Suppose you are committed to owning a $191,000 Ferrari. If you believe your mutual fund can achieve a 11 percent annual rate of return and you want to buy the car in 8 years on the day you turn 30, how much must you invest today? (Do not round intermediate calculations and round your final answer to 2 decimal places, e. g., 32.16.)

The amount to be invested today at 11% rate of return to yield $191,000 in eight years is $ 82,879.96  

Explanation:

The amount to be invested today is the present value of the future amount needed for the car purchase i.e $191,000.

The present value formula is given below:

PV=FV*(1+r)^-n

FV is the future amount of $191,000

r is the rate of interest on the investment at 11%

n is the number of years the investment would last which  is 8 years.

PV=$191,000*(1+11%)^-8

PV=$191,000*(1.11)^-8

PV=$191000*0.433926496

PV=$ 82,879.96  

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.