Deposit an amount into savings account that pays

Assignment Help Business Economics

Reference no: EM131198628

1. You plan to deposit an amount into a savings account that pays 3.5% annual interest. How many years you have to wait until your money doubles?

2. You have a $4,000 and consider putting it in a savings account that pays 2.85% annual interest rate. How much money there will be in your account 5 years later?

Please draw cash flow diagrams for each.

Reference no: EM131198628

Questions Cloud

Discuss whether the receipt is ordinary : Two years ago Peta purchased a house in Kew. This house had two old tennis courts down the back which were in poor condition. Ignoring capital gains tax, discuss whether the receipt of $600,000 is ordinary income under s 6-5

What are examples of the penalties : 1. Under which federal employment laws can a manager be held personally liable for violations? 2. What are examples of the penalties?

Summarize what you have learned in doing the research : At the end of your essay, add a separate section entitled, "Reflections on My Learning." In this stand-alone section, summarize what you have learned in doing the research, reading the textbook, and reading the written lessons in regard to project..

Show the arithmetic check and the resulting error in closure : http://www.transtutors.com/questions/prepare-a-set-of-profile-leveling-notes-for-the-survey-in-figure-2-34-in-addition-to-1778292.htm

Deposit an amount into savings account that pays : You plan to deposit an amount into a savings account that pays 3.5% annual interest. How many years you have to wait until your money doubles? You have a $4,000 and consider putting it in a savings account that pays 2.85% annual interest rate. How ..

Determining the rise in unemployment : There has been a rise in unemployment as formerly, inefficient state-owned enterprises have been privatized. Unemployment levels range from 6.5% (Czech Republic) to 17% (Croatia).

What are economies of scale and scope : The law of diminishing marginal productivity states that . What are economies of scale? ?What are economies of scope?

What is the maximum value which pmay have static equilibrium : Determine the reactions at A and E if P = 500 N. What is the maximum value which P may have for static equilibrium? Neglect the weight of the structure compared with the applied loads.

Evaluate the criteria that is important for the business : How would you evaluate the criteria that is important for the business on whether to expand or not while you integrate a country specific factors?

User Account

All Pages