1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ratling [72]
2 years ago
14

Marshall has received an inheritance and wants to invest a sum of money today that will yield $4,300 at the end of each of the n

ext 10 years. Assuming he can earn an interest rate of 5% compounded annually, how much of his inheritance must he invest today
Business
1 answer:
anastassius [24]2 years ago
7 0

Answer:

$2,639.83  

Explanation:

The value expected in the next 10 years is known as the future value while the amount to be invested today is the present value amount, hence, using the formula below which relates the present value to the future value, we can determine the present value as appropriate:

PV=FV/(1+r)^n

PV=present value=the unknown

FV=future value=$4,300

r=rate of return=5%

n=number of years that investment would last =10

PV=$4,300/(1+5%)^10

PV=$4,300/1.05^10

PV=$4,300/1.62889463

PV=$2,639.83  

You might be interested in
What is a drug cartel
Leni [432]

<em>Answer:</em>

<em>A drug cartel is a criminal organization with the intention of supplying drug trafficking operations. They range from loosely managed agreements among various drug traffickers to formalized commercial enterprises.</em>

<em></em>

3 0
2 years ago
ABC Company issues a 3-year bond with a $1,000 Face Value and a 5% Coupon Rate, with coupons paid once a year at the end of ever
AlekseyPX

Answer:

yield to maturity = 9.78%

Explanation:

yield to maturity = {coupon + [(face value - market value) / n]} / [(face value + market value) / n]]

YTM =  {$50 + [($1,000 - $913) / 2]} / [(($1,000 + $913) / 2]] = $93.50 / $956.50 = 0.09775 = 9.78%

The yield to maturity represents the total rate of return that an investor should receive if he/she holds a bond until it matures.

3 0
3 years ago
This assignment requires the application of your understanding of how the federal budget deficit affects economic variables.
SVEN [57.7K]

The  impact of a federal budget deficit on interest rates and the trade balance is that it can bring about the  inflow of foreign financial capital as well as a better exchange rate.

<h3>How can budget deficit have effect on trade balance?</h3>

When there is a stronger exchange rate there will be a little bit difficult for all the  exporters that want to sell their goods to foreign countries,  and at this time the imports will become cheaper.

In this case, trade deficit  will definitely bring about  an inflow of foreign financial capital as well as a good exchange rate.

Learn more about budget deficit on:

brainly.com/question/1083134

#SPJ1

7 0
1 year ago
You have a gross lease. Your rent is $1,000 per month. Taxes and maintenance total $500 per month. What is your total
kirill115 [55]

Answer:

Your total monthly payment would be 1,500 dollars.

Explanation:

7 0
2 years ago
Land and other real estate held as investments by endowments in a government's permanent fund should be reported at
VashaNatasha [74]

Complete Question:

Land and other real estate held as investments by endowments in a government’s permanent fund should be reported at

Group of answer choices

A. Historical cost.

B. Fair value less costs of disposal.

C. Fair value.

D. The lower of cost and net realizable value.

Answer:

C. Fair value.

Explanation:

Land and other real estate held as investments by endowments in a government's permanent fund should be reported at fair value of the reporting date except for the exception of life insurance contract, external investment pool, money market investment etc.

The fair value can be defined as the actual or real value of an asset, security, product or item in financial accounting.

5 0
2 years ago
Other questions:
  • Assume net income was $210,000, depreciation expense was $6,200, accounts receivable decreased by $11,500, and accounts payable
    8·1 answer
  • Workers who have the skills to operate machines and who require a minimum amount of training are
    15·1 answer
  • Andersen Major has five strategic business units (SBUs)—technology, fashion, food and beverage, consumer products, and electroni
    8·2 answers
  • What techniques do you use to focus your time and resources?
    6·1 answer
  • SNC is considering evaluating the payment profile of its customer base, especially focusing on customers who are chronically del
    12·1 answer
  • Harold, a delivery man, washes and irons his own shirts. Sarah, his boss, sends her clothes to a laundry. Which is the most plau
    5·1 answer
  • On February IN , Marshak's investment account has a balance Of $19,800. He deposited ,200 on April I and $2,600 on May l . He wi
    10·1 answer
  • A defense contractor has been able to summarize its total annual fixed costs as $100,000 and the total variable cost per unit of
    14·1 answer
  • Which of the following is a BAD budgeting strategy to use if you want to save money at the grocery
    14·1 answer
  • The inventory costing method that identifies each item in ending inventory with a specific purchase and invoice is the:______.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!