This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Autorola plans to invest money today at an interest rate of 6 compounded annually to have 40,000 ... (Read 205 times)

Metfan725

  • Hero Member
  • *****
  • Posts: 552
on: Jul 11, 2018
Autorola plans to invest money today at an interest rate of 6 compounded annually to have 40,000 available for the purchase of a car four years from now. How much does the firm need to invest today?
 
  A) 50,499.08
  B) 36,384.52
  C) 31,683.75
  D) 9,143.66

Question 2

Which of the following is not a home equity scam?
 
  A)
 
  Equity stripping
  B)
 
  Loan flipping
  C)
 
  Red lining
  D)
 
  Bait and switch


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kardosa007

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jul 11, 2018
Answer to Question 1

C
Explanation: C) Via Calculator: N = 4, I =6, FV = 40,000, Solve for PV = 31,683.75.

Answer to Question 2

C


Metfan725

  • Member
  • Posts: 552
Reply 2 on: Jul 11, 2018
:D TYSM

Animal_Goddess

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Effects of Elevation on Heart Rate and Ventilation Effects of Elevation on Heart Rate and Ventilation
Spring force, crankcase pressure, and intake manifold vacuum work together to regulate the flow rate ... Spring force, crankcase pressure, and intake manifold vacuum work together to regulate the flow rate ...
Most drugs exhibit first-order elimination, in which the rate of drug elimination is equivalent to ... Most drugs exhibit first-order elimination, in which the rate of drug elimination is equivalent to ...
How to calculate credit card interest when the interest is compounded How to calculate credit card interest when the interest is compounded
The radius of the Sun is 6.95 × 108 m. It radiates heat at the rate of 5.32 x 10 The radius of the Sun is 6.95 × 108 m. It radiates heat at the rate of 5.32 x 10
The treasurer of a union proposes changing the method of compounding interest on premium ... The treasurer of a union proposes changing the method of compounding interest on premium ...
Video: Medullary osmotic gradient: countercurrent multiplier, urea recycling & vasa recta countercurrent exchange

For a complete list of videos, visit our video library