Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. what amount should be deposited in a bank account

What amount should be deposited in a bank account today to receive $200,000 in 6...

80.2K

Verified Solution

Question

Accounting

What amount should be deposited in a bank account today to receive $200,000 in 6 years at 10 % interest rate?

Assume semi-annually compounding.

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

identify the types of symmetry present in the polar functions. r = 2 + 3 sin (theta) r...

Basic Math
Q

In a reaction of Zn (0.53 g) & HCl what is the volume of Hydrogen gas...

Chemistry
Q

Use laplace transform in solving the ff.: After cooking for 45 minutes, when a cake is...

Advance Math
Q

6 Some natural selection has nothing to do with predation Ability to survive in harsh...

Biology
Q

Singe cell migration Collective cell migration Ameboid movement Mesenchymal movement Chemotactic response Haptotactic response Chemokinesis...

Biology
Q

8 Suppose we are told that the position of an object in meters after t...

Basic Math
Q

A fence 6 feet tall runs parallel to a tall building at a distance of...

Basic Math
Q

Decide whether the integral is improper 8 10 St sin x dx 57 x O...

Calculus
Q

Landmark Corp buys $410,000 of Schroeter Company's 8%, 5-year bonds payable,...

Accounting
Q

Which of the following is a feature that distinguishes a traditional performance budget from other...

Accounting
Q

Information concerning a product produced by Solomon Company appears as follows: $ 161 $ 89...

Accounting
Q

Question 3 of 15. A sole proprietorship that began business on May 1, 2020, incurred...

Accounting