Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Other Fields Homework Help Business
New Topic  
Rickos Rickos
wrote...
Go to Answer
Posts: 1281
Rep: 2 0
6 years ago
You have been accepted to study gourmet cooking at Le Cordon Bleu Culinary Institute in Paris, France. You will need $15,000 every six months (beginning six months from now) for the next three years to cover tuition and living expenses. Mom and Dad have agreed to pay for your education. They want to make one deposit now in a bank account earning 6% interest, compounded semiannually, so that you can withdraw $15,000 every six months for the next three years. How much must they deposit now?
A) $97,026
B) $73,760
C) $90,000
D) $81,258
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
Read 452 times
1 Reply
Replies
Answer verified by a subject expert
vanrheevanrhee
wrote...
#1
Top Poster
Posts: 718
Rep: 39 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here

Related Topics

Rickos Author
wrote...

6 years ago
Smart ... Thanks!
julymontalvo
wrote...

Yesterday
Thanks
Loruiz15
wrote...

2 hours ago
Correct Slight Smile TY
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1035 People Browsing
 119 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 327
  
 4423
  
 976
Your Opinion
What's your favorite math subject?
Votes: 293
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?