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Natali5045456 [20]
4 years ago
14

You will receive $15,000 in two years when you graduate. You plan to invest this at an annual interest rate of 6.5%. How much mo

ney will you have 8 years from now?
a. $24,824.94.
b. $19,381.16.
c. $21,887.13.
d. $23,209.19.
e. $20,414.73.
Business
1 answer:
Sunny_sXe [5.5K]4 years ago
8 0

Answer:

FV= $21,887.13

Explanation:

Giving the following information:

Initial investment= $15,000

Number of periods= 6 years

Interest rate= 6.5% compounded annually

T<u>o calculate the future value of the investment, we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 15,000*(1.065^6)

FV= $21,887.13

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because their already known

Explanation:

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Tom Jordan is a manager for a McDonald's restaurant. Many of his key responsibilities include analyzing data and making key deci
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Explanation:

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Which of the following items is a major principle pertaining to selection under the Americans with Disabilities Act?
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A) It is unlawful to use criteria that will screen out individuals with disabilities unless the criteria are consistent with a business necessity.

Explanation:

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3 years ago
In the​ prisoners' dilemma​ game, each player​ _______. A. chooses the best outcome for the other player B. chooses the best out
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Answer:

The correct answer is option C.

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That is their individual rational decision will lead to collective irrationality because of noncooperation.

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3 years ago
An analyst wants to estimate the yield to maturity on a non-traded 4-year, annual pay bond rated A. Among actively traded bonds
bezimeni [28]

Answer:

3.8%

Explanation:

3 year bonds yielding 3.2%

6 year bonds yielding 5.0

Annual pay bond 4 years

Yielding bond+[(Annual pay bond- Bonds years)/bond years]×(Yielding bond-Yeilding bonds)

Let plug in the formula

Interpolating: 3.2% + [(4 - 3) / (6 - 3)] × (5.0% - 3.2%)

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Interpolating: 3.2% + [(4 - 3) / (6 - 3)] × (5.0% - 3.2%) =3.8%

In this case the analyst should estimate a YTM for the non-traded bond that is closest to: 3.8%

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