Solved

Use the Tables to Determine the Answers to the Following

Question 42

Essay

Use the tables to determine the answers to the following:
(1)How much must be invested now for 5 periods at 6% to amount to $15,000?
(2)How much is $3,000 invested now at 8% in 8 periods worth?
(3)How much is $25,000 compounded semi-annually at 12% for 4 years? Use the tables to determine the answers to the following: (1)How much must be invested now for 5 periods at 6% to amount to $15,000? (2)How much is $3,000 invested now at 8% in 8 periods worth? (3)How much is $25,000 compounded semi-annually at 12% for 4 years?        Use the tables to determine the answers to the following: (1)How much must be invested now for 5 periods at 6% to amount to $15,000? (2)How much is $3,000 invested now at 8% in 8 periods worth? (3)How much is $25,000 compounded semi-annually at 12% for 4 years?        Use the tables to determine the answers to the following: (1)How much must be invested now for 5 periods at 6% to amount to $15,000? (2)How much is $3,000 invested now at 8% in 8 periods worth? (3)How much is $25,000 compounded semi-annually at 12% for 4 years?        Use the tables to determine the answers to the following: (1)How much must be invested now for 5 periods at 6% to amount to $15,000? (2)How much is $3,000 invested now at 8% in 8 periods worth? (3)How much is $25,000 compounded semi-annually at 12% for 4 years?

Correct Answer:

verifed

Verified

(1)$11,205...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents