How much will she accumulate in the account after 40 years

Assignment Help Econometrics
Reference no: EM13189029

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 account after 40 years have passed?

Reference no: EM13189029

Questions Cloud

What was growth rate of nominal gdp between 1999 and 2000 : Year nominal gdp gdp deflator ( base year 1996) 2000 9873 118 1999 9269 113 a.what was the growth rate of nominal gdp between 1999 and 2000 b.what was the growth rate of the gdp deflator between 1999 and 2000
How long will take to walk from first floor to eight floor : It takes you 50 seconds to walk from the first(ground) floor of a building to the fourth floor. How long will it take to walk from the first floor to the eight floor( at the same pace, assuming that all floors have the same height)
Why is it important to have a communication plan : Why is it important to have a communication plan and produce a small version of the communication plan that includes at least two key entries that you would expect for this project.
What is the length of the radius of the circle : the graph of the circle of the equation below is a circle. What is the length of the radius of the circle?
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..
What are the magnitude and direction of its acceleration : The force exerted by the wind on the sails of a sailboat is Fsail = 340 N north. The water exerts a force of Fkeel = 150 N east. If the boat (including its crew) has a mass of 320 kg, what are the magnitude and direction of its acceleration?
Find the dimensions of the aquarium : The base of an aquarium with volume V = 220 is made of slate and the sides are made of glass. If slate costs five times as much (per unit area) as glass, find the dimensions of the aquarium that minimize the cost of the materials.
How many students are taking college algebra : At East Zone University (EZU) there are 482 students taking College Algebra or Calculus. There are 353 students taking College Algebra, 146 students taking Calculus, and 17 students taking both College Algebra and Calculus. How many students are t..
What was the effective interest rate the engineer paid : The amount of the loan was $23,800, and it had an interest rate of 10% per year. However, because the new graduate had not built up a credit history, the bank made him buy loan-default insurance that cost 5% of the loan amount.

Reviews

Write a Review

Econometrics Questions & Answers

  Calculate measurement error using mse and mad

Calculate a 5-year weighted moving average to forecast the number of mergers for 2012. Use weights of 0.10, 0.15, 0.20, 0.25, and 0.30, with the most recent year weighted being the largest. Use regression analysis to forecast the number of mergers..

  Efficiency difference in government bureaus and private firm

How do the government bureaus different from private companies discuss why is there good reason to believe that bureaucrats will seek to supply more than efficient level of their output in any year?

  Define unemployment in the cattle industry

Determine unemployment in the cattle Industry. Explain a current status of unemployment in the Cattle Industry.

  What is the effective interest rate

Barry, a Texas Crude Company engineer who did not take Engineering Economy while studying at Tech, recommended that Texas Crude purchase a special tool to reduce the cost of pumping oil out of the bayous of St. Martin Parish. As a result of Barry'..

  Find tr and mr

Quantity.Price .Total Revenue. Marginal Revenue 0 55 10   50    20   45   30   40   40   35   50   30 Please find TR and MR

  Determine the total tax paid by producer

Suppose the demand for a product is given by P = 50 - Q. Also, the supply is given by P = 10 + 3Q. If a $12 per unit excise tax is levied on the buyers of a good, after the tax,what is the total quantity of the good sold.

  What is the expected return on the equity

Company A just paid a $3.00 dividend per share. The dividend is expected to grow at a 4% rate indefinitely. The beta of the stock of Company A is 1.5. The market risk premium is 8% and the risk-free rate is 3%. (a) What is the expected return on t..

  Draw a histogram of household size variable

Draw a histogram of household size variable. On the histogram, mark in the mean and median. Comment on the shape of the distribution and what are the mean and standard error of your sampling distribution

  How might you construct a measure of the change in the price

Define inflation. Assume that you live in a simple economy in which only three goods are produced and traded: fish, fruit, and meat. Suppose that on January 1, 2007, fish sold for $2.50 per pound, meat was $3.00 per pound, and fruit was $1.50 per ..

  How should the firm charge in these markets

Suppose that you are hired as consultant to a firm producing a therapeutic drug protected by a patent that gives a firm a monopoly in two markets. The drug can be transported between the two markets at no cost. The demand schedule in the first mar..

  What can you do to boost profits

This is, in part due to the fact that the company spent 1.2 billion developing the drug and obtaining FDA approval. An economist has estimated that, at the current price of $1.25 per pill, the own price elasticity of demand for the drug is -2.5.

  Determine the possibility of declining average costs

Give a numerical example to show that a monopolist's marginal revenue can be upward sloping over part of its range. Hint: The price on the demand curve is the producer's average revenue. Think of a graphic that shows the possibility of declining a..

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