What would be the future value of the annual savings

Assignment Help Financial Management

Reference no: EM131130757

Karen and Mike currently insure their cars with separate companies, paying $900 and $1,100 a year. If they insured both cars with the same company, they would save 15 percent on the annual premiums. What would be the future value of the annual savings over 10 years based on an annual interest rate of 3 percent? (Using 11.464 for future compound )

Reference no: EM131130757

Questions Cloud

Problem for employees in your department : Develop a PowerPoint Presentation and identify the source of the problem for employees in your department.

What is a categorical imperative : Who was Kant? -Why his perspective is called Deontologism? - What is a Categorical Imperative and how did it differ from utlitarianism?

Review the social media channels : Review the social media channels you have used throughout the course so far. Reflect on what you have learned about each. Which is your preferred, and why?

Compare and contrast the aztec and mongol civilizations : Please compare and contrast the Aztec and Mongol civilizations. Look at their social, political, economic, religious and military structures. Please be sure to cite all of the information that you use from your sources.

What would be the future value of the annual savings : Karen and Mike currently insure their cars with separate companies, paying $900 and $1,100 a year. If they insured both cars with the same company, they would save 15 percent on the annual premiums. What would be the future value of the annual saving..

Calculate how much insurance coverage policy : When Carolina’s house burned down, she lost household items worth a total of $125,000. Her house was insured for $225,000 and her homeowner’s policy provided coverage for personal belongings up to 70 percent of the insured value of the house. Calcula..

Find a professional with a job you would like to have work : For this assignment, please find a professional either with a job you would like to have, would like to learn more about their industry or are working for a company you hope to work for.

Identify victim of specific crime with background different : Discuss how it might impact their families based on their cultural background. Discuss how it might be perceived by society based on the victim's cultural background.

Essay on troubleshooting communication : Write essay in which you:- Briefly summarize your chosen instance of failed communication.- Discuss the reasons why the original persuasive campaign was unsuccessful.

User Account

All Pages