Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. question 1 3 pts billy and sally just won $105,000

Question 1 3 pts Billy and Sally just won $105,000 in the California Lottery. They...

60.1K

Verified Solution

Question

Finance

image
Question 1 3 pts Billy and Sally just won $105,000 in the California Lottery. They spent $30,000 on a new Lexus vehicle, and invest the rest in an investment earning 4.75% compounded annually. They will sell the investment in six years to use for a downpayment on their dream home. How much will they have for that dream home in six 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

a baseball player bats a ball straight up with an initial speed of 109 miles. it reaches...

Basic Math
Q

Males are more often affected by sex linked traits than females because males are hemizygous...

Biology
Q

Emma says that for f(x) = 8,000(0.95)*, the exponential growth is 0.95 and the y-intercept...

Basic Math
Q

Find the mean median and mode Round to the nearest tenth when necessary 3 4...

Algebra
Q

PB 16. Prepare an adjusted trial balance from the following account information, and also considering...

Accounting
Q

Question: Beirut Rifles Inc. produces and distributes different kinds of guns. The information below about...

Accounting
Q

P8-11 (Static) Analyzing and Recording Entries Related to a Change in Estimated Life and Residual...

Accounting
Q

! Required information [The following information applies to the questions displayed below.] ...

Accounting
Q

= Homework: Chapter 17-1 Question 7, T117-2 (simil... Part 1 of 5 HW Score: 77.86%,...

Accounting
Q

Please include a T-account with trail marks. Explain any complicated steps. On April 1,...

Accounting
Q

Help me please... Sam's Subs purchased a delivery van on January 1, 2013, for $35,000....

Accounting
Q

nasib Question 4 TOS SODS a) Find the duration of a 6% coupon bond making...

Finance