Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you are scheduled to receive $40,000 in two years.

You are scheduled to receive $40,000 in two years. When you receive it, you will...

70.2K

Verified Solution

Question

Finance

image
You are scheduled to receive $40,000 in two years. When you receive it, you will invest it for 5 more years at 6.5 percent per year. How much will you have in 7 years? Multiple Choice $62,159.46 $44,940.70 $52,063.29

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

Finance
1.2K views

Tyson Iron Works is about to go public. It currently has aftertax earnings of $5,200,000, and...

Finance
1.2K views

QUESTION 1 - Present Value – 20 marks You have approached your organisation’s bank for a...

Medical Sciences
1.2K views

The blood contains numerous components, each with its own function: Choose a component of the blood, and...

Chemistry
1.2K views

I don't know to do ii) for letter a, as well as letter d, e and...

Advance Math
1.2K views

hzhshs assume that X is normed linear space let A is a subset of X prove that: if A...

General Management
1.2K views

ABC company has recently developed a smart robotic system (SRS) used for disinfecting tasks as a...

Physics
1.2K views

nitial charges on both the capacitors are CV Find change in potential energy of both...

Physics
1.2K views

An isoscles right angle tunel ABO is made inside the earth from suraceof earth to...

Basic Math
1.2K views

lework Question Part 1 ack Fitzgerald wishes to purchase a used car th 12 000...

Algebra
1.2K views

For f x 5x 4 and g x 2x 3 find the following functions a...

Accounting
1.2K views

Chapter 13: Analysis of Financial Statements In horizontal analysis of an income statement, a company...

Accounting
1.2K views

Effect of Doubtful Accounts on Net Income During its first year of operations, Fisher Plumbing...