Calculate future value, Finance Basics

Your grandparents put $1,000 into a saving account for you when you were born 30 years ago. This account has been earning interest at a compound rate of 7%. What is its value today?  

a

Amount Deposited every year

 

 mce_markernbsp;                        1,000.00

 
 

by grandparents

       

b

Period (Years)

   

30

 

c

Interest rate(Compounded annually)

7%

 

d

Value after 30 years

   

$94,460.79

 
 

Future value of $1000 stream of payment for 30  years earned at 7%

 

Posted Date: 7/23/2012 2:07:10 AM | Location : United States







Related Discussions:- Calculate future value, Assignment Help, Ask Question on Calculate future value, Get Answer, Expert's Help, Calculate future value Discussions

Write discussion on Calculate future value
Your posts are moderated
Related Questions
Example of Conversion Ratio and Conversion Price ABC Company Ltd books as:   10.000, Sh.20 ordinary share capital 10,000, Shs.10 8% preference share c

Preparing Contract Note in the Stock Exchange Clerk takes the details of the day's transaction to the broker at the end of working day. Broker scrutinizes all transactions o

For each of the financial statement ratios listed below calculate the ratio for the current year and for the prior year. (Note that in most textbooks, some of the ratios call for a

Revenue Reserves - Retained Earnings These are undistributed earnings.  Those reserves are retained for the given reasons like: A. To create up for the fall in profits so a

Determinants of Working Capital Needs There are few factors that determine the firm's working capital needs. These factors are comprehensively enclosed with a Textbook of Busi

Credit Standards A firm may follow a stringent or a lenient credit policy. The firm subsequent of a lenient credit policy tends to sell on credit to customers on extremely lib

Question 1: (a) What do you meant by the term ‘Life Insurance Contract'? (b) Many people prefer to choose Single life policies compared to Joint life policies. Why is t

MRP systems and Functions of MRP systems Where dependent demand exists, for example between finished product and its constituent parts, item forecasting or inventory control t

Objectives of Business Entity The Main objectives of a business entity are clarified in detail below. Any business firm would have specific objectives that it aims at achievin

give an introduction about stock exchage in india,,includig BSE