How much will you have in the account in six years

Assignment Help Financial Management
Reference no: EM131300172

Fowler Credit Bank is offering 6.1 percent compounded daily on its savings accounts. You deposit $4,500 today.

How much will you have in the account in 6 years? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

 Future value $   

How much will you have in the account in 11 years? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

 Future value $   

How much will you have in the account in 18 years? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

 Future value $

Reference no: EM131300172

Questions Cloud

Cost of goods sold equals gross profit : Only service companies report both cost of goods sold and gross profit. Cost of goods sold is the largest expense item for many firms. Cost of goods sold is not affected by the choice of inventory valuation method. Cost of goods sold equals gross pro..
Effective annual return of eight percent on this investment : Peter Lynchpin wants to sell you an investment contract that pays equal $12,100 amounts at the end of each year for the next 21 years. If you require an effective annual return of 8 percent on this investment, how much will you pay for the contract t..
What rate would legally have to be quoted : A local finance company quotes an interest rate of 19.3 percent on one-year loans. So, if you borrow $45,000, the interest for the year will be $8,685. Because you must repay a total of $53,685 in one year, the finance company requires you to pay $53..
What is required reporting for discontinued operations : What is the required reporting for discontinued operations?
How much will you have in the account in six years : Fowler Credit Bank is offering 6.1 percent compounded daily on its savings accounts. You deposit $4,500 today. How much will you have in the account in 6 years? How much will you have in the account in 18 years?
Creation of a deferred tax account on the balance sheet : What causes the creation of a deferred tax account on the balance sheet?
Classified as liabilities : Which items would be classified as liabilities?
Using discounted cash flow and relative valuation : What is Book to Value ratio? What are the usefulness? What are the shortcomings? What are the advantages and disadvantages of using Discounted Cash Flow and relative valuation? Please explain. Which types of financial institutions do you deal with (l..
What is current price of the bond : Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1,000, 15 years to maturity, and a coupon r..

Reviews

Write a Review

Financial Management Questions & Answers

  What is the cost of equity

Johnson Tire Distributors has an unlevered cost of capital of 13 percent, a tax rate of 34 percent, and expected earnings before interest and taxes of $1,700. The company has $3,200 in bonds outstanding that have a 6 percent coupon and pay interest a..

  Primary equity interest only debt

The residual position (the portion retained by the issuer) in the CMO offering is considered which kind of position? Primary Equity Interest only Debt

  House Mountain Breweries planning an IPO

House Mountain Breweries (HMB) is planning an IPO. Its underwriters have said that the stock will sell at $25 per share. The direct costs (legal, printing, etc.) will be $750,00. The underwriters will charge a 7 percent spread. How many shares must H..

  Consider two mutually exclusive projects with the cash flows

Consider two mutually exclusive projects with the following cash flows: Project S is a 4 year project with initial (time 0) cash outflow of 3000 and time 1 through 4 cash inflows of 1500, 1200, 800 and 300 respectively. Project L is a 4 year project ..

  If you deposit those payments into an account earning

An investment will provide you with $100 at the end of each year for the next 10 years. What is the present value of that annuity if the discount rate is 8% annually? What is the present value of the above if the payments are received at the beginnin..

  Investors expectation of price of stock at the end of year

A share of stock with a beta of .83 now sells for $58. Investors expect the stock to pay a year-end dividend of $3. The T-bill rate is 6%, and the market risk premium is 9%. If the stock is perceived to be fairly priced today, what must be investors'..

  Stock had initial price-ending share price

Suppose a stock had an initial price of $62 per share, paid a dividend of $2.50 per share during the year, and had an ending share price of $49. Compute the percentage total return. also what was the dividend yield and the capital gains yield?

  Issues zero coupon bonds on the market

Atlantis Fisheries issues zero coupon bonds on the market at a price of $492 per bond. These are callable in 9 years at a call price of $550. Using semi annual compounding, what is the yield to call for these bonds?

  Regarding a growing annuity problem

Assume the following regarding a growing annuity problem: Your salary at the end of the last year that you work is $90,000. You would like your income stream to begin at the end of your first year of retirement with a payment equal to 70% of your las..

  Productions pays no dividend at the present time

Yesteryear Productions pays no dividend at the present time. The company plans to start paying an annual dividend in the amount of $2 a share next year, $4 a share the following year and then the company plans on increasing the dividend 10% annually...

  Assume the price of the car remains constant

You're trying to save to buy a new car valued at $48,690. You have $38,000 today that can be invested at your bank. The bank pays 3.7 percent annual interest on its accounts. How long will it be before you have enough to buy the car for cash? Assume ..

  Calculate the restocking costs

Clap Off Manufacturing uses 2,300 switch assemblies per week and then reorders another 2,300. Assume the relevant carrying cost per switch assembly is $6.00 and the fixed order cost is $570. Calculate the restocking costs. Calculate the economic orde..

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