How much is now in that account

Assignment Help Finance Basics
Reference no: EM132185268

Question - Joshua saved every month R200 into an account that yields 8.5% p.a. compounded monthly as from 25 November 2001. He also deposited annually R25 000 of his 13th cheque into that account on the 25th of October 2002, the month of his birthday. It is today, September 26, 2018. How much is now in that account? Use excel and show your calculations.

Reference no: EM132185268

Questions Cloud

Effective canadian dollar per yen cross-rate : What would be the effective Canadian dollar per yen cross-rate, C$/Y, quotation?
Prepare a paper on american government : Prepare a paper on some subject relevant to American Government. term paper must be no less than 1500 words in length. Points will be deducted for misspellings.
Explain the use of current technologies : Explain the use of current technologies to both carry out and fight cybercrime. In addition, explain the technological, cultural, and political influences.
Compute the capital structure weights and the firm : The risk free rate is 6%, the MRP is 8%, and the stock's beta is 1.2. The tax rate is 25%. Compute the capital structure weights and the firm's WACC.
How much is now in that account : Joshua saved every month R200 into an account that yields 8.5% p.a. compounded monthly, How much is now in that account
How laws were used to silence the voice of jews : Specifically, you will cite at least three "silencing LAWS" from the period 1931 - 1939 that show how laws were used to silence the voice of Jews.
Justify purchasing the? insurance : What amount of financial distress or issuance costs would Genentech have to suffer if it were not insured to justify purchasing the? insurance?
What is the song el aparecido about : What is the song "El aparecido" about, and how does it fit both within the Nueva Canción movement in Latin America and within larger traditions of Latin America
What bid price should you submit on the contract : If your tax rate is 34 percent and your required return on this project is 12 percent, what bid price should you submit on the contract

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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