Suppose you are committed to owning a $196,000 Ferrari. If you believe your mutual fund can achieve an annual rate of return of 12 percent and you want to buy the car in 9 years on the day you turn 30, how much must you invest today? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose you are committed to owning a $196,000 Ferrari. If you believe your mutual fund can achieve an annual rate of return of 12 percent ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A licensee is working with an investor who is interested in purchasing a small apartment complex. The property has six units rented at $1100 per month.
Answers (1)
A process with no beginning work in process, completed and transferred out 35,000 units during a period and had 14,000 units in the ending work in process that were 50% complete.
Answers (2)
Under Multicollinearity A. the OLS estimator cannot be computed. B. two or more of the regressors are highly but not perfectly correlated. C. the OLS estimator is biased. D. there is a perfect linear relationship among two or more covariates.
Answers (1)
Voters primarily rely on what in partisan elections? A. Single issues that candidates align with B. Individual candidate qualifications C. Party identification D. Candidate demographics
Answers (1)
The Maurer Company has a long-term debt ratio of. 60 and a current ratio of 1.20. Current liabilities are $940, sales are $5,120, profit margin is 9.30 percent, and ROE is 16.90 percent. What is the amount of the firm's net fixed assets?
Answers (1)
New Questions in Business
Which of the following types of business usually has the fastest inventory turnover? furniture store hardware store store that sells consumer electronics grocery store
Answers (2)
A Gantt chart is a horizontal bar chart that shows each work activity on a separate line with the bar placed from the early start date to the early finish date for each activity on a timescale. 1. True 2. False
Answers (1)
You run a small auto service shop. Your fixed expenses per week are $1,000 and your average customer invoice is $500 with an associated marginal cost of $300. What is your weekly break-even quantity?
Answers (1)
Frontera Company's output for the current period results in a $20,000 unfavorable direct labor rate variance and a $10,000 unfavorable direct labor efficiency variance.
Answers (1)
A Lorenz curve showing perfect equality in the distribution of income: A) coincides with the horizontal axis. B) coincides with the vertical axis. C) is a straight line with a 45-degree angle. D) is a curve bowed to the southwest.
Answers (1)