User Account

All Pages

How much will she have saved for a down payment

Assignment Help Accounting Basics
Reference no: EM133033485

Question - Jenna would like to purchase a new car in three years. If she saves? $1,700 per year in an account that pays 8% annual interest for the next 3 years, how much will she have saved for a down payment?

Values for i = 8%, n = 3

Present value of an ordinary annuity of $1 2.577

Present value of $1: .772

Future value of an ordinary annuity o? $1 3.246

Future value of $1: 1.260

A. $6,081

B. $4,381

C. $6,412

D. $5,518

Reference no: EM133033485

Questions Cloud

Calculate net sales revenue : Question - From the following? details, calculate net sales revenue. Sales Discounts Forfeited 7,000 and Interest Revenue 8,000
What types of influence would become more important : Can an organization run effectively without leaders having some form of organizational power?
Four main types of organizational cultures : What are the four main types of organizational cultures? Give one characteristics and one challenges of each culture.
What is the key to a successful global assignment : What is the key to a successful global assignment? Why do some assignments fail?
How much will she have saved for a down payment : If she saves $1,700 per year in an account that pays 8% annual interest for the next 3 years, how much will she have saved for a down payment
Controversial issue in recent years : Choose a major sport (NBA, NFL, etc) and discuss its player union. Included details, leadership, mission, and a controversial issue in recent years.
Find an example online of a league advertisement : Find an example online of a league advertisement and submit a working link. What is the focus?
What would you do to make a team work well together : 1. What do you think of Jeff Bezos of Amazon who feels the size of a team should be no bigger than one that can served by two pizza pies?
What is the cost of goods sold : The following is the year ended data for Tiger? Company: Beginning Finished Goods Inventory ?1,800. What is the cost of goods? sold

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd