The New York Soccer Association would like to accumulate 10,000 ...

[Pea0909berry]

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

[Tonyam972]

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]

Thanks for the timely response, appreciate it

[kusterl]

Excellent