menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Study Set 31
  4. Exam
    Exam 14: Time Value of Money
  5. Question
    If You Are Able to Earn a 15% Rate of Return
Solved

If You Are Able to Earn a 15% Rate of Return

Question 22

Question 22

Multiple Choice

If you are able to earn a 15% rate of return, what amount would you need to invest to have $15,000 one year from now?


A) $14,852
B) $13,125
C) $12,750
D) $13,044

Correct Answer:

verifed

Verified

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

Related Questions

Q17: Compound interest is the return on principal<br>A)only.<br>B)for

Q18: Lamb Company deposited $15,000 annually for six

Q19: If Sloane Joyner invests $10,514.81 now and

Q20: All of the following are necessary to

Q21: Present value is based on<br>A)the dollar amount

Q23: The future value of an annuity factor

Q24: McGoff Company deposits $20,000 in a fund

Q25: Pleasant Company has decided to begin accumulating

Q26: Rob Honda plans to buy a home

Q27: Perdue Company has purchased equipment that requires

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines