How much will Roy have to invest today

Reference no: EM131796959

Problem: Roy Gross is considering an investment that pays 7.00 percent. How much will he have to invest today so that the investment will be worth $29,000 in six years? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to the nearest penny.)

Reference no: EM131796959

Questions Cloud

Conduct a regression analysis on the prior year data : Conduct a regression analysis on the prior year data. What independent variable (clients or employees) is a better predictor of total company cost?

Describe the disclosure requirements for investment in debt : Describe the disclosure requirements for investments in debt and equity securities.

Photography works weddings and prom-type parties : Preparing financial statements Click a Pix Photography works weddings and prom-type parties. The balance of Adams, Capital was $26,000

Calculate the full deduction for the casualty : In this situation is the full deduction for the casualty, after the normal floors, available to the tax payer? why or why not?

How much will Roy have to invest today : Roy Gross is considering an investment that pays 7.00 percent. How much will he have to invest today so that the investment will be worth $29,000 in six years?

Segment margin ratio of the r-200 product line : What is the segment margin ratio of the R-200 product line?

Cost data on the manufacture of leather belts : In order to provide cost data on the manufacture of leather belts in the Kajang factory to top management, calculate the following amounts for the month

How much amount will Jeremy have saved : Jeremy Denham plans to save $2,100 every year for the next eight years, starting today. At the end of eight years, Jeremy will turn 30 years old and plans.

What should vera do and why : An employee of Vera Corporation has found some partially completed units of Model 2003 in a dusty corner of the warehouse.

Reviews

Write a Review

Required(*) Message

Finance Basics Questions & Answers

Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages