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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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When sales agent jane first contacted john, after her three-month vacation to barbados, was seller john her client?
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If  sales agent jane first contacted john, after her three-month vacation to barbados. No, seller john  was not her client?

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4 0
3 years ago
Dora earns 50,000 a year at her johs. when she was given a raise of 5,000 her spending increased from 50,000 to 54,000 calvulate
weqwewe [10]
Given:
ΔY = $5,000, the change in income
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Answer:
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