Suppose you are committed to owning a $140,000 Ferrari. You believe your mutual fund can achieve an annual rate of 8 percent and you want to buy the car in 7 years. How much must you invest today to fund this purchase assuming the price of the car remains Constant?

a.. $74, 208.16
b. $81, 688.66
c. $87, 911.08
d. $98, 019.82
e. $99, 446.60

What is the difference between secure bonds and naked bonds?

Salaries are $4,500 per week for five working days and are paid weekly at the end of the day fridays. the end of the month falls on a thursday. the accountant for dayton company made the appropriate accrual adjustment and posted it to the ledger. the balance of salaries payable, as shown on the adjusted trial balance, will be a (assume that there was no beginning balance in the salaries payable account.)

The – effect means tommy's – will shift because he has less purchasing power. as a result, he may choose the regular-size steak instead of the larger "hunter's portion" he prefers. the – effect means tommy may spend some of the money he saved by ordering the smaller steak to order a bigger salad.