This topic contains a solution. Click here to go to the answer

Author Question: You want to have $14,521 at the end of four years. How much do you have to invest today to ... (Read 30 times)

xclash

  • Hero Member
  • *****
  • Posts: 681

Question 1

You have just won $50,000 on your Scratch and Win ticket, but you won't be awarded the money until your 40th birthday, 20 years from now. If the appropriate discount rate is 15%, what is the present value of your winnings?
◦ $3,055.01
◦ $3,513,27
◦ $2,656.53
◦ $3,048.78
◦ $3,067.49

Question 2

You want to have $14,521 at the end of four years. How much do you have to invest today to accumulate that total if you can earn 6% compounded annually?
◦ $11,501.99
◦ $12,192.11
◦ $11,524.60
◦ $11,287.51
◦ $11,853.46


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by xclash on Apr 25, 2021

ApricotDream

  • Sr. Member
  • ****
  • Posts: 336
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 55% of students answer this correctly




xclash

  • Member
  • Posts: 681
Reply 2 on: Apr 25, 2021
Thanks for the timely response, appreciate it


hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Excellent

 

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

For a complete list of videos, visit our video library