Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. algebra
  3. if we need $45,000 saved in 10 years, how much as

If we need $45,000 saved in 10 years, how much as a lump sum would...

60.1K

Verified Solution

Question

Algebra

image

If we need $45,000 saved in 10 years, how much as a lump sum would we need to invest today at 9% compounded monthly?

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

3 2 0 1 2 1 4 1 Graph of f 5 2 5 The...

Calculus
Q

How would you describe bulk density of soil to a non-scientist? Include some examples of bulk...

Biology
Q

EX 1 A uniform rod of length 4 m weighs 50 N 1m of the...

Physics
Q

Question If you want to produce an open top box from a 16 in by...

Calculus
Q

Evaluate the following integral Ax dx

Calculus
Q

Because of seasonal fluctuations, Noble Corporation has a problem determining the unit cost of the...

Accounting
Q

Inventory Valuation under Absorption Costing and Variable Costing At the end of the first year...

Accounting
Q

3. value: 10.00 points As of the end of...

Accounting
Q

es un fabricante de maceteros grandes para ambientes urbanos. La empresa tiene estos estndares: ...

Accounting
Q

14. Charles Gilbert, a corporate executive, incurred business-related expenses during the current year which were...

Accounting
Q

Desai Industries is analyzing an average-risk project, and the following data have been developed. Unit...

Finance
Q

BOND RETURNS Last year Janet purchased a $1,000 face value corporate bond with an 7%...

Finance