You have a goal of having $270,000 four years from today. The return on the investment is expected to be 8% and will be compounded semi-annually. The amount that needs to be invested today is closest to: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor (s) from the tables provided.)
A) $180,000.
B) $197,989.
C) $135,000.
D) $197,289.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You have a goal of having $270,000 four years from today. The return on the investment is expected to be 8% and will be compounded ...” 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
A perfectly elastic demand curve a. Is a horizontal line parallel to the x axis b. Has an elasticity of demand between 0 and 1 c. Is the demand curve of a product that usually has no substitutes d. None of the above
Answers (1)
You are studying abroad in Australia for a semester. Unemployment has been creeping up and currently stands at 6%. This rate is getting a little too high for comfort, so the central bank of Australia decides to do something about it.
Answers (1)
Factory overhead is applied to jobs at the rate of 60% of direct labor cost. The actual factory overhead incurred for July was $75,000. Jobs completed during the month totaled $301,200.
Answers (1)
John and Mary have been dating for one month. Lately, Mary has been complaining that when John is around his friends he says mean things to her, but when they are alone he is a perfect gentleman.
Answers (1)
In a market system, buyers and sellers collectively decide what will be produced, and those items are then distributed to people who are willing to pay for them.
Answers (1)
New Questions in Business
The credit terms, 2/15, n/30, indicate that a: Multiple Choice two percent discount can be deducted if the invoice is paid after the fifteenth day following the sale, but before the thirtieth day.
Answers (1)
Chen runs a consulting firm that provides strategies to companies that are into space exploration. What type of business does Chen own? A. manufacturing B. merchandising C. service D. wholesale
Answers (1)
A department store has budgeted sales of 12,000 men's suits in September. Management wants to have 6,000 suits in inventory at the end of the month to prepare for the winter season. Beginning inventory for September is expected to be 4,000 suits.
Answers (1)
Identify the strengths and weaknesses of a partnership
Answers (1)
The managers of a restaurant have decided to utilize the Hawthorne effect to increase productivity, which means using cameras to film employees at work in order to isolate the parts of a job. a. True b. False
Answers (1)