(Answered) Andy promises to pay opie 5000 when opie graduates from

Economics

Andy promises to pay Opie ?$5,000 when Opie graduates from Mayberry University in 15 years. How much must Andy deposit today to make good on his? promise, if he can earn 3?% on his? investments?

How much must Andy deposit today to make good on his promise??

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M92686300
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Economics

Suppose for the 3rd year in a row the harvest of wheat in

Suppose for the 3rd year in a row, the harvest of wheat in the US continues to decline. Imports are being used to make up the shortages in the US. In addition the US government decides to establish a price ceiling to hel ...

Elasticity questionplease show work very elementary im

Elasticity question Please show work very elementary I'm having a hard time understanding. Find e=dq/dp*p/q at profit maximizing given the following: Qd = 12 - 4p TC = 8-12q + 3q^2

The following is historical data on the us dollar -

The following is historical data on the U.S. dollar - Canadian dollar exchange rate: date U.S./Canadian Canadian/U.S. 1/20/2016 0.68 1.46 9/6/2018 0.76 1.32 Calculate the percentage change in the exchange rate over this ...

A manufacture makes makes two models of an item model 1

A manufacture makes makes two models of an item. Model 1 which accounts for 89% of unit sales, and model 2, which accounts for 11% of unit sales. Because of defects the manufacture has to replace (or exchange) 11% of its ...

Babies weighing less than 55 pounds at birth are considered

Babies weighing less than 5.5 pounds at birth are considered "low-birth-weight babies." In the United States, 7.6% of newborns are low-birth-weight babies. The following information was accumulated from samples of new bi ...

Asset management ratios corn products corp ended the year

Asset Management Ratios Corn Products, Corp. ended the year 2008 with an average collection period of 32 days. The firm's credit sales for 2008 were $10.7 million. What is the year-end 2008 balance in accounts receivable ...

The ages of commercial aircraft are normally distributed

The ages of commercial aircraft are normally distributed with a mean of 13.5 years and a standard deviation of 8.3821 years. What percentage of individual aircraft have ages between 10 years and 16 years? Assume thata ra ...

A 1000 utility bond with 14 years remaining before maturity

A $1000 utility bond with 14 years remaining before maturity can now be purchased for $760. It pays interest of $20 each 6-month period. What rate of return is earned by purchasing the bond at the current market price pl ...

Based on your understanding of elasticity will the

Based on your understanding of elasticity, will the elasticity of demand for Honda sedans increase, decrease, or remain the same when each of the following events occurs? Explain your answer. a. Other car manufacturers, ...

A local postal carrier distributes first-class letters

A local postal carrier distributes first-class letters, advertisements, and magazines. For a certain day, she distributed the following number for each type of item. Delivered to First Class Letters Ads Magazines Home ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert