Maurice Tutor

(5)

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 3 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 17 Aug 2017 My Price 5.00

one lump sum

A woman would like to open a store in 8 years. She figures she will need 50,000 in capital to do so. She will make 10% on her money. a. How much would she need to invest today in one lump sum to end up with 50000 in 8 years? I got 23,325.25 b. if she's starting from scratch how much would she have to put away annually to accuulate the needed capital in 8 years? I got 1247.82 c. how about if she already has 10,000 put away, how much would she have to put away to accumulate the needed capital in 8 years? --This is the one I am stuck on. Also check my previous answers, they seem right but IDK. Thanks for any input!

Answers

Maurice Tutor
(5)
Status NEW Posted 17 Aug 2017 08:08 PM My Price 5.00

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