Business, 17.03.2021 23:40, naysia2006

You have just deposited $14,000 into an account that promises to pay you an annual interest rate of 7.1 percent each year for the next 7 years. You will leave the money invested in the account and 15 years from today, you need to have $38,750 in the account. What annual interest rate must you earn over the last 8 years to accomplish this goal?

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 11:40, ayoismeisalex

In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a. esther lost her job and begins looking for a new one. b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work. c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.

Answers: 2

continue

Business, 22.06.2019 20:40, shaunalab

Helen tells her nephew, bernard, that she will pay him $100 if he will stop smoking for six months. helen was hopeful that if bernard stopped smoking for six months, he would stop altogether. bernard stops smoking for six months but then resumes his smoking. helen will not pay him. she says that the type of promise she made cannot constitute a binding contract and that, furthermore, it was at least implied that he would stop smoking for good. can bernard legally collect $100 from helen

Answers: 1

continue

Business, 23.06.2019 02:30, HTKPenguin

Zendor company wants to have $200,000 available in august 2021 to make an equipment purchase. to be able to have this amount available, zendor will make equal annual deposits in an investment account earning 12% annually in june 2017, 2018, 2019, 2020, and 2021. what is the dollar amount that must be deposited each of those years to achieve this objective?

Answers: 3

continue

Business, 23.06.2019 06:50, maya8909

How is a federal loan different from a private loan for an education? a federal loan is available for any student who meets the government's lending standards. a private loan is only available for students who show a need. a federal loan is only available for students who show a need. a private loan is available for any student who meets the bank's lending standards. a federal loan can only be used to pay for a student's tuition. a private loan can be used to pay for a student's tuition and any other expenses. a federal loan can be used to pay for a student's tuition and any other expenses. a private loan can only be used to pay for a student's tuition.

Answers: 1

continue

Do you know the correct answer?

You have just deposited $14,000 into an account that promises to pay you an annual interest rate of...