You want to open a sushi bar 3 years from now, and you plan to save $7,000 per year, beginning immediately. You will make 3 deposits in an account that pays 5.2% interest. Under these assumptions, how much will you have 3 years from today?
A. $20,993
B. $22,098
C. $23,261
D. $24,424
E. $25,645
Answer: C
You might also like to view...
The investor recognizes interest on debt securities when
a. interest amounts are received in cash, only. b. firm's board of directors declares interest, only. c. interest accrues over time. d. firm's board of directors declares interest and the interest amounts are received in cash, only. e. none of the above
What characteristics of a location make it appropriate for a press conference? Provide a specific example of a location that benefitted a press conference
What will be an ideal response?
A conservative financing approach to working capital will result in permanent current assets and some seasonal current assets being financed using long-term securities.
Answer the following statement true (T) or false (F)
Adequate distribution for a new product is often obtained by reducing the size of the profit margin for its resellers.
Answer the following statement true (T) or false (F)