This topic contains a solution. Click here to go to the answer

Author Question: How much does Ralph need to invest today to have $150,000 in five years if he will earn 8% interest ... (Read 84 times)

soccerdreamer_17

  • Hero Member
  • *****
  • Posts: 552

Question 1

Given some amount to be received several years in the future, if the interest rate increases, the present value of the future amount will be
◦ higher.
◦ lower.
◦ stay the same.
◦ cannot tell.
◦ variable.

Question 2

How much does Ralph need to invest today to have $150,000 in five years if he will earn 8% interest compounded quarterly on his investment? (Round to the nearest whole dollar)
◦ $100,946
◦ $102,041
◦ $101,351
◦ $73,171
◦ $105,453


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by soccerdreamer_17 on Apr 25, 2021

mceravolo

  • Sr. Member
  • ****
  • Posts: 349
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 55% of students answer this correctly




soccerdreamer_17

  • Member
  • Posts: 552
Reply 2 on: Apr 25, 2021
YES! Correct, THANKS for helping me on my review


emsimon14

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

There are more bacteria in your mouth than there are people in the world.

For a complete list of videos, visit our video library