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USPshnik [31]
2 years ago
15

If you wish to accumulate $150,000 in 10 years, how much must you deposit today in a bank account that pays an annual interest r

ate of 12%
Business
1 answer:
Leni [432]2 years ago
4 0

Answer:

PV= $48,295.99

Explanation:

Giving the following information:

Future Value (FV)= $150,000

Number of periods (n)= 10 years

Interest rate (i)= 12% = 0.12

<u>To calculate the initial investment (PV), we need to use the following formula:</u>

PV= FV / (1+i) n

PV= 150,000 / (1.12^10)

PV= $48,295.99

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Explanation:

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Researchers have ridden alongside motorcycle enthusiasts to understand the relationship between riders and their beloved Harley-
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Answer:

c. ethnographic

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2 years ago
The financial statements of Weston Office Supply include the following​ items:20172016Cash​ $43,500​ $50,000Shortminus−term Inve
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Answer:

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The computation of the current ratio is shown below

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where,

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So, the ratio would equal to

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