Thursday
March 5, 2015

Homework Help: accounting

Posted by cheryl on Friday, February 11, 2011 at 10:34pm.

V P3-10. Calculating Present Value of a Savings Fund. (Obj. 5)

Hal Thomas wants to establish a savings fund from which a community organization could draw $850 a year for 45 years. If the account earns 6 percent, Hal will have to deposit $ now to achieve this goal.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

personal finance - Hal Thomas wants to establish a savings fund from which a ...
MATH FOR LIBERAL ARTS - Maria just inherited $10,000. Her bank has a savings ...
math 141 - Maria just inherited $10,000. Her bank has a savings account that ...
calculating annuity - IF a company will generate 80,000 in annual revenue each ...
math - Djer invests $5000 each year into a mutual fund earning 6.15% compounded ...
accounting - Mr. Jones intends to retire in 20 years at the age of 65. As yet ...
math - Carlos invested his savings in two investment funds. The amount he ...
Accounting II - Does anyone know how to calculate cost of savings when ...
Algebra - Michael invested his savings in two investment funds. The amount he ...
algebra - A charitable fund's balance is modeled by y = -4.1x^2 + 7.1x + 145, ...

Members