Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you want to have $10,218 at the end of 8 years. ho

You want to have $10,218 at the end of 8 years. How much do you...

80.2K

Verified Solution

Question

Finance

image
image
You want to have $10,218 at the end of 8 years. How much do you have to invest today to accumulate that total if you can earn 7.9% compounded annually? D Question 8 1 pts A real estate agent wants you to buy a plot of land today for $60,000 and he promises that you can sell it back to him in 7 years for $100,000. you can earn 9% on alternative Investments, then what is the present value of the sales proceeds? Is this a worthwhile investment? O $54.703.42, it is not a worthwhile Irvestment O $54,700.42: It is a worthwhile investment $61.294 51: It is not a worthwhile investment $61.294 51: It is a worthwhile investment $60.000: not enough information is provided

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

Medical Sciences
1.2K views

Which is not a feature of the resting potential? a. is close to -70mV (inside negative). b. is...

Biology
1.2K views

QUESTION 57 Imagine a community with a biodiversity of 25 species. One species is hunted to...

Geometry
1.2K views

Find the length of the hypotenuse of a right triangle with legs of 18 cm...

Basic Math
1.2K views

Determine the value of k for which the system has no solutions k x y...

Basic Math
1.2K views

By a Pythagorean triple, we call a triple of positive integers a, b, c such...

Statistics
1.2K views

The paper Turning to Learn Screen Orientation and Reasoning from Small Devices describes a study...

Calculus
1.2K views

f x e x and the x axis on the interval 0 In2 about the...

Algebra
1.2K views

Express 2 i in simplest a bi form

Accounting
1.2K views

A subsequent event is an event that occurs after a reporting period, but before the...

Accounting
1.2K views

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

Accounting
1.2K views

Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job...

Finance
1.2K views

Some has assets of 194947, a net worth of 117263, and an annual income of...