Annual interest compounded semiannually

Assignment Help Accounting Basics
Reference no: EM13254819

Chris Spear invested $16,420 today in a fund that earns 12% compounded annually. To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 12% annual interest compounded semiannually?

Reference no: EM13254819

Questions Cloud

How much energy is supplied by the motor : A 6kg block, starting at rest, is pulled up a ramp by a motor coiling a rope such that the tension is 60N. How much energy is supplied by the motor to move the block up the ramp
What would be four valid reasons that a life threatening : What would be four valid reasons that a life threatening and contagious disease policy would be beneficial to a business?
What will the cost of the contract be for first 10 controls : The prime contractor has now approached URA and asked to submit a bid for the cost of producing another 20 guidance controls.
Determine the current drawn from the wall by the charger : A charging cell phone battery requires a current of 1.60 A and power is dissipated in the battery at 7.52 W. Determine the current drawn from the wall by the charger
Annual interest compounded semiannually : Chris Spear invested $16,420 today in a fund that earns 12% compounded annually. To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 12% annual interest compounded semiannually..
Determine the radius of the electron and proton : The aurora is caused when electrons and protons, moving in the earth's magnetic field of ?5×10?5 T, collide with molecules of the atmosphere, find Radius of the electron and proton in m
Explain the center of an alpha helix in myoglobin : The Phi ? and Psi ? angles of one alpha carbon located in the center of an alpha helix in myoglobin are -60o and -45o, respectively.
What are advantages and disadvantages of paying tree planter : what are the advantages and disadvantages of paying tree planters on a piece-rate system? on a flat-rate system.
How might the industry be converted into a blue ocean : Provide an example of an industry experiencing a red ocean. In your opinion, how might the industry be converted into a blue ocean?

Reviews

Write a Review

Accounting Basics Questions & Answers

  In which system should the firm invest

Net present value: Blanda Incorporated management is considering investing in two alternative production systems. The systems are mutually exclusive.

  Budgeted sales for the year

Mancini Corporation sells a single product. Budgeted sales for the year are anticipated to be 640,000 units, estimated beginning inventory is 98,000 units, and desired ending inventory is 80,000 units. The quantities of direct materials expected t..

  Amount of dividends will shareholder owning

At the beginning of 2007, Emily Corporation issued 10,000 shares of $100 par, 5%, cumulative, preferred stock for $110 per share. No dividends have been paid to preferred shareholders. What amount of dividends will a shareholder owning 100 shares ..

  Estimate the intrinsic values of an equity or debt security

To estimate the intrinsic values of an equity or debt security using present value theory you need to know:

  What is the company current ratio close to

Crockford Company's working capital is $272,000 and its current liabilities are $340,000. What is the company's current ratio close to?

  What is the annual net income

The equipment will have an initial cost of $400,000 and have a 5 year life. If the salvage value of the equipment is estimated to be $75,000, what is the annual net income?

  What is cost of goods manufactured

work in process inventory on december 31,2011, is $42,000. work in process inventory decreased 40% during 2011. total manufacturing cost incurred in 2011 amount to $260,000. what is cost of goods manufactured?

  Assuming that beech corporation does not elect to expense

Assuming that Beech Corporation does not elect to expense but chooses to amortize organizational-expenditures over 15 years, calculate the corporation's deduction for its calendar tax year 2010.

  Four types of classifications for non-influential

Identify three out of four types of classifications for non-influential investments in securities.

  Convertible debentures and detachable warrants

What value should be assigned to the common shares issued? How should Need Cash record the issuance of the convertible debentures and detachable warrants?

  Fasb-current assets-prepaid expenses

What is the formal definition in the glossary of the term "Current Assets?" Provide one drill-down reference from the Master Glossary for where the term "Current Assets" is used in the Codification.

  Five elements in coso

What is COSO"s (Committee of Sponsoring Organizations Treadway Commission) definition of Internal Control? What are the five elements in COSO"s Integrated Framework of internal control?

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!

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