Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. 1. dr. j. wants to buy a dell computer which will

1. Dr. J. wants to buy a Dell computer which will cost $3,400 six years...

50.1K

Verified Solution

Question

Finance

1. Dr. J. wants to buy a Dell computer which will cost $3,400 six years from today. He would like to set aside an equal amount at the end of each year in order to accumulate the amount needed. He can earn 8% annual return. How much should he set aside? Use Appendix C. (Round "FV Factor" to 3 decimal places and your final answer to 2 decimal places.

Multiple Choice

  • $513.47

  • $563.47

  • $463.47

  • $438.47

2. The IF for the future value of an annuity is 14.164 at 11% for 9 years. If we wish to accumulate $27,000 by the end of 9 years, how much should the annual payments be? Use Appendix C. (Round "FV Factor" to 3 decimal places.)

Multiple Choice

  • $1,906

  • none of these

  • $2,182

  • $2,682

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

figure 1 Gigatons CO equivalent Carbon dioxide concentration 400 390 380 52 370 50 48...

Biology
1.2K views

How do eukaryotes use chromatin remodeling to regulate transcription? Why have some cancers been shown to...

Chemistry
1.2K views

If 2.46 g of Ar are added to 2.75 atm of He in a 2.00...

Geometry
1.2K views

What is the measure of the largest angle of a triangle having sides of length...

Basic Math
1.2K views

Simplify a 45 x 4 b 55 x 53 0

Algebra
1.2K views

The total cost of a pair of pants and a jacket was 59 01 If...

Accounting
1.2K views

Boulder Corporation uses estimated direct labor hours of 200 comma 500200,500 and estimated manufacturing overhead...

Accounting
1.2K views

Hardhat Construction Company has a contract to construct a $4,500,000 bridge at...

Accounting
1.2K views

Schedule M1 Part c2 Assume Univex is a corporation operating in a state without...

Accounting
1.2K views

TB MC Qu.04-109(Algo) Garza Company had sales... Garza Company had sales of $144,200,...

Accounting
1.2K views

Texas Corp. had 480,000 shares of common stock outstanding on January 1, issued 900,000 shares...

Accounting
1.2K views

Jackpot Mining Company operates a copper mine in central Montana. The company paid $1,600,000 in...