How much money will you accumulate for an interest rate

Assignment Help Econometrics
Reference no: EM13206709

One of life's great lessons is to start early and save all the money you can! If you save two dollars today and two dollars each and every day thereafter until you are 60 years old, how much money will you accumulate(say,$730 per year for 35 years) if the annual interest rate is 7%?

Reference no: EM13206709

Questions Cloud

Define the solids are mutually immiscible : Benzene (A) melts at 6 0C and diphenylmethanol (B) melts at 65 0C. The solids are mutually immiscible. There is a eutectic at 1 0C, the eutectic solution being 20 mol % in B, and an unstable compound, AB2,
How many different selections can a customer make : Customers selecting one of these cars have a choice of three engine sizes, four body styles, and three color schemes. How many different selections can a customer make?
Why is the soft drink industry so profitable : a. Why is the soft drink industry so profitable during the years in this case b. Update the profitability what has happened to Coke and Pepsi in the last five years c. Coke and Pepsi have been the dominant players in this market. Today, what market..
How does this relate to the greenhouse effect : Global warming is related to increased greenhouse gas emissions. Aren"t they the same? No Separate issues, separate pollutants. How does this relate to the greenhouse effect?
How much money will you accumulate for an interest rate : One of life's great lessons is to start early and save all the money you can! If you save two dollars today and two dollars each and every day thereafter until you are 60 years old, how much money will you accumulate
Characteristics of negro expression : What is Zora Neale Hurston's piece "Characteristics of Negro Expression" about and how does it contrast to Langston Hughes piece "The Negro Artist and the Racial Mountain"
State automobile clocked by law-enforcement radar : Consider a 2430-lb automobile clocked by law-enforcement radar at a speed of 85.5 mph (miles/hour). If the position of the car is known to within 5.0 feet at the time of the measurement, what is the uncertainty in the velocity of the car?
What is a stakeholder : What role does the target research population play in reference to recruitment and retention strategies? What are some possible recruitment and retention challenges a researcher may experience?
Compare the number of floating point operations : Compare the number of floating point operations (see "flops") needed by the two approaches to spectral differentiation which method is preferable?

Reviews

Write a Review

Econometrics Questions & Answers

  How to produce forecasts from the data

a) Use exponential smoothing with a smoothing constant of .6 to produce forecasts from the data. Use 2500 as your forecast of demand for week 2. b) Use exponential smoothing with a smoothing constant of .3 to produce forecasts from the data. Use ..

  What happens to firm stock price

Investors know for sure that the CEO of firm A will undertake an investment that will yild $100 million profit next year and then $2 million each year after that for 10 years. They also know for sure that the CEO of firm B will undertake an invest..

  Obtain the desired salvage value after tax rate of return

An investment of 120,000 will produce an initial annual benefit of $29,000, but the benefits are expected to decline $3,000 per year making second year benefits $26,000, third year benefits $23,000, and so forth.

  How much time would it take the two to complete the project

Gary and Diane must prepare a presentation for their marketing class. As part of their presentation, they must do a series of calculations and prepare 50 PowerPoint slides. It would take Gary 10 hours to do the required calculation and 10 hours to..

  How to specializes in mergers

The four-firm concentration ration for the 494 breweries operating in the US is 91 percent, your team has put together a report suggesting that the merger does not present antitrust concerns even though the two firms each enjoy a 15 percent share ..

  How the analyst could use the data to predict gross benefits

Predict gross benefits if admission is set at $1.00 and Dryville has marginal excess tax burden of 0.25. In answering this question, assume that the fees are used to reduce taxes that would otherwise have to be collected from the citizens of Dryvi..

  Which of the two investments is more risky

An individual has to choose between investment A and investment B. The individual estimates that the income an dprobability of the income from each investment are as given in the following table Using Excel statistical tools, ca..

  What would happen if cpi decide to raise prices unilaterally

One question that arose during the meeting was about how the firm's profitability in their toothpaste division would be impacted by the expansion. The Board asked you to assess the profit potential using marginal analysis.

  What is the optimal price of the textbook

What is the optimal price of the textbook from the author's point of view and by how much would the demand for the textbook change if advertising were increased by 2%?

  How much will she accumulate in the account after 40 years

You spendthrift cousin want to buy a fancy watch for $425. Instead, you suggest that she buy an inexpensive watch for $25and save the difference of $400 for 40years in account earning 9% interest per year.how much will she accumulate in this accoun..

  Determine what is the value of the multiplier

Consider the following model of a closed economy (Smallville): MPC = 0.8 - 0.01Y (marginal propensity to consume) C = MPC x YD (consumption function) YD = (Y - T) (disposable income) I = 500 (investment spending) G = 1,500 (government spending)

  Determine the marr

Valles Global Industries has a small division that addresses the oil business. Currently, they are thinking about a pumping problem in the Durango Quadrant. They have an existing pump that will extract 50% of the known crude-oil reserve in the f..

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