Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Management
New Topic  
mantparn mantparn
wrote...
Go to Answer
Posts: 1904
Rep: 2 0
7 years ago
Xiao Xin is planning to accumulate $40,000 by the end of 5 years by making 5 equal annual deposits. If she plans to make her first deposit today and can earn an annual compound rate of 9 percent on her investment, how much must each deposit be in order to accumulate the $40,000?
A) $ 6,132
B) $ 6,684
C) $23,844
D) $ 9,434
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
Read 1130 times
13 Replies
Replies
Answer verified by a subject expert
UlainUlain
wrote...
#1
Top Poster
Posts: 1013
Rep: 37 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

mantparn Author
wrote...
#2
7 years ago
*Incredible*
wrote...
#3
4 years ago
thank you
wrote...
#4
4 years ago
Best answer
wrote...
#5
3 years ago
nice to know
wrote...
#6
3 years ago
comment
wrote...
#7
3 years ago
Thanks!
wrote...
#8
3 years ago
ty
wrote...
#9
3 years ago
thanks
wrote...
#10
3 years ago
Thanks
wrote...
#11
3 years ago
thanks
wrote...
#12
3 years ago
thank you!
wrote...
#13
3 years ago
Thank you
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1254 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 211
  
 244
  
 615
Your Opinion
What's your favorite coffee beverage?
Votes: 274
Previous poll results: Which 'study break' activity do you find most distracting?