subject
Business, 04.04.2020 05:50 ashleyaparicio876

Yumi's grandparents presented her with a gift of $19,000 when she was 9 years old to be used for her college education. Over the next 8 years, until she turned 17, Yumi's parents had invested her money in a tax-free account that had yielded interest at the rate of 2.5%/year compounded monthly. Upon turning 17, Yumi now plans to withdraw her funds in equal annual installments over the next 4 years, starting at age 18. If the college fund is expected to earn interest at the rate of 3%/year, compounded annually, what will be the size of each installment

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 00:00
Choose the list of the best uses for word processing software. lists, resumes, writing a book, and payroll data letters to your friends, resumes, spreadsheets, and school papers resumes, cover letters, databases, and crossword puzzles book reports, letters to your friends, resumes, and contracts
Answers: 2
question
Business, 22.06.2019 09:40
Alpha industries is considering a project with an initial cost of $8 million. the project will produce cash inflows of $1.49 million per year for 8 years. the project has the same risk as the firm. the firm has a pretax cost of debt of 5.61 percent and a cost of equity of 11.27 percent. the debt–equity ratio is .60 and the tax rate is 35 percent. what is the net present value of the project?
Answers: 1
question
Business, 22.06.2019 11:00
Acoase solution to a problem of externality ensures that a socially efficient outcome is to
Answers: 2
question
Business, 22.06.2019 17:00
Serious question, which is preferred in a business? pp or poopoo?
Answers: 1
You know the right answer?
Yumi's grandparents presented her with a gift of $19,000 when she was 9 years old to be used for her...
Questions
question
Mathematics, 22.01.2021 01:00
question
Mathematics, 22.01.2021 01:00
question
Mathematics, 22.01.2021 01:00
question
English, 22.01.2021 01:00
question
Mathematics, 22.01.2021 01:00
question
Mathematics, 22.01.2021 01:00
question
Mathematics, 22.01.2021 01:00
question
Mathematics, 22.01.2021 01:00
Questions on the website: 13722367