You would like to travel in South America 5 years from now, and you can save $3,100 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 8.5% per year. Under these conditions, how much would you have just after you make the 5th deposit, 5 years from now?
A. $18,369
B. $19,287
C. $20,251
D. $21,264
E. $22,327
Answer: A
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In a sale of oranges from Citrus Farm to Juice Factory Inc. to be delivered after the harvest, a fire destroys the fruit before it is picked. Under the UCC, the rights and liabilities of Citrus and Juice in this circumstance are generally determined by
A. the right of ownership. B. who has title. C. the concepts of identification and risk of loss. D. all of the choices.
What is stakeholder theory?
What will be an ideal response?
Which one of the following is most likely to be a product for which both the purchasing decision and the brand decision are strongly influenced by reference groups?
A. Canned peaches B. Instant coffee C. Jeans D. Furniture E. Soap
Your parents plan to spend $20,000 on a car for you upon graduation from college. If you will graduate in three years and your parents can earn 4.125% annually on their investment, how much money must they set aside today for your car?
A) $20,000 B) $17,704 C) $17,716 D) $16,387