Anew mother wants to establish a college education fund for her newborn child. she wants this fund to be worth $100,000 in 18 years. a. if she invests $75 per month, what is the minimum rate of return she would need to earn on her investment? assume monthly compounding. (hint: consider using the future value function fv( ) in your spreadsheet.) round your answer to one decimal place.
Answers: 3
Another question on Business
Business, 21.06.2019 21:00
Do you think a travel organization company might be able to get less expensive airline tickets then you as an individual could get? (no less then 25 words)
Answers: 1
Business, 22.06.2019 03:00
Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance
Answers: 1
Business, 22.06.2019 03:10
On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.
Answers: 3
Business, 22.06.2019 18:50
)a business incurs the following costs per unit: labor $125/unit, materials $45/unit, and rent $250,000/month. if the firm produces 1,000,000 units a month, calculate the following: a. total variable costs b. total fixed costs c. total costs
Answers: 1
You know the right answer?
Anew mother wants to establish a college education fund for her newborn child. she wants this fund t...
Questions
English, 01.12.2020 03:10
Mathematics, 01.12.2020 03:10
Social Studies, 01.12.2020 03:10
Mathematics, 01.12.2020 03:10
Mathematics, 01.12.2020 03:10
Mathematics, 01.12.2020 03:10
Social Studies, 01.12.2020 03:10
Mathematics, 01.12.2020 03:10
Mathematics, 01.12.2020 03:10
Mathematics, 01.12.2020 03:10
