How much money must you pay into an account at the beginning of each of 30 years in order to have $10,000 at the end of the 30th year? Assume that the account pays 11% per annum, and round to the nearest $1
A) $39
B) $46
C) $50
D) None of the above
Answer: D
You might also like to view...
What is the purpose of the purchase requisition?
Employees that assist with administrative work at all levels of the firm are called:
A) data workers. B) knowledge workers. C) operational management. D) service workers. E) senior managers.
Beckham Corporation has 3,000 shares of $100 par value, 7 percent cumulative preferred stock, and 10,000 shares of $10 par value common stock outstanding during its first five years of operation. Beckham Corporation paid cash dividends as follows: 2006, $30,000; 2007, $0; 2008, $65,000; 2009, $30,000; 2010, $15,000 . The amount of dividends received by the common stockholders during 2009 was
a. $11,000. b. $13,000. c. $9,000. d. $15,000.
Pablo, a resident of New Mexico, while driving through Arizona was struck by a SUV driven by Dick, a resident of California. Dick was speeding when the accident happened and Pablo suffered severe injuries that ruined a potential acting career. Pablo's damages are estimated at $200,000 . Discuss the court system(s) in which Pablo may bring a lawsuit