Ask Question
BusinessBusiness
22 January, 19:56

You expect to receive $5,000 at graduation one year from now. Your plan is to invest this money at 6.5 percent, compounded annually, until you have $50,000. At that time, you plan to travel around the world. How long from now will it be until you can begin your travels? Group of answer choices

+3
Answers (1)
  1. 22 January, 20:26
    0
    A. She will earn the same amount of interest each year. B. She could have the same future value and invest less than $2,000 initially if she could earn more than 6.5 percent interest
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You expect to receive $5,000 at graduation one year from now. Your plan is to invest this money at 6.5 percent, compounded annually, until ...” 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
An investment advisor has recommended a $50,000 portfolio containing assets A, B, and C: $25,000 will be invested in A with an expected return of 12%; $10,000 will be invested in B with an expected return of 18%;
Answers (1)
Which of the following statements is false? Multiple Choice Prepaid insurance is a deferred expense. Prepaid insurance represents a future economic benefit. Prepaid insurance is shown on the income statement.
Answers (1)
There are two categories of cash flows: single cash flows, referred to as "lump sums," and annuities. Based on your understanding of annuities, answer the following questions.
Answers (1)
Which of the following is an example of a time-bound goal?
Answers (1)
Mai and Chuck have been divorced since 2012. They have three boys, ages 6, 8, and 10. All of the boys live with Mai and she receives child support from Chuck. Mai and Chuck both work and the boys need child care before and after school.
Answers (1)
New Questions in Business
At a four-way stop, if two cars arrive at the intersection at the same time: A) the larger car has the right of way B) the vehicle on the right yields to the vehicle on the left C) the smaller car has the right of way D) the vehicle on the left
Answers (1)
Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. The seller announced that the highest bid in excess of $10,000 will be accepted.
Answers (1)
Zappos, the online shoe and clothing marketer, promises free shipping and free returns on any of its products, no questions asked. This is an example of how Zappos has a strong competitive advantage through
Answers (1)
Based on the corporate valuation model, the total corporate value of chen lin inc. is $900 million. its balance sheet shows $110 million in notes payable, $90 million in long-term debt, $20 million in preferred stock, $140 million in retained
Answers (1)
Larry's lizards and ronaldo's reptiles are competing pet store franchises. both are considering opening a store in the small town of turtleville.
Answers (1)
Home » Business » You expect to receive $5,000 at graduation one year from now. Your plan is to invest this money at 6.5 percent, compounded annually, until you have $50,000. At that time, you plan to travel around the world.
Sign Up Forgot Password?