How much is this investment worth now

Assignment Help Macroeconomics
Reference no: EM13324299

Jim Duggan made an investment of $10,000 in a saving account 10 years ago. This account paid interest of 5½% for the first 4 years and 6½% interest for the remaining 6 years. The interest charges were compounded quarterly. How much is this investment worth now?

Reference no: EM13324299

Questions Cloud

How many transfer and withdraw slips are needed on friday : Each bank teller workstation is forecasted to process 400 transactions (the end-tem) on Friday. The bank is open from 9 a.m. to 7 p.m. on Friday with 90 minutes for lunch and breaks. Three teller windows are open on Friday. A owrk-study analysis reve..
Perform an ethical analysis : Scheduling people to work second and third shifts (evening and “graveyard”) is a problem in almost every 24-hour company. There can be potentially dangerous issues on the night shift. In addition, ergonomic data indicate the body does not respond wel..
Groupware as constituting an interesting set of problems : The home page for Module 3 describes groupware as constituting an interesting set of problems for IT professionals today. What are some of these problems, what are some strategies an organization might adopt to manage groupware and it's related probl..
Accounts for the rise of conspiracy theories : What do you think accounts for the rise of conspiracy theories that are offered as explanations for the assassinations of the great leaders of the 1960s
How much is this investment worth now : Jim Duggan made an investment of $10,000 in a saving account 10 years ago. This account paid interest of 5½% for the first 4 years and 6½% interest for the remaining 6 years. The interest charges were compounded quarterly.
What interest rate did she obtain on her investment : A woman made 10 annual end-of-year purchases of $1000 worth of common stock. The stock paid no dividends. Then for 4 years she held the stock. At the end of the 4 years she sold all the stock for $28,000.
What about his future career : Joe the Plumber runs a competitive firm. He does 20 works per week, and charges $50 per week. His total cost each week is $1200, of which $300 is Fixed cost. Draw a diagram about his short and long run decision.
Find all pure-strategy nash equilibria in the game below : Find all pure-strategy Nash equilibria in the game below. List each Nash equilibrium in (Player 1’s Strategy, Player 2’s Strategy) form.
Why do you think the stock market has performed or offered : Why do you think the stock market has performed or offered higher return than the bond market in the last 30 years? Why do you think gold is dong so well recently? Briefly discuss

Reviews

Write a Review

Macroeconomics Questions & Answers

  How to conclude that s2 is a rationalizable strategy

Suppose that in some two-player game, s1 is a rationalizable strategy for player 1. If s2 is a best response to s1, is s2 a rationalizable strategy for player 2? Explain Suppose that in some two-player game, s1 is a rationalizable strategy for pla..

  Four phases of business cycle

What is the business cycle and how is it linked to a secular trend?  Describe each of the four phases of the business cycle and indicate how they a linked to the concepts of a "boom", a "recession" and an "expansion".

  Unemployment agency that distributes unemployment

You work for an unemployment agency that distributes unemployment checks to unemployed workers in your state.

  What do these numbers tell you about the price level

The CPI for Zippa Republic was 111.9 in December 2007, 114.6 in December 2008, and 116.2 in December 2009.What do these numbers tell you about the price level in these three years?

  Change in the supply and demand

Identify some factors that led to change in supply or demand within article and explain what occurred to change the demand for, or supply of, the good or service, and market values of thos products or services.

  What is the price elasticity of deman for this service

If the local car wash changes its price for a supreme wash from $13 to $16 and the number of customers change per day from 50 to 40, what is the price elasticity of deman for this service? Is the demand for this service relatively elastic or rela..

  Multiple choice questions on macroeconomics

During 2003 the value of oil increased, which in turn caused the price of natural gas to increase. This can best be explained by saying that oil and natural gas are:

  Calculate short run firm supply

Farm Fresh Corporation supplies sweet peas to canneries located throughout the Mississippi river Valley Like many grain and commodity markets, market for sweet peas is perfectly competitive.

  What is an estimate for the average typing speed

To determine the average typing speed of 700 students who just finished word processing 101, a group of 20 students is randomly selected. It is determined that the average typing speed is 47 words per minute.

  By how much does the market overproduce the good

Assume that the product depicted below generates external costs in consumption of $4 per unit. What is the socially optimal output By how much does the market overproduce this good

  Do you have frequently ended stock market rallies

Do you have frequently ended stock market rallies and led to declines in all major stock indexes.explain why rising oil prices have negatively impacted US equity markets.

  Should the monopolist try to deter entry by setting a limit

Now suppose that the monopolist fears entry, but thinks that other firms could produce the product at a cost of $15 per unit (constant marginal and average cost) and that many firms could potentially enter. How could the monopolist list attempts t..

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