Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. shane wants to invest money in an investment accou

Shane wants to invest money in an investment account paying 10% interest compounding semiannually. Shane...

50.1K

Verified Solution

Question

Accounting

Shane wants to invest money in an investment account paying 10% interest compounding semiannually. Shane would like the account to have a balance of $130,000 three years from now. How much must Shane deposit to accomplish his goal

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

Accounting
1.2K views

Khloe’s Boys produces and sells three models of action figuresrepresenting the athletes and celebrities...

Statistics
1.2K views

When and how do we split stems for a stem and leaf plot?

Biology
1.2K views

In humans, brown eyes are dominant over blue eyes. A blue-eyed child has the genotypeBbBBbbeither...

Physics
1.2K views

50 Velocity of sound waves in air is 330 m sec For a particular sound...

Calculus
1.2K views

By Faraday s Law if a conducting wire of length meters moves at velocity v...

Calculus
1.2K views

Differentiate the following function r t 6te 5tln t tsin t

Calculus
1.2K views

A company plans to manufacture a rectangular box with a square base an open top...

Accounting
1.2K views

Hermun has come to you with the rest of his tax information in order to...

Accounting
1.2K views

In pricing menu items, Coquitlam Grill restaurant uses the contribution margin pricing system. Maria Stevens,...

Accounting
1.2K views

CC8-3 (book/static) Question Help Explain the five elements that are part...

Accounting
1.2K views

Selected financial data for Channel Co. is provided below: ($ in millions) Sales $ 50,000...

Accounting
1.2K views

I need a income statement, retained earnings for the year, and balance sheet. ...