Val hooper deposited 11600 in the bank on january 1 a few

Reference no: EM13586055

The following situations involve the application of the time value of money concept:
1. Jan Cain deposited $19,500 in the bank on January 1, 1995, at an interest rate of 12% compounded annually. How much has accumulated in the account by January1, 2012?

2. Mark Schultz deposited $43,200 in the bank on January 1, 2002. On January 2, 2012, this deposit has accumulated to $84,974. Interest is compounded annually on the account. What rate of interest did Mark earn on the deposit?

3. Les Hinckle made a deposit in the bank on January 1, 2005. The bank pays interest at the rate of 8% compounded annually. On January 1, 2012, the deposit has accumulated to $30,000. How much money did Les originally deposit on January 1, 2005?

4. Val Hooper deposited $11,600 in the bank on January 1 a few years ago. The bank pays an interest rate of 10% compounded annually, and the deposit is now worth $30,052. For how many years has the deposit been invested?

Reference no: EM13586055

Questions Cloud

Consider 100 ml of 10 solute and 10 ml of 50amp solute : consider 100 ml of 10 solute and 10 ml of 50amp solute. which has the greatest concentration of solute? what is the

What is the progress of state licensure legislation in your : after reading the laboratory medicine article on state licensure for cls summarize the pro and con arguments

Is there a specific period of time that should be used : is there a specific period of time that should be used when developing historical experience for groups of loans with

Schefter mining operates a copper mine in wyoming : schefter mining operates a copper mine in wyoming. acquisition exploration and development costs totaled 8.2 million.

Val hooper deposited 11600 in the bank on january 1 a few : the following situations involve the application of the time value of money concept 1. jan cain deposited 19500 in the

Use the intermediate value theorem to show that there is a : a tibetan monk leaves the monastery at 700 a.m. and takes his usual path to the top of the mountain arriving at 700

A client operates a small business organized as a sole : a client operates a small business organized as a sole propreintship and is considering change the business to operate

The unit price for hiring labour is k5000 and the unit : a firm has k250000 to spend on labour and raw materials. the output of the firm is axy where a is a constant and x and

Be sure to identify and reference specific aspects of the : as a leader at ecg one of your responsibilities is to help shape a culture of ethics at the organization. address the

User Account

All Pages