# Project #26690 - accounting

I believe there is 9 questions i need help on here with accounting asap

Question 2 of 20

5.0 Points

How much must you invest today at 8% interest in order to see your investment grow to \$15,000.00 in 10 years?

A. \$7,620.00

B. \$7,500.00

C. \$6,945.00

D. \$6,330.00

Question 3 of 20

5.0 Points

If your cash outflows are \$600.00 and your cash inflows are \$1,000.00, you can increase your net worth by __________ .

A. \$1,000.00

B. \$400.00

C. \$1,600.00

D. \$600.00

Question 4 of 20

5.0 Points

The state lottery has just informed you that you have won \$1 million to be paid out in the amount of \$50,000.00 per year for the next 20 years. With a discount rate of 12%, what is the present value of your winnings?

A. \$392,150.00

B. \$398,150.00

C. \$373,450.00

D. \$221,950.00

To compute how much you would need to save each year for the next 25 years to allow you to withdraw \$20,000.00 for the following 30 years, you would need to use the __________ .

A. future value of an annuity

B. present value of an annuity

C. both future and present value of an annuity

D. both present and future value of \$1.00

Question 7 of 20

5.0 Points

To save for her newborn son's college education, Kelli Peterson will invest \$1,500.00 at the end of each year for the next 18 years. The interest rate she expects to earn on her investment is 9%. How much money will she have saved by the time her son turns 18?

A. \$69,027.00

B. \$68,399.00

C. \$61,952.00

D. \$55,461.00

Cash inflows tend to be the highest in which of the following?

A. college

B. retirement

C. twenty years into a career

D. first job out of college

The concept of time value of money is important to financial decision making because __________ .

A. it emphasizes earning a return of interest on the money you invested

B. it recognizes that \$1.00 today has more value than \$1.00 received a year from now

C. it can be applied to future cash flows in order to compare different streams of income

D. all of these

Question 14 of 20

5.0 Points

Aaron wants to put \$200.00 per month into an IRA account at 15% for four years. What is he solving for using his financial calculator?

A. present value

B. future value

C. interest rate

D. payment

If you invest \$12,000.00 today at an interest rate of 10%, how much will you have in 10 years?

A. \$31,128.00

B. \$13,860.00

C. \$25,940.00

D. \$40,712.00

 Subject Mathematics Due By (Pacific Time) 04/04/2014 06:00 pm
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