Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. calculate the amount of money lisa had to deposit

Calculate the amount of money Lisa had to deposit in an investment fund growing at...

70.2K

Verified Solution

Question

Finance

image

Calculate the amount of money Lisa had to deposit in an investment fund growing at an interest rate of 2.50% compounded annually, to provide her daughter with $12,500 at the end of every year, for 3 years, throughout undergraduate studies

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

Why do you think the influence of Greek art persevered over time?

Psychology
Q

A point charge of q? = 4.00 x 10^-5C is separated by a distance of...

Physics
Q

Find the exact value of tan sin 7 12 13 00 B

Basic Math
Q

A mortgage balance of 29 000 is to be repaid over a 15 year term...

Basic Math
Q

Based on the following data would Ann and Carl Wilton receive a refund or owe...

Calculus
Q

A company issues $5,000,000, 6%, 10-year bonds to yield 8% on January 1, 2017. Interest...

Accounting
Q

1. Following is an inventory acquisition schedule for ABC CO. for 2020: Units Unit Cost...

Accounting
Q

The represented sweeping changes to the tax code and reframed the computation of employee income...

Accounting
Q

Complete this question by entering your answers in the tabs below. Due to a strike...

Accounting
Q

10. It is the responsibility of the board of directors to a) ensure...

Accounting
Q

Explain the Requirements philosophy

Accounting
Q

A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July...

Accounting