User Account

All Pages

How much will your annual payments be

Assignment Help Accounting Basics
Reference no: EM131520624

Assignment

1. What will $ 150,000 grow to be in 10 years if it is invested today in an account with a quoted annual interest rate of 9% with monthly compounding of interest?

2. How many years will it take for $345,000 to grow to be $764,000 if it is invested in an account with a quoted annual interest rate of 10% with monthly compounding of interest?

3. At what quoted annual interest rate must $ 198,000 be invested so that it will grow to be $450,000 in 19 years if interest is compounded weekly?

4. You are offered an investment with a quoted annual interest rate of 19% with quarterly compounding of interest. What is your effective annual interest rate?

5. You are offered an annuity that will pay $34,000 per year for 12 years (the first payment will occur one year from today). If you feel that the appropriate discount rate is 11%, what is the annuity worth to you today?

6. If you deposit $14,000 per year for 11 years (each deposit is made at the end of each year) in an account that pays an annual interest rate of 12%, what will your account be worth at the end of 10 years?

7. You plan to borrow $423,000 now and repay it in 20 equal annual installments (payments will be made at the end of each year). If the annual interest rate is 10%, how much will your annual payments be?

8. You are told that if you invest $ 10,000 per year for 22 years (all payments made at the end of each year) you will have accumulated $321,000 at the end of the period. What annual rate of return is the investment offering?

9. You are offered an annuity that will pay $15,000 per year for 2 years (the first payment will be made today). If you feel that the appropriate discount rate is 9%, what is the annuity worth to you today?

10. If you deposit $ 10,000 per year for 12 years (each deposit is made at the beginning of each year) in an account that pays an annual interest rate of 10%, what will your account be worth at the end of 10 years?

Reference no: EM131520624

Questions Cloud

How is the image of the statue of liberty used in this story : How is the image of the Statue of Liberty used in this story? It reveals the destination that the family reached, showing that the family is adventurous
Explain the overseas expansion strategy : S is a company which has traded very successfully within its domestic market for many years. It has achieved high levels of profitability in providing ground.
Identify admissible evidence to be included in boe : Identify admissible evidence to be included in BOE - Identify non-admissible evidence - identify admissible evidence for each element to ensure sufficient to proceed to prosecution
Discuss the loss of market share with a consequent : It has been stated that an industry or a market segment within an industry goes through four basic phases of development.
How much will your annual payments be : You plan to borrow $423,000 now and repay it in 20 equal annual installments. If the annual interest rate is 10%, how much will your annual payments be?
Centers for disease control and prevention : Use either a local healthcare agency (i.e., County Health Department, etc.) or healthcare facility (i.e., clinic, hospital, or nursing home) to research 2-3.
How does lincoln convey the idea that unity must emerge : How does Lincoln convey the idea that unity and compassion must emerge after the war ends? He explains how the war will heal and cleanse the country
What would be the net present value of this decision : What would be the net present value of this decision?
How will resources impact the decision to move to country : How will this impact the decision to move to the country that you selected? How will this impact your competitive strategy in your global market?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Important characteristics of generally accepted accounting

Explain the important characteristics of Generally Accepted Accounting Principles or standards. Why are these characteristics of GAAP important?

  Zollars cane products inc processes sugar cane in batches

zollars cane products inc. processes sugar cane in batches. the company buys a batch of sugar cane from farmers for 70

  Actual manufacturing overhead

Kuczenski Corporations cost formula for its manufacturing overhead is $45,700 per month plus $53 per machine hour. For the month of March, the company planned for activity of 6,200 machine-hours, but the actual level of activity was 6,150 machine ..

  Sources for determining the population growth

What are some possible sources for determining the population growth and health risk factors for the areas in which many of the nurses find employment?

  Accounts under an accounting equation

The interest rate is applied to the outstanding monthly balance. For example, Hulse pays 6% (5% = 1%) annual interest on $70,000 for the month of January. Organize the information in accounts under an accounting equation.

  What is the target cost

a. What is the target cost? By how much will Pizza Pies need to cut costs in order to achieve the target cost? b. Identify places in the Pizza Pies Limited value chain where possible savings could be achieved to meet the target cost.

  On january 1 2007 korizan company adopted a plan to

on january 1 2007 korizan company adopted a plan to accumulate funds to retire 8000000 of bonds payable which are due

  Harwell company manufactures automobile tires

Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and payment on August 15, 2011.

  Each unit requires 3 pounds of raw materials costing 2 per

moreno industries has adopted the following production budget for the first 4 months of 2013. month units month units

  On what date does this note mature

Keesha Co. borrows $ 200,000 cash on November 1, 2013, by signing a 90 day, 9% note with a face value of $ 200,000.

  Last month 22000 pounds of material were purchased and

last month 22000 pounds of material were purchased and 18000 pounds were used. if the actual cost per pound of the

  Tom a calendar year taxpayer filed his 2006 federal income

tom a calendar year taxpayer filed his 2006 federal income tax return on april 1 2007. in 2011 the irs audits this

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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