User Account

All Pages

Investment of alicia accumulated and ongoing savings

Assignment Help HR Management
Reference no: EM131383939

Ms. Alicia Weir has been able to accumulate $10,000 in savings from her end-of-month salary and is seeking to invest this amount plus the regular monthly salary savings of $400 into a suitable investment. Given her risk profile, the People's Preference Credit Union has been selected as the best financial intermediary to place her funds. The credit union has offered her a high-interest savings account with an interest rate of 8% compounded monthly for the next 4 years for the investment of Alicia's accumulated and ongoing savings.

a) What effective interest rate will Alicia be earning on her funds?

b) What is the expected balance of the high-interest savings account at the end of the 4-year term?

Reference no: EM131383939

Questions Cloud

Describe a decision-making process for employees : Describe a decision-making process for employees with two different strengths. Determine how the process might be approached differently for each employee to produce the best results. Use scenarios to convey your idea
What is the current yield : Stealers Wheel Software has 8.04% coupon bonds on the market with nine years to maturity. The bonds make semi-annual payments and currently sell for 110.52% of par. What is the current yield?
How did islam spread out of mecca and medina : How did Islam spread out of Mecca and Medina? How did the formation of the Caliphate create a strong Islamic state? Why do you think the split between Shi'ite and Sunni has endured to this day?
Prepare a paper that contains definition of cultural divers : Refer to the "Social and Cultural Paper Writing Instructions" for a detailed explanation of the requirements for the Social and Cultural Diversity Paper that you will be developing throughout the course.Prepare an outline of the paper that contains..
Investment of alicia accumulated and ongoing savings : The credit union has offered her a high-interest savings account with an interest rate of 8% compounded monthly for the next 4 years for the investment of Alicia's accumulated and ongoing savings.
Describe the specific issues this driving force creates : Choose one of the driving forces. Describe the specific issues this driving force creates, or will potentially create, for your organization or department.
Investments will yield an annual rate of return : Suppose that you want to guarantee yourself income of $50,000 per year after retirement. How much should you put away every year, for the next 10 years, starting at the end of this year? Assume that your investments will yield an annual rate of re..
Identify what you believe are the common threads : From your Premier Sport Psychology Mental Training System workbook, share your perspective about how an athlete's values and core strengths can be tied to motivation and if these values and motivations differ between amateur/youth athletes and eli..
Would you prefer that your personal z score be negative : What conclusion can you reach about ∑z?- Under what conditions would you prefer that your personal z score be negative rather than positive?

Reviews

Write a Review

HR Management Questions & Answers

  Personality theories of freud

Write a 1,000- to 1,200-word paper comparing the personality theories of Freud, Jung, Rogers, and Maslow. Outline how each theorist contributed to the study of personality. Identify the features of each theory that differentiate them from the othe..

  Discuss how a values-based culture

describe how a values-based culture works.your response should be at least 200 words in length. you are required to use

  Top six ethics-related global workplace issues

The final paper on ethics issues is a 750 word research paper on any of the top six ethics-related global workplace issues (listed below). This paper is worth 20% of your grade. Please use the APA format and cite at least two (2) sources. I have g..

  Quantitative research design and methods

Thus far in the course, you have been exposed to different research methods while studying related parts of the research framework. Your work this week, beginning with this Discussion, will provide a more in-depth look at quantitative methods and ..

  Remembering to respect the rules of organization

Be creative in where you might experience this. Remember to choose a setting where you feel you can learn, remembering to respect the rules of any organization or business you might select to attend or shop at.

  Describe the characteristics of a positive work environment

Describe the characteristics of a positive work environment and discuss how HR designs jobs to motivate employees. Discuss the synthesis of Hackman and Oldham's (1976) job characteristics and employees' psychological states in relation to work outc..

  The answer to compensation systemsplease help me answer the

the answer to compensation systemsplease help me answer the following1. how would one apply compensation and reward

  Write down a 4 -5 page paper upon leadership and change at

write a 4 -5 page paper on leadership and change at verizon under ceo mcadam to what extent do you think the right

  Show the organization''s plan for recruitment sources

Decide what should be included in an organization's plan for recruitment sources and Judge what is the difference between proactive and reactive recruitment.

  What do you think about a positive working environment

What do you do if a manager has demonstrated lazy and unhelpful behavior when you approached him/her for help?

  Meaning of conflict of interest

Question 1: The technical meaning of conflict of interest is that:

  Document decisions on business necessity

Failure to document decisions on business necessity may lead to serious challenges.

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