What is the required quarterly deposit

Assignment Help Business Economics

Reference no: EM131004642

Your company must make a $750,000 balloon payment on a lease 2 years and 9 months from today. You have been directed to deposit an amount of money quarterly, beginning today, to provide for the $750,000 payment. The account pays 8% per year, compounded quarterly. What is the required quarterly deposit? Note: Lease payments are due at the beginning of the quarter.

Reference no: EM131004642

Questions Cloud

Earnings in the business to finance future expansion : Tina is the sole owner of Tina's Lawn Mowing, Incorporated (TLM). In one year, TLM collects $1,000,000 from customers to mow their lawns. TLM's equipment depreciates in value by $125,000. TLM pays $600,000 to its workers, who pay $140,000 in taxes on..

Changes in the prices of food-clothing and medical care : According to the BLS, the CPI rose 3.8% in August of this year compared to a year earlier. Food prices rose 4.6% and clothing prices were up 4.2%, while new car prices rose 3.8%, and medical care was up 3.2%. What percentage change in the CPI up unti..

The governor is attacking the new traffic rules : The governor is attacking the new traffic rules. His views are wrong because he was given a speeding ticket last week.

Most effective way a firm can be competitive over time : The issue of competition over time presents a number of problems for a firm. Based on research for this question and personal experience, what do you believe is the most effective way a firm can compete over time? Your answer should address some of t..

What is the required quarterly deposit : Your company must make a $750,000 balloon payment on a lease 2 years and 9 months from today. You have been directed to deposit an amount of money quarterly, beginning today, to provide for the $750,000 payment. The account pays 8% per year, compound..

Consider the agency relationship in malpractice cases : Consider the agency relationship in malpractice cases under a contingency fee system. The plaintiff (party that sues) typically pays his or her attorney about one-third of any monetary damages that are awarded (and nothing if the case is lost). Suppo..

Internal audit''s role in risk management : Write a paper on Topic: Internal Audit's role in risk management, It should be critically written as the paper is for a graduate class.Case studies and examples must be used. Proper references must be cited.

Compare fares and product offerings of low-cost-carrier : First, compare fares and product offerings of low-cost-carrier and a comprehensive network carrier from either the U.S. or Europe. Compare and contrast the ticket prices and product offerings of the two airlines. Use care that the fares are comparabl..

The equation for her budget constraint and illustrate : Maria is a single mother. Every week she has 100 hours available to split between leisure and work. If she works, she can earn 20 dollars per hour. Write down the equation for her budget constraint and illustrate it with a graph.

User Account

All Pages