What rate per quarter did you earn on the account

Assignment Help Financial Management
Reference no: EM13928581

Please explain in detail

 

You opened an account with an investment of $51,000. The value of the account quadrupled in 18 years. If interest was compounded quarterly, what rate per quarter did you earn on the account?

Reference no: EM13928581

Questions Cloud

What is its pretax cost of debt : Blue Bull, Inc., has a target debt-equity ratio of .85. Its WACC is 8.4 percent, and the tax rate is 35 percent. Required: (a) If the company’s cost of equity is 12.5 percent, what is its pretax cost of debt?
Categorical, discrete numerical, or continuous numerical : The results of a survey that collected the current credit card balances for 36 undergraduate college students are given in the file "College Credit Card.'
Evaluate the merit of primary vs tertiary health services : Evaluate the merit of primary vs. tertiary health services related to a population's health in a country of your choice. Discuss some examples of primary healthcare, like vaccinations, safe drinking water, and basic hygiene
Describe how to set up a loan amortization schedule : Explain how future value of an annuity interest factors can be used to solve a sinking fund problem. Describe how to set up a loan amortization schedule.
What rate per quarter did you earn on the account : You opened an account with an investment of $51,000. The value of the account quadrupled in 18 years. If interest was compounded quarterly, what rate per quarter did you earn on the account?
Tool common to all quality improvement programs : 1) Which is the international standard for quality management for automotive industry suppliers of production parts, materials, and services? 2) What is one analytical tool common to all quality improvement programs?
Depreciation on office equipment : Depreciation on office equipment in the executive offices. Labor cost for factory maintenance workers.
Research a different bank of choosing : In the summer of 2012, JPMorgan Chase, the biggest U.S. bank, announced trading losses from investment decisions made by its Chief Investment Office (CIO) of $5.8 billion. The Securities and Exchange Commission (SEC) was provided falsified first q..
The logistic function problem set math 140 : If you violate the INDIVIDUAL nature of the assignment, document the unauthorized help you receive by name and by the nature of the help received. There will be an academic penalty depending on the extent of the unauthorized help, but you will not..

Reviews

Write a Review

Financial Management Questions & Answers

  How a bond can be classified as a fixed-income security

Explain how a bond can be classified as a fixed-income security when the yield to maturity can fluctuate significantly over time, depending on the market price of the bond.

  What rate should firm use to discount projects cash flows

Titan Mining Corporation has 8.9 million shares of common stock outstanding and 330,000 5 percent semiannual bonds outstanding, par value $1,000 each. What is the firm's market value capital structure? If Titan Mining is evaluating a new investment p..

  Internal cash flow and firm must issur shares of stock

Simpkins Corporation is expanding rapidly, and it does not pay any dividends because it currently needs to retain all of its earnings. However, investors expect Simpkins to begin paying dividends, with the first dividend of $1.00 coming 3 years from ..

  Stated or coupon rate

What would you pay for a $200,000 bond that matures in 10 years and pays 8% interest (stated or coupon rate) a year if you wanted to earn a yield of 6% (market rate)? Please show work.

  Home Systems-Does it take marios to sell its inventory

Mario's Home Systems has sales of $2,750, costs of goods sold of $2,090, inventory of $490, and accounts receivable of $423. How many days, on average, does it take Mario's to sell its inventory?

  Scenario 1energy inc energy which operates in the oil

scenario 1energy inc. energy which operates in the oil industry is a u.s. subsidiary of a u.k.entity that prepares its

  Theory about the use of nuclear weapons

Which of the following is a theory about the use of nuclear weapons?

  Expectations theory of the term structure of interest rates

According to the expectations theory of the term structure of interest rates,

  Typical of the average corporation and is risk-adverse

Mountain Ski Corp. was set up to take large risks and is willing to take the greatest risk possible. Lake ways Train Co. is more typical of the average corporation and is risk-adverse. Which of the following four projects should Mountain Ski Corp. ch..

  Compute the mean profit-the minimum profit

Develop your own worksheet for the PortaCom simulation model described in Section 16.1. Compute the mean profit, the minimum profit, and the maximum profit. What is your estimate of the probability of a loss?

  Salvage value-Calculate best-case-worst-case NPV figures

We are evaluating a project that costs $1,180,000, has a five-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 88,100 units per year. Suppose the projections g..

  Current spot exchange rate and interest rate data

Proctor and Gamble's affiliate in India, P&G India, procures much of its toiletries product line from a Japanese company. Because of the shortage of working capital in India, payment terms by Indian importers are typically 180 days or longer.

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