Raina wants to save money to buy a motorcycle. She invests in an ordinary annuity that earns 2.4 % interest , compounded monthly. Payments will be made at the end of each month. How much money will she need to pay into the annuity each month for the annuity to have a total value of $5000 after 3 years? Do not round intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of finandial formulas.
Answers: 1
Another question on Business
Business, 21.06.2019 18:30
Why should organizations be allowed to promote offensive, violent, sexual, or unhealthy products that can be legally sold and purchased?
Answers: 3
Business, 22.06.2019 06:00
List three careers that require knowledge of science. list three careers that require the use of of math. list three careers that require the use of foreign language. list three careers that require the use of good writing skills. list three careers that require the use of good computer skills.
Answers: 3
Business, 22.06.2019 09:40
Alpha industries is considering a project with an initial cost of $8 million. the project will produce cash inflows of $1.49 million per year for 8 years. the project has the same risk as the firm. the firm has a pretax cost of debt of 5.61 percent and a cost of equity of 11.27 percent. the debt–equity ratio is .60 and the tax rate is 35 percent. what is the net present value of the project?
Answers: 1
You know the right answer?
Raina wants to save money to buy a motorcycle. She invests in an ordinary annuity that earns 2.4 % i...
Questions
Mathematics, 21.04.2021 23:50
Mathematics, 21.04.2021 23:50
Mathematics, 21.04.2021 23:50
Social Studies, 21.04.2021 23:50
Mathematics, 21.04.2021 23:50
Mathematics, 21.04.2021 23:50
Business, 21.04.2021 23:50
English, 21.04.2021 23:50
Mathematics, 21.04.2021 23:50
Mathematics, 21.04.2021 23:50
