How much money will be in the account

Assignment Help Finance Basics
Reference no: EM132540297

You have decided to place $646 in equal deposits every month at the beginning of the month into a savings account earning 9.33 percent per year, compounded monthly for the next 14 years. The first deposit is made today. How much money will be in the account at the end of that time period? Round the answer to two decimal places.

Reference no: EM132540297

Questions Cloud

Convert the interest rate : A family buys a house worth $326,000. They pay $75,000 deposit and take a mortgage for the balance at J12=9% p.a. to be amortized over 30 years
Calculate landsborough lawns eoq for the rotor blade part : Calculate Landsborough Lawns's EOQ for the rotor blade part. Calculate Landsborough Lawns's annual relevant ordering cost for the EOQ
What amount should Caso record as income : What amount should Caso record as income from the lawsuit for the year ended December 31 2020
How organizations use balanced scorecards : This week we focus on the concept of the balanced scorecard. Please note what it is and how organizations use balanced scorecards.
How much money will be in the account : How much money will be in the account at the end of that time period? Round the answer to two decimal places.
Price discrimination is practice of charging : Price discrimination is the practice of charging different customers or groups of customer's different prices for the same product.
What the safety stock for zircon chemical would be : The lead time for each order is six weeks and the economic order quantity is 160 tonnes. The safety stock for Zircon's chemical would be?
What would be the total combined direct labor cost : Morie Corporation is working on its direct labor budget for the next two months. What would be the total combined direct labor cost
Find should the company accept the special order and why : The company normally charges $113 per trophy. Its manufacturing plant has the capacity to produce,Should the company accept the special order and Why?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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