Top Posters
Since Sunday
New Topic  
jccruz jccruz
wrote...
Posts: 151
Rep: 0 0
3 months ago

Jackie wants to purchase a lakeside condo in Cuba, MO, in 20 years. Jackie will invest in a mutual fund earning 8% compounded semiannually. How much will she need to deposit today in that fund to purchase her $100,000 lakeside condo?

Note: Round your answer to the nearest cent.

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
Author:
Read 30 times
1 Reply
Replies
Answer verified by a subject expert
dreamkheidreamkhei
wrote...
Posts: 138
Rep: 0 0
3 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

jccruz Author
wrote...

3 months ago
Brilliant
wrote...

Yesterday
Just got PERFECT on my quiz
wrote...

2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1238 People Browsing
Related Images
  
 342
  
 195
  
 277
Your Opinion