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Homework Answers
Answer:
David will have $21,875 when he starts college
Calculations:
Future value = Period payments x Future value of ordinary annuity of $1
= $5,000 x 4.375 (future value of ordinary annuity of $1 at 6% for 4 years in the table)
= $21,875
Add Answer to:
11. David is entering high school and is determined to save money for college. David feels...
Ty is entering high school and is determined to save money for college. Ty feels he...
Ty
is entering high school and is determined to save money for
college. Ty feels he can save $2,500 each year for the next four
years from his part-time job. If Ty is able to invest at 8%, how
much will he have when he starts college?
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Ty
is entering high school and is determined to save money for
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years from his part-time job. If Ty is able to invest at 8%, how
much will he have when he starts college?
S12A-15 (similar to) Question Help • Ty is entering high school and is determined to save money for college. Ty feels he can save $2,500 each year for the next four years from...
interest rates determine the present value of future amounts.
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present value of $1 table
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let me know ASAP if this is the information you were needing
please !
More Info Lados Company operates a chain of sandwich shops Click the icon to view additional information) (Cd Read the requirements (Cid (Cic id The company is considering two possible expansion plans. Plan A would open eight smaller shops at a cost of $8.400,000. Expected annual net cash inflows are $1,500,000 for 10 years, with zero...
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