Computation of future value of a lump sum amount

Reference no: EM1310450

Computation of future value of a lump sum amount.

Jeanie has deposited $33,000 today in an account which will earn 10 percent annually. She plans to leave the funds in this account for seven years earning interest. If the goal of this deposit is to cover a future obligation of $65,000, what recommendation would you make to Jeanie?

Reference no: EM1310450

Questions Cloud

Amount to get after exchanging yen for us dollars : If yen fell against dollar such that 1 dollar would purchase= 154.4 yen when invoice was paid, what dollar amount would DeGraw actually get after it exchanged yen for U.S. dollars?

Marketing objective questions : Marketing objective questions.

Principles of operant conditioning : By using the principles of operant conditioning, make a plan of how you can use reinforces or punishers to change your habit.

Issues or problems when determine the actual cost : Explain three issues or problems which a company could face when trying to find out the actual cost of the good or service which is to be used in the cost of goods sold.

Computation of future value of a lump sum amount : Computation of future value of a lump sum amount and what recommendation would you make to Jeanie

Application showing sizes of two files and their ratio : Build a file which consists of your favourite movie quote. Make a use of a text editor like Notepad and save file as Quote.txt. Copy contents of the file and paste them into the word-processing program like Word. Save file as Quote.doc. Write down..

Process of action potential conduction and neurotransmission : Explain the process of action potential conduction and neurotransmission from one neuron to another

Before-tax rate domestic bond pay to give after-tax return : If 9% after-tax is investor's required return, what before-tax rate would domestic bond require to pay to give the required after-tax return?

Phenomena of tolerance and withdrawal : Explain the phenomena of tolerance and withdrawal. In addition, explain the importance of understanding addictions.

User Account

All Pages