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

Author Question: If you want to have 12,500 in 57 months, how much money must you put in a savings account today? ... (Read 81 times)

PhilipSeeMore

  • Hero Member
  • *****
  • Posts: 561
on: Jul 11, 2018
If you want to have 12,500 in 57 months, how much money must you put in a savings account
  today? Assume that the savings account pays 4.5 and it is compounded quarterly; round to
  nearest 1.
 
  A) 10,387 B) 8,459 C) 11,129 D) 10,106

Question 2

Effective budgeting in an expense area will lead to a zero variance at year end.
 
  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

wilsonbho

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jul 11, 2018
Answer to Question 1

D

Answer to Question 2

TRUE


PhilipSeeMore

  • Member
  • Posts: 561
Reply 2 on: Jul 11, 2018
Excellent

skipfourms123

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

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

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Dred Scott and his wife and children are featured on the cover of Frank Leslie’s Illustrated Newspap Dred Scott and his wife and children are featured on the cover of Frank Leslie’s Illustrated Newspap
An infant begins to notice the external environment by the age of 4 to 8 months An infant begins to notice the external environment by the age of 4 to 8 months
Economics Today: The Micro View, 19th Edition Economics Today: The Micro View, 19th Edition
A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ... A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ...
You deposit $2000 each year into an account earning 4% interest compounded annually. How much ... You deposit $2000 each year into an account earning 4% interest compounded annually. How much ...
A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ... A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ...
Video: Introduction to Human Immunodeficiency Virus (HIV)

For a complete list of videos, visit our video library