Determining the compounding of interest

Assignment Help Financial Management

Reference no: EM13969757

What will $164,000 grow to be in 6 years if it is invested today in an account with a quoted annual interest rate of 13% with weekly compounding of interest? (Assume 52 weeks per year.)

$351,904
$357,413
$361,010
$322,520
$345,118

Reference no: EM13969757

Questions Cloud

Telephone pole and submitted a medical expense : Karen is the named insured under a PAP that provides coverage for bodily injury and property damage liability, medical payments, and uninsured motorists coverage. For each of the following situations, briefly explain whether the claim is covered b..

What can we learn about the human condition in general : "The Kidney Shaped Stone that Moves Everyday"] Delia Jones in "Sweat," the narrator from "The Yellow Wallpaper,". What can we learn about the human condition in general?

Determining the revenue collected by the government : What is the relationship between tax base and tax rate in determining the revenue collected by the government? Give an example of how a particular tax would fit into the various components of the equation.

Analyze a text, paying special attention to the features : Your task is to analyze a text, paying special attention to the features that influence a piece of writing the most: the audience, the writer's orientation, the rhetorical situation, and the genre (COLFV features). Use the sample rhetorical analys..

Determining the compounding of interest : What will $164,000 grow to be in 6 years if it is invested today in an account with a quoted annual interest rate of 13% with weekly compounding of interest? (Assume 52 weeks per year.)

Create a vlookup function to calculate the bonus amount : Create a VLOOKUP function to calculate the bonus amount for each employee. Click the Employees sheet tab, and select I4. Type a formula to reference the Base Monthly Salary amount as the lookup_value

How can you conncet the given film to social change : What is the documentary about (the who, what, where, when, why)? What did you learn? How can you conncet this film to social change?

What is the apr on loan : You want to borrow $10,000 from your brother. He says if he charged you 7.2% that would be interest of $720 for the year. So in total you would pay him $10,720. So he tells you that you can pay $10,720/12 = $893.33 per month for 12 months that wou..

Find all equilibrium points : Find all equilibrium points - if both populations are greater than their values at the equilibrium point, what happens to the populations?

User Account

All Pages