How much money will be in the account

Assignment Help Accounting Basics
Reference no: EM132280265

Question - Jane Smith deposits $8,000 in an account that earns interest at an annual rate of 12%, compounded quarterly. The $8,000 plus earned interest must remain in the account 4 years before it can be withdrawn. How much money will be in the account at the end of 4 years?

Reference no: EM132280265

Questions Cloud

What is the primary purpose of an accounting system : What is the primary purpose of an accounting system? What portion of an accounting system should be computerized
Human immune system and or against antibiotics : Give one reason how each structure would give the microorganism a survival advantage against the human immune system and or against antibiotics.
Neurotransmitter can be both excitatory and inhibitory : Explain how a neurotransmitter can be both excitatory and inhibitory. Use a specific example in your discussion.
Change in potential in the postsynaptic membrane : Describe the events that happen after neurotransmitter is released to cause a change in potential in the postsynaptic membrane.
How much money will be in the account : The $8,000 plus earned interest must remain in the account 4 years before it can be withdrawn. How much money will be in the account
Potential in the postsynaptic membrane : Describe the events that happen after neurotransmitter is released to cause a change in potential in the postsynaptic membrane.
How enterprise systems improve areas of the business : Most companies have recognized the benefit of the consistent use of information systems to support the daily work of individual employees as well as unifying.
Examine physiological properties : Relative to a wild-type (i.e. non mutant) plant, how will the knock-out mutation affect stomatal guard cell turgor pressure during the middle of the day?
Discuss one specific factor that causes muscle fatigue : Discuss one specific factor that causes muscle fatigue and why it impairs contraction of muscles.

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Assume that output can be produced only using processes a

assume that output can be produced only using processes a and b. process a requires inputs l and k to be combined in

  Would you recommend the acceptance of this proposal why or

clark paints the production department has been investigating possible ways to trim total production costs. one

  What caption are the investments reported

Required: Under what caption are the investments reported in the comparative balance sheet? Are they reported as current or noncurrent assets

  Journalize the entry to record the transaction

On July 11, American Lift Corporation, a wholesaler of hydraulic lifts, Journalize the entry to record the transaction

  Suppose the unearned portion of the rent collected

Refer to the situation described in BE 16-4. Suppose the unearned portion of the rent collected was $40 million at the end of 2012. Taxable income is $200 million. Prepare the appropriate journal entry to record income taxes.

  What will its new share price be

Suppose the stock of Host Hotels & Resorts is currently trading for $20 per share. If Host issued a 20% stock dividend, what will its new share price be

  Are tax consequences the same for each five years

There is a $40,000 realized gainon the sale of the land and no realized gain or loss on the sale ofthe bonds. Are the tax consequences to Ivan and Grace the same for each of the five years? Explain.

  What caused the large accounting scandals

What caused these large accounting scandals and how were some of these companies able to "hide" the truth from their investors? What was there to gain for performing these acts of fraud and what were the consequences of the few?

  What entry is required in the depositors accounts

A check drawn by a depositor in payment of a voucher for $925 was recorded in the journal as $295. What entry is required in the depositor's accounts?

  What is the normal procedure for handling the collection

what is the normal procedure for handling the collection of accounts receivable previously written off using the direct

  What effect does the purchase have on the price of a

why do corporations buy back their own stock?what does it tell you about the corporation?what effect does the purchase

  Rondello company is considering a capital investment of

rondello company is considering a capital investment of 152200 in additional productive facilities. the new machinery

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