In how many months would you have enough saved for roof

Assignment Help Finance Basics

Reference no: EM131965607

Question: You decide to replace the existing roof on your house for a cost of $25,000. You decide to save $1,200 per month in an account that pays 4 percent annual interest, compounded monthly. In how many months would you have enough saved in the account to purchase a new roof?

Reference no: EM131965607

Questions Cloud

Calculate the price-recovery component : Calculate the cost of inputs in 2015, assuming no productivity change from 2014 to 2015. Calculate the price-recovery component.

Determine the net present value of project based on discount : If the projects are not mutually exclusive, which project(s) would you accept if the discount rate is 9 percent?

What will the share price be when the market learns : what will the share price be when the market learns of the new product - Equity holders will prefer projects that pay off slower even if these projects

Constructing tables with microsoft access : Construct an Access database with two tables using the graphical capabilities of the product (vs. SQL). One table is called STUDENTS and has fields for Student

In how many months would you have enough saved for roof : You decide to replace the existing roof on your house for a cost of $25,000. You decide to save $1,200 per month in an account that pays 4 percent annual.

What is the market value of corporate bonds : In order to get an estimate of cost of capital, KHC collect the following information. KHC has 310,000 shares of common stock outstanding, 15,000 shares.

Membership in a set of values or fields : After the field name, use the 'in' operator followed by the set items surrounded by braces . Use the following filter tcp.port in {80 53 8080}.

How many balloons were in process at the end of january : The production process to make balloons began January with 20,000 balloons in process. How many balloons were in process at the END of January?

What position should the company take in the contracts : The December Eurodollar futures contract is quoted as 98.40 and a company plans to borrow $8 million for three months starting in December at LIBOR plus 0.5%.

User Account

All Pages