Find the original deposited amount

Assignment Help Corporate Finance
Reference no: EM1346871

Your great aunt Matilda put some money in an account for you on the day you were born. This account pays 8% interest per year. On your 21st birthday the account balance was $5,033.83.

The amount of money that your great aunt Matilda originally put in the account is closest to:

A. $1,200
B. $800
C. $600
D. $1,000


Reference no: EM1346871

Previous Q& A

  Job costing system of johnsons custom shop

The job costing system of Johnsons custom shop has five activities which are employed as indirect cost pools

  How to find the magnitude of the acceleration of a chair

An Indy car with a speed of 125km/h goes around a level, circular track with a radius of 1.3km. What is the centripetal acceleration of the car.

  What power input is necessary to maintain the sphere

Using a diesel fired boiler with an efficiency of 80%.How many liters of diesel is required to create 1000kg of steam at 120degrees Celsius from make up water at 20 degrees Celsius.given that enthalpy of steam at 120 degrees Celsius is 2706.3kJ/kg..

  Determine predetermined overhead rate

Determine the predetermined overhead rate. Determine the amount of overhead applied during the year. Was overhead overapplied or underapplied? How much?

  What is the amplitude of oscillations

Two carts with masses of 4.80 kg and 2.78 kg move toward each other on a frictionless track with speeds of 4.94m/s and 3.17m/s respectively. The carts stick together after colliding head-on. Find out the final speed.

  Finding total processing time for orders

Carl's Custom Candles produces small batches of candles for local retail shops. Carl has established a relationship with three local shops & requires to estimate how many candle making machines to buy.

  Important personal and financial issues

Outline the important personal and financial issues to discuss with William and Joan, prior to making any recommendations and show any concerns YOU may have with any of their objectives (i.e. how realistic or otherwise those may be). Start by lis..

  What is the temperature of the boiler

A 38 ohm resistor is made from a coil of copper wire whose total mass is 11.2 g. Find out the length and diameter of the wire.

  Calculation of ratios

A security analyst computes the given ratios for two banks. Estimate how should the analyst evaluate financial health of the two (2) banks?

  What is the simmers weight in newtons

An electric wire that has a mass of 5 kg for a 20m length is strung between two poles 20 m apart. What should  be the tension in the wire if it is to take 0.8 seconds for a pulse to travel along the wire from one pole to the other.


Write a Review


Similar Q& A

  Finding the value of inventory destroyed

Finding the value of inventory destroyed in natural disaster - estimate the amount of inventory destroyed in the natural disaster.

  Evaluate the optimal level of investment for a household

Evaluate total savings in each period.  Is the Investment/Saving market at equilibrium in each period?

  Find the standard deviation of the return

The expected return on market is 12 percent and the risk free rate is 7 percent. The standard deviation of the return on the market is 15 percent. Ones investor creates a portfolio on the efficient frontier with an expected return of 10 percent.

  Business ethics perspective

What are your thinking regarding if ethics can be taught? Can we teach people right from wrong from a business ethics perspective?

  True or false questions for risk management

If two corporations have the similar number of exposure units & experience the same average number of losses, then degree of risk for each firm tends to be equal.

  What is the future value of these cash flows

If the company uses an 8 percent discount rate and what is the future value of these cash flows at the end of year 4?

  Calculate average rate of return for the stock

Spill Oil firm's stocks had -8 percent, 11 percent and 24 percent rates of return during the last 3-years respectively; find the average rate of return for the stock.

  Find the time interest earned ratio

Selection of optimal source of finance and calculating times interest earned ratio - Suppose Morton adopts Plan 2, and the Boston facility initially operates at an annual EBIT level of $6 million. What is the time interest earned ratio?

  Analyzing the price changes on buying

Consider two investors; investor A and investor B with the following demand curve for a stock: At a price of $50, how much will A and B purchase?

  Explain the overall weighted cost of capital

In April 1988, the VP of project finance at the Hilton Company, Christopher Nassetta, was creating recommendations for discount rates that should be used to estimate each of the company's three divisions.

  What do you meant by aa-curve

What do you meant by AA-curve

  Determine the bid value

Dahlia Enterprises requires someone to supply it with 114,000 cartons of machine screws every year to support its manufacturing needs over the next 5-years, and you've decided to bid on the agreement.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd