Deposit-obtain the number of years

Assignment Help Financial Accounting

Reference no: EM13789454

Suppose you deposit $2,000 today and your acount will accumulate to $4,500 at 8.45% annually. Obtain the number of years.

Options:

A) 11

B) 12

C) 13

D) 14

E) None of the above.

Reference no: EM13789454

Questions Cloud

Estimate the population regression model : 1. True, False, Explain (Say whether each statement answer is true or false, then explain why. Your grade depends on the quality of your explanation). a. Suppose you estimate the population regression model

Planned level of the cost driver lead to a death spiral : How might computing the cost driver rate by using the planned level of the cost driver lead to a death spiral? Please explain in 4-5 sentences.

What is the future value of an annuity of an annual deposit : What is the future value of an annuity of an annual deposit of $200 at the end of the year for three years at 10% per annum?

What is the rate of interest : Suppose you deposit $2,000 today and your account will accumulate to $4,000 in 10 years. What is the rate of interest?

Deposit-obtain the number of years : Suppose you deposit $2,000 today and your acount will accumulate to $4,500 at 8.45% annually. Obtain the number of years.

Predetermined cost driver rates used when recording job cost : Why are predetermined cost driver rates used when recording job costs?

Do you anticipate any changes to the demand and or supply of : You are required to pick a product or service you use in your everyday life and describe the market for this product. Address the following questions: What factors influence the demand for this product? What factors influence the supply of this produ..

How much do you have to deposit at the end : How much do you have to deposit at the end of each year if you need $20,000 in 10 years, assuming k = 6%?

Deduction that she may claim in connection with bad debt : Ashley is an attorney who specializes in family law. She uses the cash method of accounting and is a calendar-year taxpayer. Last year, she represented a client in a lawsuit and billed the client $5,000 for her services, Although she made repeated at..

User Account

All Pages