Author Question: What annual rate of return would Jia need to earn if she deposits 20,000 per year into an account ... (Read 125 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?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

For a complete list of videos, visit our video library