Your grandfather started his own business 52 years ago. He opened an investment account at the end of his third month of business and contributed $x. Every three months since then, he faithfully saved another $x. His savings account has earned an average rate of 5.73 percent annually. Today, his account is valued at $289,209.11. How much did your grandfather save every three months assuming he saved the same amount each time?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Your grandfather started his own business 52 years ago. He opened an investment account at the end of his third month of business and ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
In the context of data administration component, the acronym crud stands for copy, revise, undo, and define.
Answers (1)
Woodward Corporation reported pretax book income of $1,417,500. Included in the computation were favorable temporary differences of $300,000, unfavorable temporary differences of $106,500, and favorable permanent differences of $192,000.
Answers (1)
Living at home could save you money while enrolled in post secondary school or training because ... it reduces costs of tuition. it reduces costs of transportation. it reduces costs of books and supplies. it reduces costs of room and board.
Answers (2)
It is common for supermarkets to carry both generic (store-label) and brand-name (producer-label) varieties of sugar and other products.
Answers (1)
Each business day, on average, a company writes checks totaling $12,900 to pay its suppliers. The usual clearing time for the checks is four days.
Answers (1)
New Questions in Business
Off-Line Co. has 9,000 units in beginning finished goods. The sales budget shows expected sales to be 36,000 units. If the production budget shows that 42,000 units are required for production, what was the desired ending finished goods?
Answers (1)
g resh bought 1,000 shares of Ibis Corporation stock for $5,600 on January 15, 2017. On December 31, 2019, she sold all 1,000 shares of her Ibis stock for $4,800.
Answers (1)
The last stage of the new-product development process is
Answers (1)
Divided Fantastic Frames sells its frames for $15 per unit. Variable costs total $6 per unit, and fixed costs total $90,000. If Fantastic Frames increases sales by
Answers (1)
A trade show is usually focused on what? a. an employer b. an industry c. a school d. a craft
Answers (1)