Multiple Choice
Steve MacIntosh would like to have $20,000 in 5 years time to start his own business.The amount that MacIntosh would have to invest today,assuming an interest rate of 8% compounded quarterly,in order to reach his goal is:
A) $13,612.00
B) $29,386.00
C) $79,854.00
D) $13,459.43
Correct Answer:
Verified
Correct Answer:
Verified
Q70: Dan Short invested $7,000 on October 1,2009,and
Q71: When an investment loses money,the amount of
Q72: Frank Gatta invested $15,0000 in a bank
Q73: Ivan Valentine made $4,000 on an investment
Q74: The present value on April 1,2010 of
Q76: If you are loaning money,which of the
Q77: How will the present value of a
Q78: Explain how inflation risk,business risk,and liquidity risk
Q79: You have just purchased a new BMW
Q80: Central Metals,Inc.is considering investing in a silver