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Author Question: The New York Soccer Association would like to accumulate 10,000 by the end of 4 years from now to ... (Read 91 times)

Pea0909berry

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on: Jul 10, 2018
The New York Soccer Association would like to accumulate 10,000 by the end of 4 years from now to finance a big soccer weekend for its members.
 
  The Association currently has 2,500 and wishes to raise the balance by arranging annual fund-raising events. How much money should they raise at each annual fund-raising event assuming 8 percent rate of interest?

Question 2

The Sarbanes-Oxley Act of 2002 resulted in ________.
 
  A) tightened audit regulations and controls
  B) toughened penalties against overcompensated executives
  C) lenient penalties against executives who commit corporate fraud
  D) delayed disclosure of stock sales by corporate executives


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Tonyam972

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Reply #1 on: Jul 10, 2018
Answer to Question 1

Using Financial Calculator: PV= -2500, FV=10000, N=4, I=8, CPT PMT: 1464.41

Answer to Question 2

A


Pea0909berry

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Reply 2 on: Jul 10, 2018
YES! Correct, THANKS for helping me on my review

blakcmamba

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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