How much will you have when the cd matures

Assignment Help Finance Basics
Reference no: EM13286274

Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 6.5% interest, compounded annually. How much will you have when the CD matures?

a. $4,346.04
b. $4,139.09
c. $4,563.34
d. $3,754.27
e. $3,941.99

 

Reference no: EM13286274

Questions Cloud

The method for determining the quantity of dissolved oxygen : A method for determining the quantity of dissolved oxygen in natural waters requires a series of redox reactions. Balance the following chemical equations in that series under the conditions indicated
Find the thickness of a snow wall : A hockey puck moving at 33m/s slams through a wall of snow 38cm thick. It emerges moving at 19m/s. find the thickness of a snow wall
Compute where will the ball land if it just clears the net : In a serve, a tennis player hits the ball horizontally. Neglect the effects of air resistance and the diameter of the ball. Where will the ball land if it just clears the net
Explain the vapor pressure of liquid nickel : The vapor pressure of liquid Nickel at 1606° C is 0.100 torr, whereas at 1805° C, its vapor pressure is 1.000 torr. At what temperature does the liquid have a vapor pressure of 2.500 torr
How much will you have when the cd matures : Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 6.5% interest, compounded annually. How much will you have when the CD matures?
Find the speed of the ball when its kicked back to jack : Jack and John are standing 6m apart from each other playing soccer. Jack kicks the ball to John and John kicks it back immediately. find the speed of the ball when it's kicked back to Jack
What is quigleys wacc : The firm will not be issuing any new stock. What is Quigley's WACC?
What is the liquidity premium on kay bonds : The default risk premium for Kay's bonds is DRP = 1.30% versus zero for T-bonds, and the maturity risk premium for all bonds is found with the formula MRP = (t - 1) × 0.1%, where t = number of years to maturity. What is the liquidity premium (LP) ..
Complete and balance the neutralization reaction : Complete and balance the following neutralization reaction, name the products, and write the net ionic equation.

Reviews

Write a Review

 

Finance Basics Questions & Answers

  How long will it take to recover the initial investment

Services United is considering a new project that requires an initial cash investment of $75,000. The project will generate cash inflows of $26,500, $32,700, $18,500, and $10,000 over each of the next four years, respectively. How long will it tak..

  Find the required return for an asset with a beta

Find the required return for an asset with a beta of 0.90 when the risk-free rate and market return are 8% and 12%, respectively.

  Statements of cash flows

Pick three companies from different industries and situate their statements of cash flows for the most recent year.

  How the model was applied to each situation

Find a journal or news article for each model and explain how the model was applied to each situation.

  Analyzing financial statements from ratio analysis

Address other methods of Analyzing financial statements aside from ratio analysis.

  What is the market value of this firm

The firm has $10,400 in cash and owes a total of $1,430,000. The legal problems are personal and unrelated to the actual business. What is the market value of this firm?

  What should the firm do about dividend policy

1) what should the firm do about dividend policy- be specific, and 2) what can the firm do long-term to protect the organization from corporate raiders?

  How is the marketing of services different

How is the marketing of services different than the marketing of a product?

  Ipo initial public offering

Explain how the Initial Public Offering (IPO) process works and its positive and negative aspects. Who benefits? How effective is the transfer of capital from savers to users (how much lost in the process)?

  Finding present and future values

Find out the future value of investment after one year if it earns 10% per year? What is the present value of this future value discounted at 10%?

  Compute the following using the information provided

Compute the following using the information provided: 1.Forward Contract 2.Money Market Instrument (MMI) 3.Currency Options Contract Saito Auto JPN (you) imports 20 cars ($20,000 each) from USA.

  What was net capital spending for 2011

The company's 2011 income statement showed a depreciation expense of $385,000. What was net capital spending for 2011?

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