Anticipate making single lump sum investment

Assignment Help Business Economics

Reference no: EM131169485

Your employer has anticipated needing $60,000 in two and a half years to finance the purchase of a new lathe. If they anticipate making a single lump sum investment today into a savings account that will return 12% interest compounded continuously, how much money do they need to invest?

Reference no: EM131169485

Questions Cloud

How much does this corporation pay per quarter on this loan : A large Corporation constructed a small office building for their firm approximately 5 years ago. They financed it with a bank loan for $450,000 over 15 years at 6% interest with quarterly payments and quarterly compounding. The loan can be repaid at..

Discussed several different pricing tactics : In chapter 15, we discussed several different pricing tactics aimed at consumers. Which of these do you respond most favorably to? Why? How might this be impacted by the type of consumer (lifestyle, demographics, etc.)? (marketing class)

Association is interested in starting new scholarship fund : The Texas Tech alumni association is interested in starting a new scholarship fund for incoming students. Each scholarship will be $500 and they anticipate funding 10 students each year. All scholarships are awarded at the end of the year. The organi..

When marginal cost is minimum and output level : David’s total variable cost function has been calculated to be TVC = 100Q + 30Q² - Q³, where Q is the number of units of output. When marginal cost is a minimum, what is the output level? When average variable cost is a minimum, what is the output l..

Anticipate making single lump sum investment : Your employer has anticipated needing $60,000 in two and a half years to finance the purchase of a new lathe. If they anticipate making a single lump sum investment today into a savings account that will return 12% interest compounded continuously, h..

Pines is driving to meet with prospective customer : On a business trip, Mr. Pines is driving to meet with a prospective customer. Mr. Pines notices that the gas tank is almost empty. The"GasGun" app in his iPhone says the least expensive gas station is about 15 miles away. A gas station closer to his ..

Nash equilibrium in mixed strategies. : In the Battle of the Sexes game, Man likes to go to watch football, while Woman likes to go to the mall. Both of them would rather go together than go alone. They decide to show up to one of these places without contacting each other. A game like thi..

Taking the present bulldozer in trade : A construction company purchased a bulldozer 5 years ago for $150K. It has been depreciated to a book value of $50K. The Caterpillar Company salesman has proposed replacing it with a new model for $160K. and taking the present bulldozer in trade for ..

Product package is often considered silent salesperson : A product’s package is often considered a “silent salesperson.” It is the last marketing effort before consumers make a selection in the store. One model that is used to evaluate a product’s package is the view model: visibility, information, emotion..

User Account

All Pages