Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. darin wants to set aside money to go on a cruise t

Darin wants to set aside money to go on a cruise that costs $4,000 in...

50.1K

Verified Solution

Question

Finance

Darin wants to set aside money to go on a cruise that costs $4,000 in 4 years. He can invest in a bond that matures in 4 years with an interest of 6%. How much should he invest to be ready for the cruise?

Group of answer choices

3,168.37

3,768.74

4,000

3,920.99

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Know the origin/insertion/action of the following : zygomaticus major, masseter

Medical Sciences
Q

For the following: 1) Identify the genotypes of the parents 2) Complete a Punnett Square &...

Biology
Q

Graffiti Advertising, Inc., reported the following financial statements for the last two years. 2019 Income Statement   Sales $ 573,200   Costs of...

Finance
Q

Calculate the percent by mass of the element listed first in the formulas for each of...

Chemistry
Q

planes of lengths and 2s from state of rest as shown in figure The relation...

Physics
Q

Cost Cost Number 9 8 17 3 37 8 10 6 19 7 38 2...

Statistics
Q

Determine which of A B and C are equal before evaluating two decimal places 2...

Calculus
Q

-l

Accounting
Q

14. The following information relates to the Smith Company for 2002: ...

Accounting
Q

colecting and sorting mail The company expects so produce 480 units in Juty and 400...

Accounting
Q

Required information [The following information applies to the questions displayed below.] Allied...

Accounting
Q

8-15. Cedar Falls Menswear is considering the addition of a line of shirts and ties....

Finance