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

Author Question: Autorola plans to invest money today at an interest rate of 6 compounded annually to have 40,000 ... (Read 145 times)

Metfan725

  • Hero Member
  • *****
  • Posts: 552
on: Jul 11, 2018
Autorola plans to invest money today at an interest rate of 6 compounded annually to have 40,000 available for the purchase of a car four years from now. How much does the firm need to invest today?
 
  A) 50,499.08
  B) 36,384.52
  C) 31,683.75
  D) 9,143.66

Question 2

Which of the following is not a home equity scam?
 
  A)
 
  Equity stripping
  B)
 
  Loan flipping
  C)
 
  Red lining
  D)
 
  Bait and switch


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kardosa007

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jul 11, 2018
Answer to Question 1

C
Explanation: C) Via Calculator: N = 4, I =6, FV = 40,000, Solve for PV = 31,683.75.

Answer to Question 2

C


Metfan725

  • Member
  • Posts: 552
Reply 2 on: Jul 11, 2018
Gracias!

Joy Chen

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Increasing access to care for teen mothers is important because they have a higher rate of pregnancy ... Increasing access to care for teen mothers is important because they have a higher rate of pregnancy ...
Fluidization - Reaction Rate Chart Fluidization - Reaction Rate Chart
How to calculate simple interest (Part 2) How to calculate simple interest (Part 2)
Criminology Today: An Integrative Introduction Criminology Today: An Integrative Introduction
You make 4 semi-annual deposits starting at $350 and increasing at a constant rate of 2.14%. ... You make 4 semi-annual deposits starting at $350 and increasing at a constant rate of 2.14%. ...
Nick buys a $25 000, 5.4% bond with quarterly interest coupons, 3 years before maturity, to ... Nick buys a $25 000, 5.4% bond with quarterly interest coupons, 3 years before maturity, to ...
Video: Vascular tissues in a corn stem and a buttercup root

For a complete list of videos, visit our video library