How many dollars of interest will you earn by end of term

Assignment Help Financial Management
Reference no: EM131043794

You have $420 in an account which pays 4.4% compounded annually. If you you invest your money for 9 years, then how many dollars of interest will you earn by the end of the term?

The amount of interest you will earn by the end of the term is $___

Reference no: EM131043794

Questions Cloud

Question regarding the confidence interval for the time : A random sample of 42 salespersons were asked how long on average they were able to talk to a potential customer. Their answers revealed a mean of 8.100000000 with a variance of 6 minutes. Construct a 95% confidence interval for the time it takes ..
Pay off the balance of his loan : Hank purchased a $28,000 car two years ago using a 8 percent, 4-year loan. He has decided that he would sell the car now, if he could get a price that would pay off the balance of his loan. What’s the minimum price Hank would need to receive for his ..
Confidence interval for the true time : A random sample of 76 people revealed it took an average (mean) of 60 minutes with a standard deviation of 8 minutes for a person to complete a loan application at the bank. Construct a 90% confidence interval for the true time it takes any person..
State the appropriate null and alternative hypotheses : A mail-order catalog claims that customers will receive their product within 3 days of ordering. A competitor believes this is an underestimate. State the appropriate null and alternative hypotheses to be tested by the competitor.
How many dollars of interest will you earn by end of term : You have $420 in an account which pays 4.4% compounded annually. If you you invest your money for 9 years, then how many dollars of interest will you earn by the end of the term?
What is the major purpose of depreciation : What is the major purpose of depreciation, and describe at least two ways in which assets can be depreciated. If the ABC Medical group purchased a machine that cost $28,000 and had an estimated useful life of 7 years and an estimated salvage value of..
What is the most expensive car you could afford : You have saved $5,000 for a down payment on a new car. The largest monthly payment you can afford is $350. The loan will have a 10% APR based on end-of-month payments. What is the most expensive car you could afford if you finance it for 48 months? W..
Prepare an adjusted trial balance : MAA261 Financial Accounting. Prepare an adjusted trial balance as at 31st March 2016. i.e. after posting all balance day adjustments. If the trial balance does not balance do not proceed until it does
Current market yield for bonds with slunk : You have determined Stock A has a beta of •1.56, and the market is expected to decline 10% over the next year. Using security market line analysis, how much would you expect the return of Stock A to rue or fall over the next year!

Reviews

Write a Review

Financial Management Questions & Answers

  Idealize an appropriate business entity and develop a

idealize an appropriate business entity and develop a 10-page business plan. the business plan should cover all aspects

  Public law and private law

1. What is law and why is it necessary? 2. Explain the difference between the following pairs:

  Recruit an agency force if everybody took your advice

After hearing the advice that it is usually best to buy life insurance from a person who has been in the business at least five years, a life insurance company general agent became upset and said rather vehemently, “How do you think we could recruit ..

  What is the present value of its growth opportunities

Tri-coat Paints has a current market value of $43 per share with earnings of $2.14. What is the present value of its growth opportunities (PVGO) if the required return is 5%?

  What is the present value of an investment

What is the present value (PV) of an investment?

  Q1amanda white has started a domestic cleaning business

q1amanda white has started a domestic cleaning business spotless view cleaning svc. she started the business on 1st may

  What is the company cost of new equity

Riverhawk Store (RS) dividends have been growing at 3 percent annually and are expected to continue this growth rate indefinitely. The company recently paid a dividend of $1.25 per share. Next year, it expects to add $3 million to retained earnings. ..

  What portion of the cost of the loan is at risk of changing

Use the information for York Corporation to answer following question(s). Use an Excel spreadsheet that shows all your work with step-by-step explanations. Make sure your final answer is clearly identified. What portion of the cost of the loan is at ..

  Agreed to accept annual payments

Cromwell Enterprises is acquiring Athens, Inc. for $899,000. Athens has agreed to accept annual payments of $210,000 at an interest rate of 8.5 percent. How many years will it take Cromwell Enterprises to pay for this purchase?

  In order to accumulate enough money for a down payment

In order to accumulate enough money for a down payment on a house, a couple deposits $674 per month into an account paying 6% compounded monthly. If payments are made at the end of each period, how much how much will be in the account in 5 years?

  How much will our new proposal cost the taxpayers

Our new project proposal will require roughly 500 hours of total staff time and $1,000 in materials. Our total staff budget is $520,000 for 10 full time equivalents (FTE). How much will our new proposal cost the taxpayers?

  What is the companys basic earning power-equity multiplier

What is the company's basic earning power? What is the company's equity multiplier? What is the company's sustainable growth rate assuming that debt rations do not change? How much additional debt will the company require to keep the current debtequi..

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