Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. greg wants to have $150,000 available to fund his

Greg wants to have $150,000 available to fund his daughter Nicoles university education in 16...

80.2K

Verified Solution

Question

Finance

Greg wants to have $150,000 available to fund his daughter Nicoles university education in 16 years. If interest rates are 3.5%, how much does he have to deposit in his account today to meet his goal

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

Expound on a holistic view of exchange rate determination. Address the technical, efficiency and fundamental views...

Finance
Q

Taxpayer is considering the following investment. Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Cash income produced 4,000 11,000 20,000 23,000 25,000 30,000 Cash expenses 1,000 5,000 6,000 8,000 8,000 10,000 Expenses...

Accounting
Q

How much carbon dioxide is produced from the complete aerobic catabolism of one molecule of linoleate...

Biology
Q

47) Receptors seeing stimuli is ___________, which means nothing until the brain accomplishes ___________. A) perception; sensation                 B) sensation; motivation             C) motivation; perception                 D) sensation;...

Medical Sciences
Q

How many (group) homomorphisms are there from Z20 onto (surjective to) Z8. How many are...

Advance Math
Q

The director of the IRS has been flooded with complaints that people must wait more than...

Basic Math
Q

What became true in the 1960 s for most of America during the Vietnam War...

Biology
Q

Three identical resistors R R and R3 are connected as shown in figure When the...

Physics
Q

The power dissipated in an electric circuit is given by the expression P RI2 where...

Algebra
Q

Problem 8-8A (Algo) Record contingencies (LO8-5) Dinoco Petroleum faces three potential contingency situations, described below....

Accounting
Q

Loring Company had total sales of $2,400,000 for fiscal 20X1. The costs of quality-related activities...

Accounting
Q

PART B IS b) Compute the cost of goods destroyed, assuming that the gross profit...

Accounting