User Account

All Pages

Investment of alicia accumulated and ongoing savings

Assignment Help HR Management
Reference no: EM131383939

Ms. Alicia Weir has been able to accumulate $10,000 in savings from her end-of-month salary and is seeking to invest this amount plus the regular monthly salary savings of $400 into a suitable investment. Given her risk profile, the People's Preference Credit Union has been selected as the best financial intermediary to place her funds. The credit union has offered her a high-interest savings account with an interest rate of 8% compounded monthly for the next 4 years for the investment of Alicia's accumulated and ongoing savings.

a) What effective interest rate will Alicia be earning on her funds?

b) What is the expected balance of the high-interest savings account at the end of the 4-year term?

Reference no: EM131383939

Questions Cloud

Describe a decision-making process for employees : Describe a decision-making process for employees with two different strengths. Determine how the process might be approached differently for each employee to produce the best results. Use scenarios to convey your idea
What is the current yield : Stealers Wheel Software has 8.04% coupon bonds on the market with nine years to maturity. The bonds make semi-annual payments and currently sell for 110.52% of par. What is the current yield?
How did islam spread out of mecca and medina : How did Islam spread out of Mecca and Medina? How did the formation of the Caliphate create a strong Islamic state? Why do you think the split between Shi'ite and Sunni has endured to this day?
Prepare a paper that contains definition of cultural divers : Refer to the "Social and Cultural Paper Writing Instructions" for a detailed explanation of the requirements for the Social and Cultural Diversity Paper that you will be developing throughout the course.Prepare an outline of the paper that contains..
Investment of alicia accumulated and ongoing savings : The credit union has offered her a high-interest savings account with an interest rate of 8% compounded monthly for the next 4 years for the investment of Alicia's accumulated and ongoing savings.
Describe the specific issues this driving force creates : Choose one of the driving forces. Describe the specific issues this driving force creates, or will potentially create, for your organization or department.
Investments will yield an annual rate of return : Suppose that you want to guarantee yourself income of $50,000 per year after retirement. How much should you put away every year, for the next 10 years, starting at the end of this year? Assume that your investments will yield an annual rate of re..
Identify what you believe are the common threads : From your Premier Sport Psychology Mental Training System workbook, share your perspective about how an athlete's values and core strengths can be tied to motivation and if these values and motivations differ between amateur/youth athletes and eli..
Would you prefer that your personal z score be negative : What conclusion can you reach about ∑z?- Under what conditions would you prefer that your personal z score be negative rather than positive?

Reviews

Write a Review

HR Management Questions & Answers

  How a leader deal with a subordinate who is perpetually rude

How might a leader deal with a subordinate who is perpetually rude, insensitive, and disrespectful to others? Why is it so hard for people to change their assumptions?

  Five career fields for communication studies majors

Locate and evaluate a minimum of five career fields for Communication Studies majors. Provide a brief summary of each and determine which career path interests you.

  Hr costs that should be allocated to each departmentdenver

hr costs that should be allocated to each departmentdenver companys human resources department provides training and

  You friend patricia owns a restaurant and currently employs

you friend patricia owns a restaurant and currently employs 15 people. she has asked for your advice about employment

  The company has been spending an increasing amount of money

you are the compensation manager for a manufacturing company of about 200 employees. you are responsible for the

  Range of decals for displaying promotional messages

United Screen Printers (USP) produces a wide range of decals for displaying promotional messages on fleet vehicles, including delivery vans, eighteen-wheelers, and aircraft.  Its decals range from flat-color designs to full-color photographic repr..

  Show the inter-operability of products

Inter-Operability of Products - Apple needs to make Mac computers mainstream by making them more inter-operable with the other operating systems

  Evaluate the components of a total rewards system

Evaluate the components of a total rewards system. Also include justification for including each component and an explanation as to how it benefits the employee and the company.

  How does research differ from practical problem solving

How does research differ from practical problem solving? What types of primary and secondary data are used by HR departments to make decisions? How might they use these types of data to make better decisions

  Burden of proof in employment discrimination

HR legal environments are constantly changing. The court case that set the standard to place the burden of proof in employment discrimination on the company was:

  Compare and contrast cash-balance defined benefit and

compare and contrast cash-balance defined benefit and defined contribution plans. discuss the advantages and

  Clarification of supply and demandexplain two factors that

clarification of supply and demandexplain two factors that affect labor supply and two factors that affect labor

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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