Problem regarding interest compounded quarterly

Assignment Help Accounting Basics
Reference no: EM13138612

Patti deposits $1,500 into an account that pays 12% interest compounded quarterly. How much will Patti have in the account in 4 years?

Reference no: EM13138612

Questions Cloud

What is the expected dollar return on the gamble : Suppose that a person won the Florida lottery and was offered a choice of two prizes: (1) $500,000 or (2) a coin-toss gamble in which he or she would get $1 million if a head were flipped and zero for a tail.
Define discrete sequence plot in matlab : Discrete sequence plot in Matlab, Consider the following formula, x[n] = x[n-1] + x[n-3] n>=3, find the rest of the sequence for 0
Installment method of accounting : Company began operations on January 1, 2010, and appropriately uses the installment method of accounting. The following data are available for 2010:
Major tenets-basic doctrinal teachings of judiasm : What are the major tenets or basic doctrinal teachings of Judiasm, based on the six points of the Star of David? Briefly explain each.
Problem regarding interest compounded quarterly : Patti deposits $1,500 into an account that pays 12% interest compounded quarterly. How much will Patti have in the account in 4 years?
Data and transfer rates and access time of disk drive : Capacity, Data and Transfer Rates, Access Time of Disk Drive, A hard disk drive has 10 disks and 18 surfaces available for recording. Each surface is composed of 200 concentric tracks and the disks rotate at 7200 r.p.m.
History of judaism : How has the history of Judaism influenced the Jewish people's understanding of themselves? What do you think are the most important events in their history? Why?
How many grams of h2o will be produced : Consider the unbalanced equation: C5H12(l) +O2(g) --> CO2(g) +H2O(l) if 25.2 grams of pentane (C5H12) are burned in excess oxygen, how many grams of H2O will be produced?
Jewish understanding of covenant : What is the Jewish understanding of covenant? How does it differ from the notion of contract?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Cash flows from financing activities

If 800 shares of $40 par common stock are sold for $43,000, the $43,000 would be reported in the cash flows from financing activities section of the statement of cash flows.

  Thomas company return on equity

The average stockholders' equity was $680,000. What is Thomas Company's return on equity (ROE)?

  Tax research-non-liquidating distributions

Analyze how corporations treat non-liquidating distributions and determine the most likely mistake(s) the client could make that would result in an IRS audit. Advise the client on how to avoid the mistake(s) and how you would respond to the IRS in..

  What is canteen''s total us gross income reported as a result

What is Canteen's total US gross income reported as a result of the $8000 cash dividend?

  Journal entries at the date of purhase

Soldan Corporation purchased a computer on December 31,2011, paying 30,000 down and a further payment due on December 31,2014.An interest rate of 10% is implicit in the purchase price. Soldan uses the Effective method and has December the 31 as y..

  Ratio of fixed assets to long-term liabilities

(a) ratio of fixed assets to long-term liabilities, (b) ratio of liabilities to stockholders' equity, (c) ratio of net sales to assets, (d) rate earned on total assets, (e) rate earned on stockholders' equity, and (f) rate earned on common stockho..

  Recording journal entries of investments

Prepare journal entries for investments using the fair value and the equity method. How does it relate to the practice of accounting and its uses in business?

  What was the cost of goods manufactured for may

The One Stop Print Shop has used the same overhead rate on all jobs. Job 216 was the only job in process at the beginning of the month. At that time it had incurred direct labor costs of $150 and total cost of $570.

  What should the unit sales price be

Cara has received a special order from a foreign company for 5,000 units. There is sufficient capacity to fill the order without jeopardizing regular sales. Filling the order will require spending an additional $4,250 for shipping.

  Please include thorough explanation

Please include thorough explanation and thorough calculations for each answer chosen.  The differential approach is often considered superior to the total project approach to capital budgeting:because it can more easily accommodate multiple investmen..

  Distribution from the partnership

Demarcus is a 50% partner in the DJ partner. DJ has taxable income for the year of $200,000. Demarcus received a $75,000 distribution from the partnership. What amount of income related to DJ must Demarcus recognize?

  Gross margin as a percent of net revenue

What are some examples of direct and indirect inventoriable costs for Dell? Why has Dell's gross margin (in dollars) steadily increased from 2003 to 2005, yet the gross margin as a percent of net revenue has only increased slightly?

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