What will joshs bank balance be 5 years after the original

Assignment Help Financial Management

Reference no: EM131913133

Joshua deposits 1000 into a bank. on year later, he deposits 3000, and 2 years after that, 8000. if the bank pays 4% interest annualy, what will josh's bank balance be 5 years after the original deposit was made?

Reference no: EM131913133

Questions Cloud

Calculate the interest rate per month offered by the bank : Assume the bank computes the interest rate compounded monthly. What is the interest rate per month offered by the bank?

Calculate the yield to maturity of the bond : Calculate the yield to maturity of the bond (in euros) if the price of the bond is 106.00 euros.

Are the american exports cheaper or more expensive : Are the Mexican exports cheaper or more expensive due to this change? What can the Mexican policy makers do to return to the initial exchange rate?

Examine the current value of one share of this stock : The company is planning on increasing its annual dividend by 20% a year for the next four years and then decreasing the growth rate to 5% per year.

What will joshs bank balance be 5 years after the original : What will josh's bank balance be 5 years after the original deposit was made?

Cretae a contribution format income statement for the month : Assume that the company uses variable costing. Determine the unit product cost. Cretae a contribution format income statement for the month.

What growth rate could be supported with no outside : What growth rate could be supported with no outside financing at all? (in %)

What is the present value of the project cash : What is the present value (at time 0) of the project's cash flows if the opportunity cost of capital is 9%?

Cost of equity after recapitalization and wacc : What is the cost of equity after recapitalization and WACC? Do not round calculations

User Account

All Pages