Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. bilbo wants to have a college fund of $120000 for

Bilbo wants to have a college fund of $120000 for Frodo after 15 years. How...

60.1K

Verified Solution

Question

Finance

image
Bilbo wants to have a college fund of $120000 for Frodo after 15 years. How much does he need to invest today if his investment offers 4% return? Select one: O a. 31770 b. 66632 c. 8000 d. 11461 O . 77773

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The function f(x, y) = 10?x 2?4y 2+2x has one critical point. Find that critical point...

Basic Math
Q

2 Find the solutions to the quadratic below using completing the square x 10x 4...

Geometry
Q

Consider the function f x log z a Graph the function Tool help First click...

Basic Math
Q

A new sneaker claims that it can make athletes jump higher. A sample of 25...

Basic Math
Q

b The future value of 900 saved each year for 10 years at 7 percent...

Calculus
Q

What is the angle measure 52 48 51 equivalent to in decimal degrees Enter your...

Calculus
Q

At the beginning of the year, Poplock began a calendar-year dog boarding business called Griffs...

Accounting
Q

what are the best farm management practices, including disposal of carcasses?

Accounting
Q

Requlred Informatlon [The following information applies to the questions displayed below.] Cardio...

Accounting
Q

Skysong Company leases an automobile with a fair value of13,568 from John Simon Motors, Inc.,...

Accounting
Q

Blossom Company from time to time embarks on a research program when a special project...

Accounting
Q

Exactly 31 months ago, a financial institution entered a four-year plain-vanilla interest rate swap to...

Finance