Question my parents made a lump sum investment for me 50, Ask an Expert

Finance

Question: My parents made a lump sum investment for me 50 years ago at 4.4% interest rate (compounded daily). Today, they gave my kids a check in the amount of $50,000, the total proceeds from their investment. How much did my parents originally invest? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92864703

Have any Question?Write your Review or question?

Related Questions in Basic Finance

A call option on a stock has an exercise price of 3450 if

A call option on a stock has an exercise price of? $34.50. If the stock price at expiration is? $37.50, what is the option payoff for a short call? position?

You have just received a windfall from an investment you

You have just received a windfall from an investment you made in a? friend's business. She will be paying you$37,748 at the end of this? year, $75,496 at the end of next? year, and $113,244 at the end of the year after t ...

Explain why a common stock should be evaluated in a

Explain why a common stock should be evaluated in a portfolio context as opposed to being evaluated in isolation.

Liquidity ratios burts tvs has current liabilities of 258

Liquidity Ratios Burt's TVs has current liabilities of $25.8 million. Cash makes up 48 percent of the current assets and accounts receivable makes up another 28 percent of current assets. Burt's current ratio = .93 times ...

Question - comparing aprs james sprater of grand junction

Question - Comparing APRs James Sprater of Grand Junction, Colorado, has been shopping for a loan to buy a used car. He wants to borrow $18,000 for four or five years. James' credit union offers a declining-balance loan ...

Please show formula and explanationyou have decided to

Please show formula and explanation You have decided to place $553 in equal deposits every month at the beginning of the month into a savings account earning 10.62 percent per year, compounded monthly for the next 13 yea ...

Suppose your company needs to raise 63 million and you want

Suppose your company needs to raise $63 million and you want to issue 20-year bonds for this purpose. Assume the required return on your bond issue will be 5.4 percent, and you're evaluating two issue alternatives: A sem ...

Call optionnbspcarol krebs is considering buying 100 shares

Call option Carol Krebs is considering buying 100 shares of Sooner Products, Inc., at $62 per share. Because she has read that the firm will probably soon receive certain large orders from abroad, she expects the price ...

Briefly summarize the partnership business structure and

Briefly summarize the partnership business structure and the equity rights partners have, both in the context of managerial rights and ownership.

Section a discussion questions1- give two examples related

SECTION A: DISCUSSION QUESTIONS 1- Give two examples related to your discipline that you may face imbalance data in classification techniques. How you approach to handle imbalance data? You need to provide detail explana ...

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 Basic Finance Expert