Savings account that pays interest rate

Assignment Help Business Economics
Reference no: EM131392952

If $32,000 is invested now, $42,000 two years from now, and $53,000 five years from now in a savings account that pays interest rate of 7.5% compound annually, what will be the total amount in the account in 10 years?

Reference no: EM131392952

Questions Cloud

Find the standard proportional integral gain settings : An open-loop transient test provides the process-reaction graph given in given Figure for a 7.5% disturbance.- Find the standard proportional-integral gain settings.
Investigate the problem from an epidemiologic perspective : Outbreak Investigation Steps Points: Identifies a current outbreak and outlines the steps to investigate the problem from an epidemiologic perspective
Determine whether the project is acceptable : ABC industries Inc is considering to acquire a new equipment. The required initial investment is estimated to be $325,000. Projected retruns over the projects five year life are; $82,500.00 , 88,475.00, 75,680.00 , 95,625.00 and 97,525.00 respectivel..
Design a radial plate cam to move a translating roller : Camshaft ro = 200 rpm. Minimize the follower's peak velocity and determine the minimum prime circle radius that will give a maximum 25° pressure angle. Determine the minimum radii of curvature on the pitch curve.
Savings account that pays interest rate : If $32,000 is invested now, $42,000 two years from now, and $53,000 five years from now in a savings account that pays interest rate of 7.5% compound annually, what will be the total amount in the account in 10 years?
Find the standard settings for proportional mode control : In the Ziegler-Nichols method, the critical gain was found to be 4.2, and the critical period was 2.21 min. Find the standard settings for proportional-mode control, PI control, and PID control.
What is the minimum diameter of roller follower : Test it using a lift of 20 mm over 60° at 1 rad/sec, and determine the prime circle radius needed to obtain a maximum pressure angle of 20°. What is the minimum diameter of roller follower needed to avoid undercutting with these data?
What school of jurisprudential thought is reflected : What School of jurisprudential thought is reflected in documents such as the U.S. Constitution, the Magna Carta, and the United Nations Charter?
Create a well-formed resume in xml for a fictional person : Create a well-formed resume in XML for yourself or a fictional person. It should be very short but include tags for name, address, phone number, qualifications, at least three jobs, and at least 2 previous educational achievements

Reviews

Write a Review

Business Economics Questions & Answers

  Political economy approach to disease

How might "Ghosts in Your Genes" be described as a biomedical, behavioral and /or political economy approach to disease?

  Open market operations to decrease the money supply

If the Fed used "open market operations" to decrease the money supply, it

  Imagine a country divided into four equally sized classes

Imagine a country divided into four equally sized classes, poor, lower middle, upper middle, and upper. Within each class, incomes are the same. Imagine incomes of the poor class increase by 20%, of the lower middle class increase by 30%, of the uppe..

  Should the government increase the minimum wage

Should the government increase the minimum wage? What should be the guidelines for an increase? What are some of the disadvantages of an increase?

  Explain why are the average cost curves u-shaped

Can you give examples of the companies that have high pension costs. Why are companies using more technology input while reducing labor input. Explain why are the Average Cost Curves U-shaped.

  Description of zero-day vulnerabilities

Select the best description of zero-day vulnerabilities. Support your choice by describing why your choice is the best description.

  In preparing the actual forecast numbers

In preparing the actual forecast numbers, the forecast staff should

  Majority of schools of medicine-dentistry-nursing

The majority of schools of medicine, dentistry, nursing, and other professions and their teaching hospitals are heavily subsidized by federal and state funds. Do health care providers who reap the benefits of high compensation and social position hav..

  What is future worth of series of equal quarterly payments

What is the future worth of a series of equal quarterly payments of $14,000 if the series extends for six years at APR=6%.... show all your work

  The market-level price elasticity of demand

You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your “No Haggle” sales policy. Last year, your dealership earned record profits of $1.7 million. In your market, you compete against two other deal..

  If price controls are initiated

If price controls are initiated, we would expect that

  By how much should the government increase-decrease

Suppose further that the MCP is 0,8 if the government wants to increase the real GDP to 2000 billions, by how much should the government increase /decrease its lump-sum taxes? Assume the price level is fixed.

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