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

Author Question: The bottom line to a personal income statement is the contribution to savings figure. Indicate ... (Read 163 times)

asd123

  • Hero Member
  • *****
  • Posts: 557
on: Jul 11, 2018
The bottom line to a personal income statement is the contribution to savings figure.
 
  Indicate whether the statement is true or false

Question 2

If you wish to accumulate 200,000 in the child's college fund after 18 years, and can invest at a 7.5 annual
  rate, how much must you invest at the end of each year if the first deposit is made at the end of the first year?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cpetit11

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jul 11, 2018
Answer to Question 1

TRUE

Answer to Question 2

5,605.79


asd123

  • Hero Member
  • *****
  • Posts: 557
Reply #2 on: Jul 11, 2018
TY


cpetit11

  • Sr. Member
  • ****
  • Posts: 321
Reply #3 on: Jul 11, 2018
Happy to Help


« previous next »
 

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Three days after the Boston Marathon explosion, the FBI released this photograph that had been taken Three days after the Boston Marathon explosion, the FBI released this photograph that had been taken
Race-Ethnicity and Income Extremes Race-Ethnicity and Income Extremes
A mechanical returnless fuel system. The bypass regulator in the fuel tank controls fuel line ... A mechanical returnless fuel system. The bypass regulator in the fuel tank controls fuel line ...
Dorsiflexion of the foot with direct pressure to bottom of foot with the thumbs. Dorsiflexion of the foot with direct pressure to bottom of foot with the thumbs.
The figure shows an LR circuit with a switch and a 240-volt battery. At the instant the switch ... The figure shows an LR circuit with a switch and a 240-volt battery. At the instant the switch ...
The drum shown in the figure has a radius of 0.40 m and a moment of inertia of 2.3 kg m2about ... The drum shown in the figure has a radius of 0.40 m and a moment of inertia of 2.3 kg m2about ...
Video: Global warming and its effect on climate change

For a complete list of videos, visit our video library