You would like to have $50,000 saved at the end of Year 5. At the end of Year 2, you can deposit $7,500 for this purpose. If you earn 4.5 percent, how much must you deposit today to reach your goal assuming no other deposits are made?
A) $33,254.58
B) $33,108.09
C) $34,276.34
D) $34,642.28
E) $34,912.63
A) $33,254.58
Business
You might also like to view...
What does preemption of state powers mean?
What will be an ideal response?
Business
Passive voice is wrong, and you should avoid it entirely for business writing
a. true b. false
Business
Statements of fact made during the bargaining process are express warranties
Indicate whether the statement is true or false
Business
Maureen Smith is a single individual. She claims one exemption of $4,050 for herself and claims a standard deduction of $6,350. Her salary for the year was $68,800. What is her taxable income? ?
A. $53,728 B. $58,400 C. $44,384 D. $43,800 E. $56,064
Business