Register
Future value of an annuity: Carlos Menendez is planning to invest $3,500 every year for the next six years in an investment paying 12 percent annually. What will be the amount he will have at the end of
170k views
5 votes
Future value of an annuity: Carlos Menendez is planning to invest $3,500 every year for the next six years in an investment paying 12 percent annually. What will be the amount he will have at the end of the six years? (Round to the nearest dollar.)

User Ggirtsou
by
8.6k points

1 Answer

1 vote
7 is the annual rate for 6 years
User Minja
by
7.5k points
← Prev Question Next Question →

Related questions

User Nikhil Mohanan
asked Oct 13, 2024 15.5k views
Where the french were killed by pedro menendez de aviles and his soldiers
Nikhil Mohanan asked Oct 13, 2024
by Nikhil Mohanan
8.2k points
1 answer
5 votes
15.5k views
User Zigzagoon
asked Jun 7, 2024 115k views
What is Menendez Company's working capital? 1) 1.00 2) $5,000 3) $6,500 4) $1,500
Zigzagoon asked Jun 7, 2024
by Zigzagoon
7.4k points
1 answer
0 votes
115k views
User Victor Domingos
asked Oct 18, 2024 39.1k views
What is Menendez Company's current ratio? 1) 5,000 2) 1.43 3) 1.00 4) 2.86
Victor Domingos asked Oct 18, 2024
by Victor Domingos
8.4k points
1 answer
2 votes
39.1k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

What can turn igneous rock into sediment?
What is meant by data mining ?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
The government has decided that the free market price of cheese is too low. Farmers complain that the price floor has reduced their total revenue.Is this possible? Explain
The government’s involvement in economy serves what two purposes?
Link Copied!