« previous next »

Author Question: You want 20,000 in 5 years to take your spouse on a second honeymoon. Your investment account earns ... (Read 30 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  become due when the funds are withdrawn from the retirement fund.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?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Earth’s history spans 4.5 billion years. Geologists and paleontologists have pieced together the his Earth’s history spans 4.5 billion years. Geologists and paleontologists have pieced together the his
The basalt below the hominins is dated to 1.8 million years ago, and the geomagnetic polarity of the The basalt below the hominins is dated to 1.8 million years ago, and the geomagnetic polarity of the
Changes in Synaptic Density From Birth to Age 2 Synaptic connections increase throughout the first Changes in Synaptic Density From Birth to Age 2 Synaptic connections increase throughout the first
A sidewheeler on the Mississippi. In 1856 Samuel Clemens became an apprentice to a steamboat pilot a A sidewheeler on the Mississippi. In 1856 Samuel Clemens became an apprentice to a steamboat pilot a
Review of Health and Illness over the Adult Years Review of Health and Illness over the Adult Years
An overlapping record extends back thousands of years of tree ring width An overlapping record extends back thousands of years of tree ring width
Video: Carpal Tunnel Syndrome

For a complete list of videos, visit our video library