Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. how many years do you have to wait to buy $40,000

How many years do you have to wait to buy $40,000 car with money from...

90.2K

Verified Solution

Question

Accounting

image

How many years do you have to wait to buy $40,000 car with money from an account that currently has a balance of $29,000 and pays 4 percent, compounded monthly? 7.72 years 8.39 years 7.39 years 8.05 years

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 personnel office at a large electronics firm regularly schedules job interviews and maintains records of...

Basic Math
Q

Understand the Trp and Lac operons

Biology
Q

When ADP levels are low, ___________. A Option A: there is a sustained build-up in the...

Biology
Q

A negative 18 nC charge is at the origin and a charge of 6 nC is...

Physics
Q

What does the underlinedpassage in Section 41 tell usabout Della's character?41- Jim had not yet...

Biology
Q

One environmental group did a study of recycling habits in a California community It found...

Statistics
Q

Which of the following is deductible as an other itemized deduction?...

Accounting
Q

Linden Company manufactures and sells a single product. Cost data for the product follow: Variable...

Accounting
Q

Long Question, Explanation required Comment on company's long term solvency position, using three ratios for...

Accounting
Q

On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions...

Accounting
Q

Blossom Corporation purchased, as a held-to-maturity investment, $68,000 of the 6%, 4-year bonds of Harrison,...

Accounting
Q

(Pro forma balance sheet construction) Use the following industry-average ratios to construct a pro forma...

Finance