Annual rate of return based problem

Assignment Help Accounting Basics

Reference no: EM13258983

a. George's grandmother promises to give him $1,000 at theend of each of the next five years. How much is the money worthtoday, assuming George could invest the money and earn a 6% annual rate of return? (Round to the nearest dollar).

b. George's grandmother promises to give him $1,000 atthe end of five years. How much is the money worth today, assumingGeorge could invest the money and earn a 6% annual rate of return?(Round to the nearest dollar).

c. How much would George have to deposit in the bank today ifhe will be earning a 6% annual rate of return and wants to have$5,000 in the bank at the end of five years? (Round to the nearestdollar).

d. How much would George have to deposit in the bank at theend of each of the next five years if he wishes to have $5,000 inthe bank at the end of that time period, assuming she will beearning 6% annual rate of return? (Round to the nearestdollar).

e. Kristen deposits $5,000 in the bank at the end of each yearfor five years. How much money will she have in the bank at the endof five years, assuming she will be earning 6% interest annually onher deposits? (Round to the nearest dollar).

Reference no: EM13258983

Questions Cloud

Define what is the molar mass of the protein : A 3.0 x 10-2 mg sample of a protein is dissolved in water to make 0.25 ml of solution. The osmotic pressure of the solution is 0.56 torr at 25C. What is the molar mass of the protein

What would they likely pay in estate taxes before plan : What actions should they take? What would they likely pay in estate taxes before and after your plan?

Design the schematic for a conventional hardwired circuit : Design and draw the schematic for a conventional hardwired circuit that will perform the following circuit functions using to two break-make push buttons: Turn on light L1 when pushbutton PB1 is pressed

Discuss the most popular form of television commercials : The most popular form of television commercials is the 30-second spot. Discuss why 30-second spot are so popular among advertiser.when might a marketer be able to effectively use 10-or15-second commercial?

Annual rate of return based problem : George's grandmother promises to give him $1,000 at theend of each of the next five years. How much is the money worthtoday, assuming George could invest the money and earn a 6% annual rate of return?

State the equilibrium equation that represents the formation : The Kf for the formation of Ag(NH3)2+(aq) is 1.7 x 10^7. Write the equilibrium equation that represents the formation of this complex ion.

Determine the remaining obligation : What is the remaining obligation on January 1, 2010 afterthe first payment has been made?

The current russian government : As the vice president of finance for a company producing and selling electronic switchboards, you are considering foreign investment to build a plant to assemble electronic components.

Determine the energy supplied by the voltage source : The charge leaving the positive reference terminal of a voltage source is q(t)= [6sin120pi*t - 8cos120pi*t]mC the voltage source value is v(t)= 160cos120pi*t V. A) Determine the power supplied by the voltage source at t=0

User Account

All Pages