You expect to receive $25,000 at graduation in two years. You plan on investing it at 9
Question:
You expect to receive $25,000 at graduation in two years. You plan on investing it at 9 percent until you have $150,000. How long will you wait from now? (Better than the situation in Question 9, but still no Ferrari.)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
Input area Output area ...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Essentials of Corporate Finance
ISBN: 978-0078034756
8th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Question Posted:
Students also viewed these Corporate Finance questions
-
You expect to receive $30,000 at graduation in two years. You plan on investing it at 7 percent until you have $125,000. How long will you wait from now? (Better than the situation in Question 9, but...
-
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?
-
The Kay Company has the following Capital structure as at 31st March 2019. Based on Book Value Based on Market Value % Costs Debentures 300,000 330,000 ...
-
How should a PMIS be chosen?
-
Could Teslas controls have been more effective? How? What about its goals? How?
-
Wire ropes are used for: (a) Low speeds and low tension (b) Low speeds and high tension (c) High speeds and low tension (d) None of these
-
Calculate the book value of a three-year-old machine that has a cost of $21,000, has an estimated residual value of $1,000 and an estimated useful life of 40,000 machine hours. The company uses...
-
Required: 2. After all of the transactions for the year ended December 31, 2015, had been posted [including the transactions recorded in part (1) and all adjusting entries], the data that follows...
-
Analyzing the Effects of Transactions Using T-Accounts, Preparing a Balance Sheet, and Evaluating the Current Ratio over Time as a Bank Loan Officer Strauderman Delivery Company, Inc., was organized...
-
For each of the following, compute the future value: Future Value Present Value $ 3,150 89,305 Years Interest Rate 13% 19 13 21 8,453 227,382
-
You can earn .43 percent per month at your bank. If you deposit $1,800, how long must you wait until your account has grown to $3,100?
-
Which of the following is used to test for a difference of means between three or more groups? a. T-test b. Regression analysis c. ANOVA test d. Correlation
-
Suppose that rather than fl ipping a coin, one rolls a die. If the value is 1, 2, 3, or 4, the player wins $1. If it is 5 or 6, the player loses $1. Calculate the expected return.
-
What external benefi ts or costs would you expect from a project designed to develop sanitary waste product disposal in a third-world village? Why do these need to be considered as part of a CBA of...
-
Suppose that no amount of other goods can compensate for a loss in health. How would the individuals indifference curves look? Is this a reasonable assumption in terms of what we actually see taking...
-
A company starts in business on 1 January 2011. You are to write up the vans account and the provision for depreciation account for the year ended 31 December 2011 from the information given below....
-
A business started trading on 1 January 2010. During the two years ended 31 December 2010 and 2011 the following debts were written off to the Bad Debts Account on the dates stated: On 31 December...
-
(a) When a mixture containing one mole each of the three dimethylbenzenes (o-, m-, and p-xylene) is treated with one mole of chlorine in the presence of a Lewis acid catalyst, one of the three...
-
Highland Theatre is owned by Finnean Ferguson. At June 30, 2014, the ledger showed the following: Cash, $6,000; Land, $100,000; Buildings, $80,000; Equipment, $25,000; Accounts Payable, $5,000;...
-
Internal Rate of Return Concerning IRR: a. Describe how the IRR is calculated, and describe the information this measure provides about a sequence of cash flows. What is the IRR criterion decision...
-
Internal Rate of Return Concerning IRR: a. Describe how the IRR is calculated, and describe the information this measure provides about a sequence of cash flows. What is the IRR criterion decision...
-
Payback and Internal Rate of Return A project has perpetual cash flows of C per period, a cost of I, and a required return of R. What is the relationship between the projects payback and its IRR?...
-
A 1 kg metal block is heated to 200 C and then dropped into a thermally isolated container with 4 kg of water and 100 gr of ice both at a temperature of 0 C. If the specific heat of water is cw=4186...
-
Why are both ER Diagrams and Relational Modeling needed when a database system is developed?
-
Which data model provides a user with the best "program-data independence"? A. Hierarchial Model B. Network Model C. Relational Model D. Entity Relationship Model Why?
Study smarter with the SolutionInn App