boundary and the...

You expect to receive $10,000 at graduation in two years. You plan on investing it at 11

Question:

Step by Step Answer:

Input area Output area Years ...View the full answer

Fundamentals of corporate finance

Students also viewed these Corporate Finance questions