How much money will accumulate in five years

Assignment Help Basic Computer Science

Reference no: EM131220051

Suppose you project that you will be able to deposit the following monthly amounts into a savings account for a period of five years. The account initially has no money in it.

At the end of each year in which the account balance is at least $3000, you withdraw $2000 to buy a certificate of deposit (CD), which pays 6 percent interest compounded annually.

Write a MATLAB program to compute how much money will accumulate in five years in the account and in any CDs you buy. Run the program for two different savings interest rates: 4 percent and 5 percent.

Reference no: EM131220051

Questions Cloud

Write a matlab function that lets the computer respond : The function's output should be the cell location of the computer's first move. Label the cells as 1, 2, 3 across the top row; 4, 5, 6 across the middle row, and 7, 8, 9 across the bottom row.

Calculate direct materials inventory and total cost : Calculate direct materials inventory, total cost, December 31, 2014. Calculate finished-goods inventory, total units, December 31, 2014. Calculate selling price in 2014. Calculate operating income for 2014.

What is the average age of the? company fixed assets : Bakiponi Corp. provides the following data from its recent financial? statements: What is the average age of the? company's fixed assets as of the end of? 2017?

Exercise 3b develop an efe matrix for hershey company : Exercise 3B Develop an EFE Matrix for Hershey Company. Join with two other students in class, and jointly prepare an EFE Matrix for Hershey.

How much money will accumulate in five years : Write a MATLAB program to compute how much money will accumulate in five years in the account and in any CDs you buy. Run the program for two different savings interest rates: 4 percent and 5 percent.

The amount of gross margin from the four transactions : Assume Beta Company uses the perpetual inventory method and engaged in the following transactions: 1) Purchased $12,000 of merchandise on account under terms 3/10, n/30. 2) Returned $1,200 (list price) of merchandise to the supplier before payment wa..

Write a matlab program that uses the switch structure : To start a weight W moving on a horizontal surface, you must push with a force F, where F = μW. Write a MATLAB program that uses the switch structure to compute the force F. The program should accept as input the value of W and the type of materia..

What is the implication for the firms financing activities : Suppose that the firm is prevented by bond covenants from issuing more debt. It is committed to increasing assets by 10 percent to support the forecast increase in sales, and it strongly believes that a dividend payment of $180 is in the best interes..

Compute earnings per share for the year ended : For the year ended December 31, 2016, Joey Co. reported Net Income of $800,000. At January 1, 2016 the company had 900,000 shares of common stock outstanding. Joey Co. also had $1,000,000 of 6% cumulative preferred stock. Compute Joey Co’s earnings p..

User Account

All Pages