« previous next »

Author Question: You want 20,000 in 5 years to take your spouse on a second honeymoon. Your investment account earns ... (Read 60 times)

yoooooman

  • Hero Member
  • *****
  • Posts: 557
on: Jul 11, 2018
You want 20,000 in 5 years to take your spouse on a second honeymoon. Your investment account
  earns 7 compounded semiannually. How much money must you put in the investment account
  today? (Round to the nearest 1.)
 
  A) 14,178 B) 13,349 C) 12,367 D) 15,985

Question 2

For qualified tax-deferred retirement plans, taxes
 
  A)
 
  never become due.
  B)
 
  become due only if the retiree dies.
  C)
 
  become due when the funds are withdrawn from the retirement fund.
  D)
 
  become due only at age 65.
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
Buy Test-Bank


wtf444

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jul 11, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
Correctly administering and interpreting an intelligence test is a skill that takes many years for ... Correctly administering and interpreting an intelligence test is a skill that takes many years for ...
Toddler: 1–3 years. Toddler: 1–3 years.
Reaction 3: The Second Investment of ATP Reaction 3: The Second Investment of ATP
Life Cycle Nutrition: Toddlers through the Later Years Life Cycle Nutrition: Toddlers through the Later Years
Carbon Dioxide Concentrations for 400,000 years Carbon Dioxide Concentrations for 400,000 years
Video: Apicomplexan life cycle Animation

For a complete list of videos, visit our video library