You have a goal of having $270,000 four years from today. The return on the investment is expected to be 8% and will be compounded semi-annually. The amount that needs to be invested today is closest to: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor (s) from the tables provided.)
A) $180,000.
B) $197,989.
C) $135,000.
D) $197,289.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You have a goal of having $270,000 four years from today. The return on the investment is expected to be 8% and will be compounded ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Currency is? A. an adjective for current economic news B. Stocks and bonds C. paper bills and coins D. government-issued bank checks.
Answers (1)
The reason so many firms suffer aggressive, margin-eroding competition is because they've defined themselves according to operational effectiveness rather than strategic positioning; Who said this?
Answers (1)
Suppose that lenders want to receive a real rate of interest of 5 percent, and that they expect inflation to remain steady at 2 percent in the coming years. Based on this, lenders should charge a nominal interest rate of: a. 2 percent. b. 3 percent.
Answers (1)
A favorable cost variance occurs when actual costs are more than standard costs standard costs are more than actual costs standard costs are less than actual costs actual costs are the same as standard costs
Answers (1)
What happens to the percentage of tax as the income that is taxed?
Answers (1)
New Questions in Business
Cash $ 14,000 Accounts payable $ 42,000 Receivables 70,000 Other current liabilities 28,000 Inventories 210,000 Total CL $ 70,000 Total CA $294,000 Long-term debt 70,000 Net fixed assets 126,000 Common equity 280,000 Total assets $420,000 Total liab.
Answers (1)
An employment test for men is used by a police department to find successful candidates. A woman who was denied employment with the police department based on her test scores sues the police chief.
Answers (1)
What is a great marketing strategy
Answers (2)
Ralph owns a small pizza restaurant, where he works full-time in the kitchen. his total revenue last year was $100,000, and his rent was $3,000 per month.
Answers (1)
According to the market theory of wage determination, under what circumstances will wages for a paticular group be highest? A. When there is now demand for this type of labor. B. When demand is high and supply is low. C.
Answers (1)