What amount will be in the fund

Assignment Help Accounting Basics
Reference no: EM131703499

Question - Maria Medavoy will invest $8,450 a year for 15 years in a fund that will earn 10% annual interest.

If the first payment into the fund occurs today, what amount will be in the fund in 15 years? If the first payment occurs at year-end, what amount will be in the fund in 15 years?

Reference no: EM131703499

Questions Cloud

Aspects of your emergent and beginning literacy learner : Explain how each text relates to the cognitive and noncognitive aspects of your emergent and beginning literacy learner.
Discuss the disastrous impact of climate change on habitats : In a recent debate, conservationists are keen to apply the Endangered Species Act to the disastrous impact of climate change on habitats
Several calculations with the data : You will perform several calculations with the data you obtain in the titrations lab. Below is an exercise to help you prepare.
Discuss the significance of change in investment earnings : (Pension fund schedule of funding progress) The following data come from the report prepared by the actuary for York City's retirement system as of December 31.
What amount will be in the fund : If the first payment into the fund occurs today, what amount will be in the fund in 15 years
Discuss the three most important effects of farming : Identify what you believe to be the three most important effects of farming, and explain your choices thoroughly
Review problem related to an investment trust fund : (Journal entries and financial statements for an Investment Trust Fund) Pinnacle County operates an Investment Trust Fund for cities located in the county.
How long was each sprinkler used : The families used their sprinklers for a combined total of 40 hours, resulting in a total water output of 875L. How long was each sprinkler used?
Discuss innovations that marked transportation revolution : Discuss the innovations that marked the Transportation Revolution between 1800 and 1840. How did the Transportation Revolution affect America

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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