Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. you would like to have $90,000 in cash to buy a ne

You would like to have $90,000 in cash to buy a new ride when you...

80.2K

Verified Solution

Question

Accounting

You would like to have $90,000 in cash to buy a new ride when you graduate in three years. Approximately how much must you deposit at the end of each of the next 12 quarters to have $90,000 cash on the day you make your 12th and final deposit if interest is 16% compounded annually?


You just won $1,000,000 in the Power Ball Lottery. You will receive $40,000 per year for each of the next 25 years beginning one year from today. If the appropriate rate is 14% compounded annually, approximately.


What are your winnings worth today?

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 engineers wants to check the strength of hollow rectangular section of size 20 cm X...

Civil Engineering
Q

Toflokpo-Crane is new company that specializes in designing and manufacturing small-scale automatic jib cranes for moving heavy...

Mechanical Engineering
Q

Use the data table below to answer the next 4 questions note the table will...

Physics
Q

A long straight conductor carrying current I is fixed on a smooth plane A circular...

Physics
Q

Two dice are rolled What is the probability P sum is 3 1 4 12...

Basic Math
Q

Describe the intervals on which the function f(x) = ln |x| is continuous. Are they...

Statistics
Q

Journal entries for an account payable denominated in Mexican Pesos ($US weakens) Assume that your...

Accounting
Q

Last year (2016), Simmons Company installed new factory equipment. The owner of the company, Gene...

Accounting
Q

PLEASE answer. I will give a good rate Problem 13-23 (Algo) Make or...

Accounting
Q

P.E.N. Exploration has a total face value of $1649000 in zero-coupon bonds outstanding, which are...

Finance
Q

P9-1 Calculating Payback [LO2] What is the payback period for the following set of cash...

Finance
Q

1. Outline the organization structure you chose for the company and the reason for the...

Finance