Find the amount that should be set aside today to yield

Assignment Help Finance Basics

Reference no: EM13285465

Find the amount that should be set aside today to yield the desired future amount

Future amount needed: $14,000

Interest rate: 4%

Compounding period: quarterly

Investment time: 3 years

Present value of $1.00 at 4% compounded 12 times = 0.62460

Reference no: EM13285465

Questions Cloud

What is its hang time : A football is punted with an initial velocity of 28.7 m/s and an initial angle of 54.1o. What is its hang time

Explain what is its solubility at 25 °c and 1370 torr : At 25 °C and 775 Torr, carbon dioxide has a solubility of 0.0347 M in water. What is its solubility at 25 °C and 1370 Torr

Calculate the time of flight of the dart : You are practicing throwing darts in your dorm. You stand 3.33 m from the wall on which the board hangs. Calculate the time of flight of the dart

How much interest was earned : Find the future value of an ordinary annuity of $8000 paid semiannually for six years at 6% annual interest compounded semiannually. How much was invested? How much interest was earned?

Find the amount that should be set aside today to yield : Find the amount that should be set aside today to yield the desired future amount.

How to prepare a buffer solution that has ammonia : How many grams of dry need to be added to 2.50 of a 0.700 solution of ammonia, , to prepare a buffer solution that has a of 8.65. for ammonia is.

How many electrons make up this charge : A sphere is charged with electrons to ?1 × 10^-5 C. How many electrons make up this charge

What revenues are projected for march : Revenue projections for the coming year are $47,500 for January and $50,000 for February. Cash receipts of $50,600 are expected in March. What revenues are projected for March?

Splash soft drinks case study : Splash Soft Drinks Inc. (SSD) has recently achieved sales that exceeded its expectations after it introduced a new beverage that was greatly welcomed by their customers. The company is currently considering opening a new plant to which some of the pr..

User Account

All Pages