30 An investor will deposit $23,145 every other year beginning exactly...

80.2K

Verified Solution

Question

Finance

30
image
An investor will deposit $23,145 every other year beginning exactly two years from today and ending exactly 10 years from today in a bank account that pays interest of 4.00% p.a. The investor must also deposit $__today in order to have $500,000 in this account exactly 20 years from today. 1) 139,466.34 2) 141,056.23 3) 138,851.60 4) 136,170.59 5) 142,260.86

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