How much will the doctor have saved at the end of 4 years

Assignment Help Finance Basics
Reference no: EM13262530

Dr. Steve just decided to save money each year for the next 4 years to help build a new office. It it earns 5.5 percent on its saving, how much will the Doctor have saved at the end of 4 years? End of year one: Amount saved: 20,000., Year Two: $24,000, Year Three $28,000 , Year Four $32,000.

Reference no: EM13262530

Questions Cloud

What type of option is an insurance policy : An insurance policy is considered analogous to an option. From a policyholder's perspective, what type of option is an insurance policy? Why?
Compute the line currents and power supplied in each phase : A Y-connected three phase supply has a balanced voltages of 110e^j0, 110e^(j2/3) and , 110e^(j4/3). The corresponding impedances on the Y-connected load are 30, 30+j40 and 40+j30 ohm.
Integration of quality cost to economic service life : The machine seems to be deteriorated and it may not function exactly well. It may result in customer dissatisfaction and quality cost. This paper deals with the determination of economic service life when considering quality cost
Compute the tension in the cord : A small steel sphere of mass 0.40 kg is attached by a 0.50 m long cord to a swivel pin set into the surface of a friction-less table top. compute the tension in the cord
How much will the doctor have saved at the end of 4 years : Dr. Steve just decided to save money each year for the next 4 years to help build a new office. It it earns 5.5 percent on its saving, how much will the Doctor have saved at the end of 4 years?
The aqueous solutions of lithium sulfide and copper nitrate : Give the complete ionic equation for the reaction (if any) that occurs when aqueous solutions of lithium sulfide and copper (II) nitrate are mixed.
What is the decimal equivalent of the bcd numbers : According to the Nyquist sampling theorem, faithful reconstruction of an analog signal with a bandwidth of 29 kHz would require a sampling frequency of at least. what is the decimal equivalent of the following binary coded decimal number.
Find the maximum number of slits per cm for the grating : Four (and only four) full spectral orders can be seen on either side of the central maximum, find the maximum number of slits per cm for the grating
Explain how many moles of methanol are present : How many moles of methanol are present in a 150.0 gram sample of methanol,CH3OH

Reviews

Write a Review

 

Finance Basics Questions & Answers

  Calculate the dollar amount of each deposit

Today, your investment account has a balance of $3,000. Exactly one year before you made a onetime deposit into the account.

  Question on payout policy

Find out the expected stream of dividends per share for investor who plans to retain his shares rather than sell them back to the company? Check your estimate of share vaue by discounting this stream of dividends per share.

  What is the future value of investing

You are going to loan your friend $1,000 for one year at a 5% rate of interest. How much additional interest can you earn if you compound the rate continuously rather than annually?

  Identify the major business and financial risks

Identify the major business and financial risks such as interest rate risk, foreign exchange risk, credit, commodity and operational risks.

  Determine the maximum amount for payment

The Bradshaw Corporation's most recent dividend was $6.75. The historical dividend payment by the firm shows a constant growth rate of 5% per year.

  Calculate original issue price

Stock was issued several years agao and carried a fixed dividend of $6 per share. Over time, the yields have gone from 6 percent to 14 percent

  Why you think this system is best for consumers

Explain which economic system (market, planned, mixed, or traditional) you think is best for consumers. Describe at least one reason why you think this system is best for consumers.

  Time value of money-unearned revenue

What are examples of long-term notes payable in our personal finances? Why is unearned revenue considered a liability?

  Interest rate swaps with no rate adjustments

Interest rate swaps with no rate adjustments - What swap transaction would accomplish this objective?

  Find the value of a share

Gillette has declared that it will pay an annual dividend of $.65 one year from now. Analysts expect this dividend to grow at 12 percent per year thereafter through the fifth year.

  How would this change the average amount of time

This will increase the average wait time to 3.4 minutes for the remaining 4 lines. How would this change the average amount of time? Please show work for both answers.

  What value would mm now estimate for each firm

Assume that (1) all of the MM assumptions are met, (2) both firms are subject to a 40% federal-plus-state corporate tax rate, (3) EBIT is $2 million and (4) the unlevered cost of equity is 10%

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