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Author Question: You want to go to Europe6years from now, and you can save $3,800per year, beginning immediately. You ... (Read 69 times)

swande

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on: Aug 7, 2023

Question 1

You want to buy a new sports car5years from now, and you plan to save $3,900per year, beginning immediately. You will make 5 deposits in an account that pays4.2% interest. Under these assumptions, how much will you have5years from today?

◦

$22,099.00


◦

$22,654.24


◦

$23,386.95


◦

$23,156.30



Question 2

You want to go to Europe6years from now, and you can save $3,800per year, beginning immediately. You plan to deposit the funds in a mutual fund that you expect to return 8.3% per year. Under these conditions, how much will you have just after you make thesixthdeposit,6years from now?

◦

$29,986.82


◦

$28,933.49


◦

$30,419.58


◦

$30,926.49

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by swande on Aug 7, 2023

Sha

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Reply #1 on: Aug 7, 2023
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.
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swande

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Reply 2 on: Aug 7, 2023
YES! Correct, THANKS for helping me on my review

bulacsom

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Reply 3 on: Yesterday
Excellent

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