What day does the account first exceed

Assignment Help Financial Management

Reference no: EM131447034

On the first day of each month, starting January 1, 1995, Smith deposits 100 in an acount earning i(12)=0.09, with interest credited the last day of each month. In addition,Smith deposits 1000 in the account every December 31. On what day does the account first exceed 100,000?

Reference no: EM131447034

Questions Cloud

The required rate of return of the investment : Company CS paid cash dividends of $1 per share. The management of the company estimates that the growth rate of dividends is 20% per year for the next ten years. After that the growth rate of dividends is expected to be 10% per year to infinity. What..

Make any dfa in jflap software and run for several inputs : Make any DFA in JFLAP software and run for several inputs. Take a screen shot and include in your assignment. Keep in mind that this assignment is meant to make you all get familiar with this software.

Developing a set of canned responses to common questions : Media Skills: IM; Compositional Modes: Tutorials [LO-1] [LO-4] High-definition television can be a joy to watch-but, oh, what a pain to buy. The field is littered with competing technologies and arcane terminology that is meaningless to most consu..

Shipping manager who has worked for galaxy toys : In the first assignment, students are given a scenario in which the shipping manager who has worked for Galaxy Toys, Inc. since 1969. The scenario serves to set the stage for students to demonstrate how management theories have changed over time. ..

What day does the account first exceed : On the first day of each month, starting January 1, 1995, Smith deposits 100 in an acount earning i(12)=0.09, with interest credited the last day of each month. In addition,Smith deposits 1000 in the account every December 31. On what day does the ac..

Purpose of pro forma statements : Debbie and her supervisor have moved to the topic of pro formas. Discuss the purpose of pro forma statements and how they may benefit Debbie.

How was hitler able to consolidate and increase his power : Hitler's rise to power in Germany seems to have been one of the most improbable events of recorded history. How do we account for it? That is, how did the conditions in Germany, Hitler himself, and the actions of the other European nations all com..

Strategic planning and strategic management : The purpose of this assignment is to help students understand strategic business terminology (vision, mission, goals, objectives, specific objectives, internal and external scanning), to recognize the components of a strategic plan and to be famil..

What the ratios calculations show : Give your interpretation of what the ratios calculations show and how the business can use this information to improve its performance. Justify all answers.

User Account

All Pages