Account earns compounded monthly

Assignment Help Financial Management

Reference no: EM13914440

a) How much will you have in an account after 25 years if you put $1300 per month in the account earns 8% compounded monthly?

Answer = $

b) How much will you have after 25 years if you put $1300 per month in the account that instead earns 9% compounded monthly?

Answer = $

Reference no: EM13914440

Questions Cloud

The focus is to write sql queries that combine data : This is the final installment of the project! The focus is to write SQL queries that combine data from both Mondial and GapMinder (GM). For most queries you will need both Mondial and GM data, so you may need to use your bridge table(s).

Estimate the sales price of product : You are evaluating a product for your company. You estimate the sales price of product to be $230 per unit and sales volume to be 11,300 units in year 1; 26,300 units in year 2; and 6,300 units in year 3. The project has a 3 year life. The tax rate i..

Regarding the use of probability distributions : Which one of the following statements is correct regarding the use of probability distributions?

Discuss the implication of correlation coefficient : Please draw the efficient frontiers and discuss the relevant implication under the following assumptions: (a) Risk free assets are possible and short sale is not allowed; (b) Risk free assets are impossible and short sale is not allowed. Please discu..

Account earns compounded monthly : How much will you have in an account after 25 years if you put $1300 per month in the account earns 8% compounded monthly?

What are the expected return and standard deviation : Suppose Asset A has an expected return of 10% and a standard deviation of 20%. Asset B has an expected return of 16% and a standard deviation of 40%. If the correlation between A and B is 0.35, what are the expected return and standard deviation fo..

Amount the needs to be deposited now : If a bank pays 9% compounded quarterly, how much should be deposited now to have $1200 in 6 years from now?

Calculating real returns and rosk premiums : Calculating Real Returns and Rosk Premiums [LO1] For problem 9, suppose the average inflation rate over this period was 3.5 percent and the average T-bill ate over the period was 4.2 percent. What was the average real return on Crash-n-Burn's stock?

Calculating returns-bought bond with an annual coupon : Calculating Returns [LO1] Suppose you bought a bond with an annual coupon of 7 percent one year ago for $970. The bond sells for $940 today. What was your total nominal rate of return on this investment over the past year?

User Account

All Pages