For how many years will the money earn interest

Assignment Help Finance Basics
Reference no: EM13293685

If Aunt Tillie also wants to reward you with a graduation gift of cash and she deposits $1,000 in an account at the end of each year for the next four years, for how many years will the money earn interest.

Reference no: EM13293685

Questions Cloud

In independent supply chain-immediate customer and supplier : In an independent supply chain, the participants collaborate solely on the interactions between the immediate customer and supplier. On the other hand, in a vertical marketing system: a. firms work together with a common focus on the customer or oper..
What overhead rate will the company achieve : What overhead rate will the company achieve on the basis of this information? Use direct labor dollars as a base. Can anyone help me with this problem ? Thank you in advanced.
Find the amplitude of the subsequent simple harmonic motion : A 7.05 bullet traveling at 520 m/s embeds itself in a 1.85kg wooden block at rest on a frictionless surface. Find the amplitude of the subsequent simple harmonic motion
What is the resistance at100 degree centigrade : The resistance of a copper wire at 30oCis 50Ω. if the temperature coefficient of copperat 0oC is 0.00427, what is the resistance at100oC
For how many years will the money earn interest : If Aunt Tillie also wants to reward you with a graduation gift of cash and she deposits $1,000 in an account at the end of each year for the next four years, for how many years will the money earn interest.
How to calculate the fractional compositions : Calculate the fractional compositions 0 (HA) and 1 (A) for HEPES at pH = 7.00, 7.56, and 7.80. Assume the ionic strength is zero.
What is the electric field strength at the given points : An electric dipole is formed from 1.0nC charges spaced 3.00 mm apart. What is the electric field strength at the given points
How much total interest is paid over the life of the loan : Prepare an amortization schedule for a five-year loan of $50,000. The interest rate is 8 percent per year, and the loan calls for equal annual payments. How much interest is paid in the third year? How much total interest is paid over the life of ..
Create a mask set and process flow that will produce a wheel : Using combination of deposited oxide and polysilicon films, create a mask set and process flow that will produce a wheel that can rotate freely about a hub that extends over the top of the wheel.

Reviews

Write a Review

Finance Basics Questions & Answers

  Calculate amount of the gain

An accountant, whose entire practice consists of real estate agents and real estate developers, bought, on the advice of a client, a parcel of raw land 2-years ago for $50,000.

  Compute current price of zero coupon bond

Find out the current price of the zero coupon bond with the 6% yield to maturity that matures in 15 years?

  What would be the yield to maturity

Fitz's 25-year bond pays 11% interest annually on a $1,000 par value. If bonds sell at $845, what is the bond's yield to maturity? What would be the yield to maturity if the bond paid interest semiannually?

  Determine the approximate cost of cash discount

XieCorp is analyzing credit terms of each of three suppliers, A, B, and C. Calculate the approximate cost of giving up the cash discount.

  Determine the minimum number of days of float time

The bank is willing to lend the company enough to finance its working capital needs under a $10 million revolving credit arrangement at a base rate of 12 percent with a 3/8 percent commitment fee on the unused balance.

  How much should you be willing to pay for the bond

how much should you be willing to pay for the bond? Do not round intermediate steps. Round your answer to the nearest cent.

  Estimate the required rate of return

Determine the relationship between the price of a financial asset and the return that investors require on that asset, holding other factors constant?

  Determine the mortgage today

A local Bank is offering a thirty year mortgage with an EAR of 5 3/8%. If we plan to borrow $150,000, what will our monthly payment be? You have decided to refinance your mortgage and plan to borrow whatever is outstanding on your current mortgage.

  Calculate required down payment

The Smiths are purchasing a home that sells for $175,000. The lending institution is requiring a minimum down payment of 20%. To obtain a 20 year mortgage at 8 percent,

  Quarterly mortgage payment

If, over first year, there are quarterly repayments of $5 million on mortgage pool, how are the funds distributed.

  What annual rate of return would have to have been earned

What annual rate of return would have to have been earned on the account over an 18-year period?

  Calculate market risk premium

If the average annual rate of return for common stocks is 11.7%, and for treasury bills it is 4.0%, Calculate the market risk premium?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd