User Account

All Pages

What will the dollar amount be in four years

Assignment Help Accounting Basics
Reference no: EM133017849

Question -

-You are planning a large wedding 4 yrs from today when your finance finishes medical school. You have estimated that you will need $45,000 for this affair. You can earn 3.5% compounded annually on your savings. How much would you have to deposit today in one lump sum to pay for the entire wedding?

-A Max, Inc deposited $2,000 in a bank account that pays 12% interest annually. How many periods would it take for the deposit to grow to $6,798 of the interest is compounded semiannually?

-You have $1,000 today and want to double your money in 8 yrs. What interest rate must you earn?

-You just purchased a parcel of land for $10,000. If you expect a 12% annual rate of return on your investment, how much will you sell the land for in 10 years?

-Shorty Jones wants to buy a one-way ticket to mule-snort, Pennsylvania. The ticket costs $142, but Mr. Jones has only $80. If Shorty puts the money in an account that pays 9% interest compounded monthly, how many months must Shorty wait until he has $142 (round to nearest month)

-If you put $700 in a savings account with a 10% nominal rate of interest compounded monthly, what will the investment be worth in 21 months (round to the nearest dollar)?

-Today, you are investing $25,000 at 6%, compounded monthly, for 10 years. How much additional income could you earn if you could have invested this amount at 7%, compounded monthly?

-A Max, Inc. deposited $2,000 in a bank account that pays 12% interest annually. What will the dollar amount be in four years?

Reference no: EM133017849

Questions Cloud

What is association rule in data mining : What is the association rule in data mining? Why is the association rule especially important in big data analysis?
What is the main objective of financial reporting : Question - What is the main objective of financial reporting? Write down the fundamental characteristics of financial reporting
Make a list of six current resources : Workers and clients might decide that additional resources are needed for the achievement of goals. Conduct independent research and make a list of six current
Windows server within the virtual environment : Based upon your company profile, install and configure Windows Server within the virtual environment.
What will the dollar amount be in four years : A Max, Inc. deposited $2,000 in a bank account that pays 12% interest annually. What will the dollar amount be in four years
Analyzing the hundreds of assumptions : For many months, your prospective ERP customer has been analyzing the hundreds of assumptions built into the $900,000 ERP software you are selling. So far, you
Common challenges with which sentiment analysis deals : What are the common challenges with which sentiment analysis deals? What are the most popular application areas for sentiment analysis? Why?
Provide a statement of owner equity : In addition, Teresa withdrew $36,000 during the year for personal expense. Using the above information, provide a statement of Owner's Equity
Production of goods and services : This is a written work Identify if the following statements are from the positive economy or normative. Explain each case.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd