Author Question: What annual rate of return would Jia need to earn if she deposits 20,000 per year into an account ... (Read 132 times)

luminitza

  • Hero Member
  • *****
  • Posts: 555
What annual rate of return would Jia need to earn if she deposits 20,000 per year into an account beginning one year from today in order to have a total of 1,000,000 in 30 years?
 
  A) 2.3
  B) 3.3
  C) 1.3
  D) 4.3

Question 2

Unlike equityholders, creditors are owners of the firm.
 
  Indicate whether the statement is true or false



Alyson.hiatt@yahoo.com

  • Sr. Member
  • ****
  • Posts: 354
Answer to Question 1

B

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

For a complete list of videos, visit our video library