Bank account to cover college expenses

Assignment Help Financial Management

Reference no: EM13880075

Beginning three months from now, you want to be able to withdraw $1,700 each quarter from your bank account to cover college expenses over the next 4 years. The account pays 1.25 percent interest per quarter. How much do you need to have in your account today to meet your expense needs over the next 4 years?

Reference no: EM13880075

Questions Cloud

International financial reporting standards : Determine the response that best completes the statements or questions.

Pairs of treasury securities : For each of the following pairs of treasury securities (each with $1000 par value), identify which will have the higher price:

Emissivity of the pipe surface : A steam pipe 200 mm in diameter passes through a large basement room. The temperature of the pipe wall is 500°C, while that of the ambient air in the room is 20°C. Determine the heat transfer rate by convection and radiation per unit length of ste..

Explain how you handle the cultural or diversity differences : Explain how you or your leader handled the cultural or diversity differences. Determine how these differences could have been mitigated.

Bank account to cover college expenses : Beginning three months from now, you want to be able to withdraw $1,700 each quarter from your bank account to cover college expenses over the next 4 years. The account pays 1.25 percent interest per quarter. How much do you need to have in your acco..

How many murders are committed each year in united states : How many murders are committed each year in the United States? Victims of __________ crime are most deeply affected, fearing a repeat of their attack

The covariance of the returns between willow stock : The covariance of the returns between willow stock and sky diamond stock is 0.0900. The variance of willow is 0.2350, and the variance of sky diamond is 0.1180. What is the correlation coefficient between the returns of the two stocks?

Explain why benford law is useful to auditors : Explain why Benford Law is useful to auditors in the detection of fraud.

About the nonconstant growth : Microtech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Microtech to begin paying dividends, beginning with a dividend of $0.75 coming 3 years from toda..

User Account

All Pages