What rate if interest will she need to earn annually

Assignment Help Accounting Basics
Reference no: EM131679869

Question - Cindy Houston has a $25,200 debt that she wishes to repay 4 years from today she has $17,212 that she intends to invest for the 4 years. What rate if interest will she need to earn annually in order to accumulate enough to pay the debt?

Reference no: EM131679869

Questions Cloud

What will be the effect on net income : Garner has sufficient unused capacity to produce the 3,000 scales. If the special order is accepted, what will be the effect on net income
Prove that the population distribution is normal : Based on this sample, can you conclude that the machine needs an adjustment? Explain. Assume that the population distribution is normal.
Discuss about the standardized mortality ratio : What is the difference between : Ratio ,Proportion ,Rate.Discuss about the standardized mortality ratio.
Calculates the mean length of the given bolts : The quality control department takes a sample of 20 such bolts every week, calculates the mean length of these bolts, and makes a 98% confidence interval.
What rate if interest will she need to earn annually : What rate if interest will she need to earn annually in order to accumulate enough to pay the debt
Food choices and estimate the total grams of sodium : Remember to check the sodium content of each food product on the Nutrition Facts panel of the label, and keep a record of your food choices
Write a letter to the reports author : Based on the findings of this report, write a letter to the report's authors in which you either agree or disagree with the findings.
What is the distance from midway to the active hot spot : Which is the youngest Hawaiian Island (from Hawai'i to Kaua'i). Which is the oldest Hawaiian Island
What percentage of kilocalories : A serving of chicken casserole has a total of 266 kilocalories, 25 grams of carbohydrate, and 19 grams of protein. What percentage of kilocalories?

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