subject
Social Studies, 23.12.2021 23:50 vickygloom

46.Mr. & Mrs. Pribel wish to purchase a boat in 8 years when they retire. They are planning to purchase the boat using proceeds from the sale of their property which is currently worth $90,000 and its value is growing at 7 percent a year. The boat is currently worth $200,000 increasing at 5 percent per year. In addition to the value of their property, how much additional money should they deposit at the end of each year in an account paying 9 percent annual interest in order to be able to buy the boat upon retirement?

ansver
Answers: 3

Another question on Social Studies

question
Social Studies, 21.06.2019 20:30
Which best describes the idea behind the "invisible hand"? producers decide what to make for consumers, which guides the economy. individuals seeking their own self interest benefit the economy as a whole. government sets policy for producers and consumers, which guides the economy. consumers decide what they need and want to buy, which guides the economy.
Answers: 1
question
Social Studies, 22.06.2019 18:30
Arecent challenge to the european union created by a member state is?
Answers: 1
question
Social Studies, 23.06.2019 11:30
What might the temperature be during a severe winter
Answers: 1
question
Social Studies, 23.06.2019 19:00
Which of the following statements is true regarding adolescent ethnicity and self-esteem? select one: a. teens of all ethnicities in the u.s. are likely to experience a brief increase in self-esteem as they transition into early adolescence. b. teens of all ethnicities in the u.s. are likely to experience a drop in self-esteem as they transition from childhood to early adolescence. c. ehtnic minority teens in the u.s. are likely to experience a drop in self-esteem as they transition from childhood to early adolescence.
Answers: 2
You know the right answer?
46.Mr. & Mrs. Pribel wish to purchase a boat in 8 years when they retire. They are planning to p...
Questions
question
Mathematics, 05.11.2019 00:31
question
Mathematics, 05.11.2019 00:31
question
Social Studies, 05.11.2019 00:31
question
Mathematics, 05.11.2019 00:31
Questions on the website: 13722367