User Account

All Pages

Your last deposit will be less than 1250 if less is

Assignment Help Finance Basics
Reference no: EM13478348

You need to accumulate $10,000. To do so, you plan to make deposits of $1,250 per year, with the first payment being made a year from today, in a bank account which pays 12 percent annual interest. Your last deposit will be less than $1,250 if less is needed to round out to $10,000. How many years will it take you to reach your $10,000 goal, and how large will the last deposit be?

Reference no: EM13478348

Questions Cloud

Gary whitmore is a high school sophomore he currently has : computing annuity payments gary whitmore is a high school sophomore. he currently has 7500 in a savings account that
Christine is a new homebuyer she wants to make sure that : christine is a new homebuyer. she wants to make sure that she incorporates the cost of maintenance into her decision.
Given the following information prepare a statement of cash : given the following information prepare a statement of cash flows. increase in accounts receivable 25 increase in
Tus the total price is 660 and terry can pay it off in 12 : terry martinez is considering taking out a loan to purchase a desk. the furniture store manager rarely finances
Your last deposit will be less than 1250 if less is : you need to accumulate 10000. to do so you plan to make deposits of 1250 per year with the first payment being made a
To complete the last year in business school and then go : to complete your last year in business school and then go through law school you will need 10000 per year for 4 years
It also experienced an increase in current assets of 150000 : during the year xerox inc. experienced an increase in net fixed assets of 300000 and had depreciation of 200000. it
Trees will mature in 10 years at which time : washington-pacific invests 4 million to clear a tract of land and to set out some young pine trees. the trees will
Discuss using a specific example from a recognized : religious food taboos have less to do with health or nutrition and more to do with the control of subjects within an

Reviews

Write a Review

Finance Basics Questions & Answers

  Q on october 5 2013 you bought a 12000 t-note which matures

q. on october 5 2013 you bought a 12000 t-note which matures on august 15 2024 settlement happens 2 days after purchase

  Computing the proportion of revenue

When computing the proportion of revenue that finds its way into profits, it is often appropriate to add back debt interest to net income.

  What is the pure expectations theory

What is the pure expectations theory? What does the pure expectation theory imply about the term structure of interest rate?

  Determine investment worth

Suppose you are planning an investment which would entail $5000 payments each year for 20 years. The investment will pay 7% interest.

  What is the portfolio weight of stock c

Kate invested $7,400 in stock A, $11,200 in stock B, and $3,900 in stock C. What is the portfolio weight of stock C

  What impact would the new capital structure have

Seattle health plans currently uses zero debt financing. It's operating income(ebit) is $1 million and it pays taxes at a 40 percent rate. it has $5 million in assests and because is it all equity financed, $5 million in equity.

  Financial and ethical implications

Discuss the financial and ethical implications for the financial institutions.

  How many additional shares can bob buy

Bob has $20,000 and want to buy the maximum amount of XYZ Stock's that he can. Hid margin A/C price XYZ is currently $30; the IMR is 45% & MMR is 25%. The broker charges 9% in loan's.

  Should caroline candles buy the equipment at this time

The candle-making equipment is expected to increase the cash flows by $27,000 in the first year, $48,000 in the second year, and $69,000 a year for the following two years. Should Caroline's Candles buy the equipment at this time? Why or why not?

  What is the value of the inventory account

A firm has a current ratio of 1.8, a quick ratio of 0.7, and current liabilities of $1,200. What is the value of the inventory account?

  What would you expect about the bank roa relative

Suppose that a well-known bank and a well-known non-bank have approximately the same ROE. What would you expect about the bank's ROA relative to the non-bank's ROA? Explain.

  What strategies might these financial intermediaries employ

If interest rates were to rise, fall, or stay unchanged, how would it impact the profitability of commercial banks, insurance companies, and mutual funds? What strategies might these financial intermediaries employ in regards to your forecast?

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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