How much will you have if you make deposits

Assignment Help Financial Management

Reference no: EM13972038

If you deposit $4,000 at the end of each of the next 20 years into an account paying 9.7 percent interest, how much money will you have in the account in 20 years? How much will you have if you make deposits for 40 years?

Reference no: EM13972038

Questions Cloud

What questions does the article leave unanswered : Explain if these studies were observational, experimental, technological or some combination of the three. If applicable, identify the independent and (at least one) dependent variables. What possible confounding variables are present in the stud..

Identifies the major social institutions in society : Write a 700- to 1,050-word essay explaining the content of the video based on your assigned sociological theoretical approach. Prepare an introduction that identifies the major social institutions in society and why they are important. Describe each ..

Tax laws are based on several important doctrines : The assignment of income doctrine - states that income must be taxed to the entity that renders the service or owns the capital with respect to which the income is paid. The economic substance doctrine - holds that a transaction that changes the taxp..

What is the present value of the savings : Your company will generate $57,000 in annual revenue each year for the next seven years from a new information database. If the appropriate interest rate is 7.8%, what is the present value of the savings?

How much will you have if you make deposits : If you deposit $4,000 at the end of each of the next 20 years into an account paying 9.7 percent interest, how much money will you have in the account in 20 years? How much will you have if you make deposits for 40 years?

Fixed rate mortgage to buy a new home : You need a 30-year fixed rate mortgage to buy a new home for $240,000. Your mortgage bank will lend you the money at an APR of 5.25 % for this 360 month loan, However you can afford monthly payments of only $975, so you offer to pay off any remaining..

Callaway prepays insurance on march 31 each year : Depreciation for the current year includes Office Furniture, $1,000 and Equipment, $2,700. Make a compound entry. Callaway prepays insurance on March 31 each year. At December 31, $600 is still prepaid. Callaway pays employees each Friday. The amount..

Which factor does not influence voting practices : Which factor does not influence voting practices? Which term describes the assignment of students to specific education programs and classes on the basis of test scores, previous grades, or perceived ability

Time value of money is important aspect of money management : Time value of money is an important aspect of money management. Why is it important to know what interest rates, terms of an agreement, and present value are in relationship to future value when making financial decisions?

User Account

All Pages