Register
How much must you invest today in order to produce proceeds of $1,000,000 six months from today at a rate of 1.1%?
86.9k views
1 vote
How much must you invest today in order to produce proceeds of $1,000,000 six months from today at a rate of 1.1%?

User Jacob Stern
by
4.7k points

1 Answer

4 votes

Answer:

1,066,000

Step-by-step explanation:

it is 6.6% of the money added to 1,000,000

User Sabreen
by
4.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.1m questions

6.7m answers

Other Questions

Misk Co. purchased the following securities during 20X7 to be classified as held-to-maturity securities, trading securities, or available-for-sale securities: I. Debt securities bought and held for the
Explain the similarities and differences between how both producers and consumer use money
Donna's philosophy as she coordinates the marketing efforts is to keep in mind the company's overarching strategy, and to ensure that all marketing activities send a consistent message, beginning with
Brett buys a new cell phone for​ $100. he receives consumer surplus of​ $80 from the purchase. how much does brett value his cell​ phone?
Given the following income elasticities of demand: Product Income elasticity movies +3.4 Dental service +1.0 Clothing +0.5 The values indicate that movies and dental services are normal goods, but clothing
Link Copied!