User Account

All Pages

Savings account

Assignment Help Financial Management
Reference no: EM13971891

John Vincent invested 10,000 in a savings account. The account pays 4.5% annual interest. john will have how much in the account at the end of 10 years? Round to the nearest dollar

A. $15,530

B. $14, 984

C. $16.010

D. $16,311

 

E. None of the above

Reference no: EM13971891

Questions Cloud

How about consumer protection legislation : Since the 2008-2011 financial crises, banks have become leery of lending to consumers. There has been much research completed on this subject and the blame has been a subject of much controversy. Fast-forward to 2013 and 2014. Has there been any new ..
Pays provides the highest cash flow : You are a New York state resident in the 25% federal marginal tax bracket and 6% marginal state marginal tax bracket, and are looking at 3 investments. You want to choose the bond investment that pays provides the highest cash flow.
What will be the future worth of the money in your account : Assume that you open a savings account that accrues 3% nominal annual interest that is compounded monthly. Initially, your account has no funds in it. Starting next month, you add $50 / month for 6 months. At the end of 1 year, what will be the prese..
Return on your investments in retirement : You want to know in which scenario you need to save the LEAST amount of money monthly. First plan is to have $1,250,000 in 25 years when you retire and your investments will earn 9%. The second option is to receive a monthly payment of $6,000 in reti..
Savings account : John Vincent invested 10,000 in a savings account. The account pays 4.5% annual interest. john will have how much in the account at the end of 10 years? Round to the nearest dollar
What will be the present worth of the money in your account : Assume that you open a savings account that accrues 3% nominal annual interest that is compounded monthly. Initially, your account has no funds in it. Starting next month, you add $50 / month for 6 months. Then, you increase your monthly deposit by $..
How much interest is paid on the loan in first month payment : A company takes out a loan for $150,000 at a nominal interest rate of 8% compounded monthly. The company agrees to pay back the loan in equal monthly payments for 15 years. What is the monthly payment for this loan? How much interest is paid on the l..
What price would you expect to pay for a stock : What price would you expect to pay for a stock with a 13% required rate of return, 4% constant rate of dividend growth, and an annual dividend of $2.50 that was paid today?
Take care of the maintenance of the equipment : A contractor estimates that maintenance on a new piece of equipment will be $275 for the first month and it will increase by 0.5% each month afterwards. However, the contractor is offered a service contract that would maintain the equipment for a tot..

Reviews

Write a Review

Financial Management Questions & Answers

  Investment portfolio-what is its expected return

An investment portfolio has a 30% chance of earning $100,000 in a year, a 40% chance of earning $50,000, a 15% chance of earning nothing and 15% chance of losing $20,000. What is its expected return?

  What impact would the new capital structure

Seattle Health Plans currently uses zero-debt financing. Its operating income (EBIT) is $1 million, and it pays taxes at a 40% rate. It has $5 million in assets and, because it is all-equity financed, $5 million in equity. What impact would the new c..

  What is the actual margin of the stock

An investor buys 100 shares of walmart at $45 per share on margin with initial margin of 70 percent and a maintenance margin of 25%. In two months, the stock goes to $56. What is the actual margin of the stock when it's at $56?

  Determine the value of a financial asset

In order to determine the value of a financial asset, you must have knowledge of: A: future of cash flows expected to be provided by the financial asset, B: the appropriate discount rate, C: past asset performance, D: both a and b

  What is routers optimal capital structure

What is Router’s optimal capital structure? Is the same debt ratio optimal regardless of whether the firm chooses operating Plan L or H? Does this optimal D/V ratio minimize risk as measured by either the coefficient of variation of ROE or the times ..

  Useful tool in the evaluation of capital investment projects

Describe some of the features of the IRR - Internal Rate of Return method/calculation and why it is such a useful tool in the evaluation of capital investment projects.

  Problem regarding the theory of corporate personality

The court will not allow the theory of corporate personality to be used as a means of fraud or sharp practice - the judge has the power to 'draw aside the corporate veil'.

  Yield to call and realized rates of return

Eight years ago, Goodwynn & Wolf Incorporated sold a 29-year bond issue with a 9% annual coupon rate and a 6% call premium. Today, G&W called the bonds. The bonds originally were sold at their face value of $1,000. Compute the realized rate of return..

  Usage of fixed cost financial securities to finance portion

Financial leverage has to do with A. the usage of fixed cost financial securities to finance a portion of a firm's assets. B. using common stock to finance a portion of a firm's assets. C. the incurrence of fixed operating costs in the firm's income ..

  Security-beta and expected return

You observe the following: Security A and B, With Beta 2.0=A and 1.5=B, Expected Return A=28% B=25% what would the risk-free rate have to be if the two stocks are correctly priced? Please show me with formula or step by step.

  Profitability and competitive performance

Analysis of fundamentals: goals, strategy, market, competitive technology, and regulatory and operating characteristics and analysis of fundamentals: revenue outlook.

  Ruby has purchased a new home that needs repair

Ruby has purchased a new home that needs repair. She has gained approval for a home improvement line-of-credit for $100,000 that she will use to fix up the house over three years. Interest on line-of-credit loans is only incurred on the amount borrow..

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