Dr Nick

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About Dr Nick

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Art & Design,Computer Science See all
Art & Design,Computer Science,Engineering,Information Systems,Programming Hide all
Teaching Since: May 2017
Last Sign in: 340 Weeks Ago
Questions Answered: 19234
Tutorials Posted: 19224

Education

  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Business & Finance Posted 19 Jul 2017 My Price 10.00

The car will cost $54,626 at that time

(FV and PV of a Single Amount Non-Annually)

Question 4 

Stephen plans to purchase a car 2 years from now. The car will cost $54,626 at that time. Assume that Stephen can earn 5.89 percent (compounded monthly) on his money. How much should he set aside today for the purchase?

Round the answer to two decimal places.

 

Answers

Dr Nick
(4)
Status NEW Posted 19 Jul 2017 09:07 AM My Price 10.00

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