Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. your rich uncle promised to give you $20,000 in tw

Your rich uncle promised to give you $20,000 in two years if you graduate from...

50.1K

Verified Solution

Question

Finance

image
Your rich uncle promised to give you $20,000 in two years if you graduate from Cal Poly by then After taking enough FRL3000o lectures you know that a wise thing to do would be to invest such a large amount of money and let it grow. And so your plan is to invest it for six more years at an annual rate of 6.8 percent. This way, eight years from today you will have. (Do not round intermediate calculations and round your answer to 2 decimal places. E.g,type 32.16 if your answer is "32 dollars and 16 cents.) Future value

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

The Andrea S. Fault Seismometer Company is an all-equity-financed firm. It earns monthly, after taxes, $24,000 on...

Statistics
1.2K views

Studies have shown that the frequency with which shoppers browse Internet retailers is related to the...

Chemistry
1.2K views

.247 grams maleic acid (molecular weight 144.13 g/mol) was mixed with .25 mL HCl, .07 grams...

Chemistry
1.2K views

Carbonic acid (H2CO3) is a weak diprotic acid with Ka1=4.43×10−7 and Ka2=4.73×10−11. When sodium bicarbonate (NaHCO3) is...

Geometry
1.2K views

A population numbers 13,000 organisms initially and decreases by 6% each year.Suppose P represents population,...

Basic Math
1.2K views

9 Find the exact value of the indicated trigonometric function of 0 given that sec...

Statistics
1.2K views

The average home price in Massachusetts is 410 000 with a standard deviation of 65...

Algebra
1.2K views

Which equation is y 6x 12x 10 rewritten in vertex form Hint graph both to...

Accounting
1.2K views

Current Atsuret in Rrosess (a)

Accounting
1.2K views

pls help A company is considering a project with the...

Accounting
1.2K views

Golf Unlimited carries an inventory of putters and other golf clubs. The sales price of...

Accounting
1.2K views

Cordova manufactures three types of stained glass windows, cleverly named Products A, B, and C....