How much was in account ten years after deposit was made

Assignment Help Financial Management

Reference no: EM131065625

Six years after Mr. Robertson deposited $7110.00 in a savings account that earned interest at 6.8% p.a., compounded semi-annually, the interest was changed to 7.2% p.a., compounded quarterly. How much was in the account ten years after the deposit was made?

Reference no: EM131065625

Questions Cloud

Common equity is raised as retained earnings : PNC’s target capital structure calls for 15% debt, 2% preferred stock, and 83% com- mon equity, all taken at market value. Assuming that new capital is raised in these percent- ages and that all common equity is raised as retained earnings, what is P..

Developed new universal titanium replacement mixer blades : MU just developed new universal titanium replacement mixer blades. These replacement blades can be used in most mixers currently on the market. MU is selling these blades with a right of return for 30 days. Based on the new guidance on revenue recogn..

Yield the same amount of interest as investment described : Leo wishes to invest $8000.00 that he saved from his summer job. His bank offers 3.75% for a one-year term investment or 3.5% for a six-month term. Help Leo to investigate his options. How much will Leo receive after one-year if he invests for six-mo..

How many months before the due date was the note discounted : A five-year, $2000.00 note bearing interest at 10% compounded annually was discounted at 12% compounded semi-annually yielding proceeds of $1900.00. How many months before the due date was the note discounted?

How much was in account ten years after deposit was made : Six years after Mr. Robertson deposited $7110.00 in a savings account that earned interest at 6.8% p.a., compounded semi-annually, the interest was changed to 7.2% p.a., compounded quarterly. How much was in the account ten years after the deposit wa..

What rate of return did he get on the investment : Darren purchased $250 000 in 364-day T-bills 315 days before maturity to yield 2.86%. After holding it for 120 days, Darren sold the T-bill for a yield of 3.25%. How much did Darren pay for the T-bills? When Darren sold the T-bills, what rate of retu..

Increase receivables turnover : If a firm's sales are $1,500,000 and it costs 9 percent to carry current assets, what is the potential savings if management can increase inventory turnover from 3 to 4 times a year and increase receivables turnover from 4.5 to 6 times a year?

How are networking capital-risk-profitability are related : How are networking capital, risk, and profitability are related? Explain. What is the relationship between key components of cash conversion cycle? What are the strategies to minimize the CCC and why is it important?

Discuss why it is important to define the insured : Discuss: (1) Why it is important to define the insured? (2) the importance of the availability of riders? For example, I may want to add an optional disability benefit to my life insurance contract, you may not. (3) Why the three major types of exclu..

User Account

All Pages