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

Author Question: What annual rate of return would Grandma Zoe need to earn if she deposits 1,000 per month into an ... (Read 125 times)

rl

  • Hero Member
  • *****
  • Posts: 579
on: Jul 10, 2018
What annual rate of return would Grandma Zoe need to earn if she deposits 1,000 per month into an account beginning one month from today in order to have a total of 1,000,000 in 30 years?
 
  A) 4.55
  B) 5.28
  C) 5.98
  D) 6.23

Question 2

Holders of equity have claims on both income and assets that are secondary to the claims of creditors.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

asdfghjkl;

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 10, 2018
Answer to Question 1

C

Answer to Question 2

TRUE


rl

  • Member
  • Posts: 579
Reply 2 on: Jul 10, 2018
Excellent

amandanbreshears

  • Member
  • Posts: 320
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Homeschooling has come a long way. These children are performing in a musical at the annual ... Homeschooling has come a long way. These children are performing in a musical at the annual ...
How to calculate regular payments or deposits using the annuity formula (Question 2) How to calculate regular payments or deposits using the annuity formula (Question 2)
Annual Earthquake Occurrence Annual Earthquake Occurrence
3-month-old baby in one of Rovee-Collier's memory experiments 3-month-old baby in one of Rovee-Collier's memory experiments
Outgroup role in relative rate test Outgroup role in relative rate test
Jamal plans to retire in 17 years. He is saving $2000 every start of the month in a retirement ... Jamal plans to retire in 17 years. He is saving $2000 every start of the month in a retirement ...
Video: Role of complement proteins

For a complete list of videos, visit our video library