What is the future value, To save for her newborn son's

What is the future value

Reference no: EM13260261

To save for her newborn son's college education, Lea Wilson will invest $1,000 at the beginning of each year for the next 18 years. The interest rate is 12 percent. What is the future value?

1) $7,690
2) $34,931
3) $63,440
4) $55,750

Reference no: EM13260261

Questions Cloud

Write identifying and describing how information is used : 1. Write, identifying and describing how information is used and how it flows in an organization

What coupon rate should the company set : Coccia Co. wants to issue new 16-year bonds for some much-needed expansion projects. The company currently has 8 percent coupon bonds on the market that sell for $1,065, make semiannual payments, and mature in 16 years.

What is the current share price : what is the current share price? (Hint: Calculate the first four dividends.) (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Current share price $

Deletions in a separate chaining hash table : A large number of deletions in a separate chaining hash table can cause the table to be fairly empty, which wastes space. In this case, we can rehash to a table half as large.

What is the future value : To save for her newborn son's college education, Lea Wilson will invest $1,000 at the beginning of each year for the next 18 years. The interest rate is 12 percent. What is the future value?

Business requirements drove the system''s initial development : Discuss how the business requirements drove the system's initial development. Describe the type and basic uses of the system, how the system has helped the organization, and any likely future development plans.

Between interpersonal roles-informational roles : Between Interpersonal roles, Informational roles and Decisional roles which of roles following from this list are more important than others? How so?

What is the value of its current stock price : What is the value of its current stock price? Assuming that the discount rate is 8%.

Compute the electric field : Two parallel plates of 0.5m high and 0.2m wide are a distance 0.25m apart. What is the Capacitance of the system. compute the Electric field

User Account

All Pages