How long will it be before you have enough to buy the car

Assignment Help Accounting Basics
Reference no: EM132895415

Question - You're trying to save to buy a new $140,000 Ferrari. You have $40,000 today that can be invested at your bank. The bank pays 5.0 percent annual interest on its accounts. How long will it be before you have enough to buy the car?

Reference no: EM132895415

Questions Cloud

Make reservations at restaurants and other venues : As you may be aware, OpenTable is an app that allows users to make reservations at restaurants and other venues.
Calculate the price of the bond : Crane issued $490,000 of 5%, S-year bonds on January 1, 2021. Interest is payable semi-annually. Calculate the price of the bond: (3) 4%, (b) 5%, and (c) 6%
Why type of talent development would be necessary to google : Why type of talent development would be necessary and beneficial to Google. Develop a rationale for a global taxonomy and certification.
Capital budgeting techniques : Think about some of the capital budgeting techniques you might use for some upcoming projects.
How long will it be before you have enough to buy the car : The bank pays 5.0 percent annual interest on its accounts. How long will it be before you have enough to buy the car
Federal reserve monetary policy : Discuss how changes in Federal Reserve's monetary policy affect at least 1 of 4 components of GDP (consumption, investment, government spending, net exports)
Theory of constraints : Theory of constraints (TOC) was successfully applied to improve a process, or where you saw the potential for TOC to improve the process,
What online training and development systems would recommend : If your organization uses e-learning, is it effective for training employees? What online training and development systems would recommend
Conflict management in culturally diverse projects : What key advice would you give to a project manager who is managing a culturally diverse project team and Conflict management in culturally diverse projects

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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