An investment product promises to pay $42,000 at the end of 10 years. If an investor feels this investment should produce a rate of return of 12%, compounded annually, what's the most the investor should be willing to pay for the investment? a) $42,000b) $15,146c) $13,523d) $130,446
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “An investment product promises to pay $42,000 at the end of 10 years. If an investor feels this investment should produce a rate of return ...” 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
In one or two sentences, describe why it is important to spend wisely.
Answers (2)
Making flash cards, summarizing information in charts and tables, and using different colored pens and highlighters are examples of which study method
Answers (1)
Assume that the City of Juneau maintains its books and records to facilitate the preparation of its fund financial statements. The city pays its employees bi-weekly on Friday. The fiscal year ended on Wednesday, June 30.
Answers (2)
Managerial accounting information for a company a. Relates to the entity as a whole and is highly aggregated b. Relates to the subunits of the entity and may by very detailed c.
Answers (1)
Which type of economy features a direct exchange of goods or services without the use of money? Question 1 options: gift economy barter economy market economy planned economy
Answers (1)
New Questions in Business
What are the problems the publishers face
Answers (1)
Nice Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Selling price $ 240 100 % Variable expenses 48 20 % Contribution margin $ 192 80 % Fixed expenses are $160,000 per month.
Answers (1)
Joe Sullivan invests $9,000 at the end of each year for 20 years. The rate of interest Joe gets is 8% annually.
Answers (1)
You have $2,000 in an account which pays 2.9% compounded annually. How many additional dollars of interest would you earn over 4 years if you moved the money to an account earning 4.4% compounded quarterly?
Answers (1)
In the Republic of Priceland, in 2009 the consumer price index was 168.00. In 2010 the index increased to 180.60. Calculate the rate of inflation in Priceland between 2009 and 2010.
Answers (1)