How much accumulated interest and principal will they have

Assignment Help Macroeconomics
Reference no: EM13335363

Leon and Heidi decided to invest $3,000 annually for only the first eight years of their marriage. The first payment was made at age 25. If the annual interest rate is 10%, how much accumulated interest and principal will they have at age 65?

Reference no: EM13335363

Questions Cloud

Discuss the advantages and disadvantages of each approach : A backbone network can be constructed as a switched backbone, a routed backbone or a VLAN backbone. Each of these approaches has its advantages and disadvantages.
What is the current stock price at the end of the year : a stock's expected dividend payment at the end of the year (d1) is $1. the required rate of return is r(s)= 11%, and the growth rate of the dividend is constant at 5%. what is the current stock price
Design a simple layout of omni directional antennas : Consider a warehouse that is 60m by 30m. Wireless networking is required so that up to 20 staff members working in the warehouse can track stock movements and perform stock checks using mobile devices.
Explain what is boyle''s law constant if a sealed rigid : what is Boyle's law constant if a sealed rigid container with a volume of 650 mL has a pressure of 131.1 kPa
How much accumulated interest and principal will they have : Leon and Heidi decided to invest $3,000 annually for only the first eight years of their marriage. The first payment was made at age 25. If the annual interest rate is 10%, how much accumulated interest and principal will they have at age 65?
What is the maximum data capacity for traffic : What is the maximum data capacity for traffic between Hornsby and North Ryde? What is the maximum data capacity for traffic between Hornsby and the City store? [Short answer]
Explain the concentration of the dye in a solution : what is the concentration of the dye in a solution with a percent transmittance reading of 45.8% at 640 nm
Determine how much will be in the account after 5 years : It is now January 1. You plan to make a total of 5 deposits of $300 each, one every 6 months, with the first payment being made today. The bank pays a nominal interest rate of 14% but uses semiannual compounding.
The multiplier and the marginal propensity to consume will : If in an economy a $150 billion increase in investment spending creates $150 billion of new income int he first round of the multiplier process and $105 billion in the second round, the multiplier and the marginal propensity to consume will be, respe..

Reviews

Write a Review

Macroeconomics Questions & Answers

  Elucidate why relatively flat as opposite relatively steep

Elucidate why relatively flat as opposite relatively steep labor demand curves are more consistent.

  What changes would make more economic sense

Currently XYZ's compensation system is such that only top managers receive compensation based on the company's performance, while everybody else in the company receives a fixed salary. Moreover, top managers have full discretion over the launch of..

  What are the pure-strategy nash equilibria to the game

Three friends (Julie, Kristin, and Larissa) independently go shopping for dresses for their high-school prom. Upon reaching the store, each girl sees only three dresses worth considering: one black, one lavender, and one yellow.

  The value of real gdp in 1997

The value of real GDP in 1997? The value of nominal GDP in 1998? The rate of inflation between 1997 and 1998?

  Is price elasticity of gasoline elastic over a short period

Explain the relationship between the price elasticity of demand and total revenue. 2. Is the price elasticity of gasoline more elastic over a shorter or a longer period of time? Explain. 3. Determine whether each of the following is an explicit c..

  What was the implied change in income as a result

In order to financially stimulate the nation, the Federal government injected $900 billion dollars into the economy. However, the results were less than spectacular. One reason could have been a failure to understand the marginal propensity to co..

  Economy also decreases taxes on all individuals except

The federal government, in an effort to stimulate the economy also decreases taxes on all individuals except those earning over $250,000 per year.

  Explain why did the us abandon the standard in the first

Our currencies value vis a vis other currencies. Explain why did the US abandon the standard in the first place.

  Discuss comment on the current issue of exporting jobs

In light of the theory of comparative advantage, "Are Any Restrictions On Free International Trade Advantageous. Discuss comment on the current issue of "Exporting Jobs".

  Explain why should a government be concerned with pricing

Explain why should a government be concerned with the pricing of products that a company transfers.

  Explain specific effects of price controls at given prices

Identify and explain specific effects of price controls at given prices. Using the hypothetical information in the table on the market for gasoline, complete the following questions: Price of Gasoline (per gallon) Quantity Demanded

  Give two explanations for the-one based on the benefits

Most college students are under age 25. Give two explanations for this-one based on the benefits people of different ages are likely to receive from higher education and one based on the opportunity costs of a college education to students of diffe..

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