User Account

All Pages

Account earning 4 percent interest

Assignment Help Finance Basics
Reference no: EM132154718

Suppose you deposit $5,000 into an account earning 4 percent interest, compounded monthly. How many years (rounded to one decimal place - for example, 32.1843 year = 32.2) will it take for your account to be worth $8,500?

Reference no: EM132154718

Questions Cloud

Unix prohibits creating links to directories why : UNIX allows file sharing by the use of links. Each link is a directory entry which points to an existing file (specifically to the inode that defines the file).
Average annual inflation rate : Assume that a gallon of milk costs $2.99 today. If the average annual inflation rate over the past 30 years was 2.75% p.a.
Give a revised implementation for update : Give a revised implementation for update() that will cause each of the three algorithms to behave as desired.
Average collection period for the industry : If a firm has sales of $27,065,000 a year, and the average collection period for the industry is 30 days
Account earning 4 percent interest : Suppose you deposit $5,000 into an account earning 4 percent interest, compounded monthly.
How would you restore the system to assuming the backups : Suppose something bad happened on April 26th, 2017. How would you restore the system to 4/26/17 assuming the backups run at night?
Down payment on a car : Desmond Miles has $1,500 that he will use as a down payment on a car. Assuming that he can afford a payment of $225 per month
How much is the upper cash balance : The interest rate earned on it investments is 3.6% per annum. Each transaction to buy or sell securities is $35.
What else must be true of such a program for there : In UNIX or Linux systems, it is generally considered an unsafe practice to have executable files that are set UID to "root" because.

Reviews

Write a Review

Finance Basics Questions & Answers

  On what day do the remaining credit customers pay

Fifty percent of Finology's customers pay on average on Day 20, and 30 percent pay on Day 40. On what day do the remaining credit customers pay? Assume Finology has no bad debts.

  Financial management traits of public sector

Compare and contrast financial management traits of public sector/ NFP virus the private sector. Secondly, opine on what financial management traits of the private sector are worth "stealing"/ replicating to the benefit of government

  Describe common agency biases and how they are likely to

describe common agency biases and how they are likely to bias npv

  Explain theory of efficient markets and behavioral finance

Discuss the validation and failure of the theory of efficient markets and behavioral finance given the "Credit Crunch" or global financial crisis of 2007-2009.

  What are the implications to corporate finance

Discuss the three forms of market efficiency. What are the implications to corporate finance? Would you consider the real estate market an efficient capital market? Please explain why or why not.

  Results in a total financial market meltdown

Explain why derivatives such as CDOs and CDSs had such a destructive power that results in a total financial market meltdown, not only in the United States

  What will be the total profit from the butterfly spread

Suppose you are creating a butterfly spread using 3 put options with different strike prices.

  Why is liquidity important in analysis of financial

why is liquidity important in analysis of financial statements? explain its importance from the viewpoint of more than

  Determine your holding period return

You purchased 100 shares of General Motors stock at a price of $100.34 one year ago. You sold all stocks today for $90.15.

  What is the effective cost of borrowing

Your firm has an average collection period of 34 days. Current practice is to factor all receivables immediately at a 1.50 percent discount. What is the effective cost of borrowing?

  How would you determine what accounted for differing outcome

How would you determine what accounted for the differing outcomes? Were there inherent differences in the characteristics of the groups that influenced the varied outcomes?

  What is the net present value of the golf cart project

These are the only cash flows expected. The firm's annual weighted average cost of capital for a project of this type is 9.2%.

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