What Amount Would You Have to Invest Now at 10

question 12

Multiple Choice

What amount would you have to invest now at 10% compounded semi-annually in order to make withdrawals of $3,500 every half-year for eight years? The first withdrawal is to be made in six months.

• A) $52,224
• B) $28,000
• C) $37,932
• D) $36,126
• E) $8,255

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Definitions:

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The limitations or shortcomings inherent in an individual, organization, or product that can hinder success or effectiveness.

Advertising

The act or practice of calling public attention to one's product, service, need, etc., especially by paid announcements in newspapers and magazines, over radio or television, on billboards, etc.

Promotional Mix

The combination of marketing tools used by a business to achieve its marketing objectives, including advertising, sales promotion, public relations, and direct marketing.

Strengths/Advantages

Positive attributes or aspects of something that give it a competitive edge or make it superior in some respects.