SOLUTION: You wish to have $23,000 in 8 years. Use Table 11-2 to create a new table factor, and then find how much you should invest now (in $) at 6% interest, compounded quarterly in order

Question 1172587: You wish to have $23,000 in 8 years. Use Table 11-2 to create a new table factor, and then find how much you should invest now (in $) at 6% interest, compounded quarterly in order to have $23,000, 8 years from now. (Round your answer to the nearest cent.)
Answer by Solver92311(821) (Show Source): You can put this solution on YOUR website!

Ok, I'll just go look through my library of every mathematics book ever published to find a table 11-2 that might have some relationship to the rest of this question.

Did you read this question before you posted it? Are you capable of using your head for something more useful than a hat rack?

John

My calculator said it, I believe it, that settles it

From
I > Ø

RELATED QUESTIONS
Lindsay wants to have $5,500 in 15 years. Use Table 11-2 to create a new table factor,... (answered by stanbon)

Sonia wants to have $12,000 in 10 years. Use Table 11-2 to create a new table factor, and (answered by Alan3354)

You wish to have $17,000 in 11 years. Find how much you should invest now at 12%... (answered by rfer)

Suppose you wish to have $16,500 in 2 years. Use the present value formula to find how... (answered by richwmiller)

You wish to invest $85,000 in two accounts. You want a cautious investment strategy, so... (answered by ikleyn)

The following investment requires table factors for periods beyond the table. Using Table (answered by Solver92311,Theo)

You wish to purchased a house for $200,000 in 12 years. You can invest your money at 5%/a (answered by Theo)

You wish to purchased a house for $200,000 in 12 years. You can invest your money at 5%/a (answered by ikleyn)