Question

Donald Bautista needs $26,000 in 9 years. Click here to view factor tables What amount must...

Donald Bautista needs $26,000 in 9 years.

Click here to view factor tables

What amount must he invest today if his investment earns 12% compounded annually? What amount must he invest if his investment earns 12% annual interest compounded quarterly? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)

Investment at 12% annual interest

$enter a dollar amount rounded to 0 decimal places

Investment at 12% annual interest, compounded quarterly

$enter a dollar amount rounded to 0 decimal places
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Newman Madison needs $294,200 in 10 years. Click here to view factor tables How much must...
Newman Madison needs $294,200 in 10 years. Click here to view factor tables How much must he invest at the end of each year, at 15% interest, to meet his needs? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment amount $enter the dollar amount invested rounded to 0 decimal places Sandhill Inc. manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction of a...
1- Serena Willis will invest $27,700 today. She needs $42,972 in 9 years. What annual interest...
1- Serena Willis will invest $27,700 today. She needs $42,972 in 9 years. What annual interest rate must she earn? 2- Gary Bautista needs $27,000 in 3 years. What amount must he invest today if his investment earns 12% compounded annually? What amount must he invest if his investment earns 12% annual interest compounded quarterly? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment at 12% annual interest, compounded quarterly...
Brief Exercise 6-6 Henry Madison needs $270,000 in 10 years. Click here to view factor tables...
Brief Exercise 6-6 Henry Madison needs $270,000 in 10 years. Click here to view factor tables How much must he invest at the end of each year, at 11% interest, to meet his needs? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment amount
Chris Quincy wants to withdraw $35,600 each year for 9 years from a fund that earns...
Chris Quincy wants to withdraw $35,600 each year for 9 years from a fund that earns 4% interest. Click here to view factor tables How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) First withdrawal at year-end $enter a dollar amount rounded to 0 decimal...
Stacy Alvarez is investing $381,500 in a fund that earns 11% interest compounded annually. Click here...
Stacy Alvarez is investing $381,500 in a fund that earns 11% interest compounded annually. Click here to view factor tables What equal amounts can Stacy withdraw at the end of each of the next 16 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Yearly withdrawals $ Chris Inc. will deposit $56,600 in a 11% fund at the end of each year for 7 years beginning December 31, 2020. Click...
John Freeman is investing $8,006 at the end of each year in a fund that earns...
John Freeman is investing $8,006 at the end of each year in a fund that earns 6% interest. Click here to view factor tables In how many years will the fund be at $92,000? (Round answer to 0 decimal places, e.g. 45.) Years Newman Quincy wants to withdraw $30,000 each year for 8 years from a fund that earns 4% interest. Click here to view factor tables How much must he invest today if the first withdrawal is at year-end?...
Steve Madison needs $212800 in 10 years. Click here to view factor tables How much must...
Steve Madison needs $212800 in 10 years. Click here to view factor tables How much must he invest at the end of each year, at 10% interest, to meet his needs?
Leon Jackson invests $37,500 at 10% annual interest, leaving the money invested without withdrawing any of...
Leon Jackson invests $37,500 at 10% annual interest, leaving the money invested without withdrawing any of the interest for 10 years. At the end of the 10 years, Leon withdraws the accumulated amount of money. Compute the amount Leon would withdraw assuming the investment earns simple interest. (Round answers to 0 decimal places, e.g. 458,581.) Compute the amount Leon would withdraw assuming the investment earns interest compounded annually. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer...
Using the appropriate interest table, answer each of the following questions. (Each case is independent of...
Using the appropriate interest table, answer each of the following questions. (Each case is independent of the others.) Click here to view factor tables What is the future value of $7,020 at the end of 7 periods at 8% compounded interest? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) The future value $enter the future value in dollars rounded to 0 decimal places eTextbook and Media Click here to view...
Leon Quincy wants to withdraw $31,500 each year for 14 years from a fund that earns...
Leon Quincy wants to withdraw $31,500 each year for 14 years from a fund that earns 9% interest. Click here to view factor tables How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.).    A) first withdraws at year end? B) First withdrawal immediately?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT