Suppose that you would like to put money in an account today to make sure your younger sibling has enough money in 10 years to buy a car. If you would like to give your sibling $20,000 in 10 years, and you know you can get 5% interest per year from a savings account during that time, how much should you put in the account now
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose that you would like to put money in an account today to make sure your younger sibling has enough money in 10 years to buy a car. ...” 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
Two basic determinants of investment spending are: A. Consumer spending and government spending B. Expected returns and real interest rate C. General price level and the level of output D. Domestic trade and international trade
Answers (1)
A. Imagine you are planning a party for 100 people that will happen one year from now. Your party will include a dinner for the guests and some sort of entertainment (such as music or live performers). You are responsible for planning the event.
Answers (1)
Whats the purpose of balancing or monitoring your check account
Answers (1)
in a mass production of machining the cutting speeds are 100,200, 300 ft./minute and the corresponding production rates (P) are 8,12 and 10 parts per hour respectively.
Answers (1)
How is the economic way of thinking more than just money, budgets, and the stock market? *Some good terms to consider when composing your answer are scarcity, choices, costs, and benefits. 2-5 sentences.
Answers (1)
New Questions in Business
Write a persuasive answer to the question: should the minimum wage be raised? support your answers with details from the wall street journal articles, and chapters 9 and 10 of economics: principles in action, or any other activity from unit 3.
Answers (1)
You want to restrict data entry to whole numbers greater than 100. what do you create to enforce this data-entry restriction
Answers (1)
Suppose that the inverse demand equation is p = 100 minus 2Q and the supply equation is p = 2Q. If the price is controlled at $60 , this is a price floor.
Answers (1)
Steelcase Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assembles filing cabinets in an Assembly Department.
Answers (1)
On October 1, Sam's Painting Service borrows $150,000 from National Bank on a 3-month, $150,000, 4% note.
Answers (1)