Find the investment amount

Reference no: EM1349338

Mark wants to buy a new car in 3 years. The car is expected to cost 80,000 in 3 years. If Mark can find an investment yielding 12% over the 3 year period, how much would we have to invest now in order to accumulate $80,000 at the end of the 3 years?

Reference no: EM1349338

Questions Cloud

Describe kinds of pc applications skills : Describe in scholarly detail the kinds of PC applications skills which important for working within a major organization? Also put yourself in the shoes of a manager and share your thoughts.

Explanation of predetermined overhead rate : Williams Inc. estimated overhead to be $440000 and direct labor hours to be 100,000 for the year. Actual direct labor ended up being 120,000. Actual overhead for the year amounted for $500,000. What is the predetermined overhead rate?

Explain the labor supply chain approach : Explain The labor supply chain approach is based on the notion that the best match is of people with the skills and experiences that most closely correspond to the task that needs to be done

Process and viewpoint of a client : She said she believed in helping others, however she stopped doing this last year because she feels that it feeds into the corrupt system of welfare.

Find the investment amount : Mark wants to buy a new car in three years. The car is expected to cost 80,000 in 3 years. If Mark can find an investment yielding 12% over the three year period,

Computing revenue and cost : Jillian Architecture Company does custom architectural designs for individuals and corporations. The company employs two assistants, who are paid $30 per hour.

Importance of enabling skills in project management : Explain in scholarly detail and relate your thoughts on the term "enabling skills" and give a relationship to importance of project management.

Elucidate the dynamics through which an increase : Elucidate the dynamics through which an increase in the stock of money affects real output and the price level in the short run.

Describe financial ratios : You have been given financial statements and asked to analyze financial performance of your division. Other managers have suggested you use financial ratios in your analysis.

User Account

All Pages