How much money must you pay into an account at the beginning of each of 20 years in order to
have $10,000 at the end of the 20th year? Assume that the account pays 12% per year, and round to
the nearest $1.
A) $111 B) $139 C) $1,195 D) $124
D
Business
You might also like to view...
Why do capital investment decisions require consideration of the time value of money?
Business
Taguchi's quality loss function should be centered on the ________
Fill in the blanks with correct word
Business
The death of a customer immediately revokes a bank's authority to pay an item
Indicate whether the statement is true or false
Business
If a corporation sells certain capital equipment for more than their initial purchase price, the difference between the sale price and the purchase price is called a(n) ________
A) ordinary gain B) revenue gain C) capital gain D) abnormal gain
Business