Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. algebra
  3. if we need $45,000 saved in 10 years, how much as

If we need $45,000 saved in 10 years, how much as a lump sum would...

60.1K

Verified Solution

Question

Algebra

image

If we need $45,000 saved in 10 years, how much as a lump sum would we need to invest today at 9% compounded monthly?

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The random variable x is normally distributed with a mean of 68 and a standard deviation...

Statistics
Q

Give a step by step description of the physics and mathematics needed to calculate the trajectory...

Physics
Q

(a) Have you ever visited an amusement park and taken a ride on a parachute drop...

Physics
Q

A laser has a wavelength of 581 nm. A grating and a lens are used...

Physics
Q

and 115 The axis of symmetry of the ring is same to that of the...

Physics
Q

For a given binomial distribution use normalization to approximate the binomial 7 6 a Use...

Statistics
Q

Consider the following function f x 2x a 0 n 3 0 x 0 2...

Calculus
Q

Determine whether the statement is true or false g x g 2 X 2 If...

Calculus
Q

Maxwell?'s Mayonnaise uses a process costing system to determine its? product's cost. The last of...

Accounting
Q

On January 2, 2021, Sheridan Company issued at par $2080000 of 6% convertible bonds. Each...

Accounting
Q

Problem 1 Construction company LA has a contract to build a house; He has made...

Finance
Q

Computing Depreciation for Partial Years is to record depreciation for the portion of the year...

Accounting