User Account

All Pages

Accumulate money for down payment

Assignment Help Finance Basics
Reference no: EM132544001

John plans to buy a vacation home in 12 years from now and wants to have saved $65,110 for a down payment. How much mney should he pay today in a savings account that earns 7.77 percent per year (compounded daily) to accumulate money for his down payment?

Round the answer to two decimal places.

Reference no: EM132544001

Questions Cloud

Evaluate psychological theories : Evaluate psychological theories and their insights into the widely varying opinions and attitudes that are expressed through social media.
Why topic would be of interest to public policy advocates : Compose two short summaries of how or why this topic would be of interest to public policy advocates and business executives. Keep in mind that you choose one.
How long will take to double if invested at annual interest : Assuming annual compounding, how long will it take for the $10,000 to double if it is invested at an annual interest rate of 14 percent?
Economic environment : In today's economic environment, which of the five steps in the strategic planning process do you think is the most important?
Accumulate money for down payment : How much mney should he pay today in a savings account that earns 7.77 percent per year (compounded daily) to accumulate money for his down payment?
Write an essay about public audience and a business audience : Select three potential topics that you might write an essay about, and that would apply to both a public audience and a business audience.
Leaders with different gender affect their employees : How leaders with different gender affect their employees and how employees feel about the gender of their leader,
Compare the findings of researchers with your own experience : Read the article by Griffin and McFarland titled "In My Heart, I'm an American": Regional Attitudes and American Identity. In this article, the authors contend.
Medical school and compounded monthly after graduating : To simplify the problem, assume that the interest is compounded annually during the medical school and compounded monthly after graduating.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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