User Account

All Pages

Calculate the accumulated value of her investment

Assignment Help Accounting Basics
Reference no: EM133150102

Question - The interest rate for a savings fund was 3.70% compounded semi-annually for the first 4 years and then 4.90% compounded semi-annually for the second 4 years. Harsha invested $2,650 at the end of each 6 months for 3 years.

Required -

a. Calculate the accumulated value of her investment after the first 4 years.

b. Calculate the accumulated value of her investment at the end of 3 years.

c. How much interest did she earn in her investment over the 3 years.

Reference no: EM133150102

Questions Cloud

Record transaction in accounting : Describe each of these three ways and indicate where on the financial statements you could find the information about each.
Analyse the csrs activities of a specific business : Analyse the CSR&S activities of a specific business using publicly available documents from the business e.g. annual reports, CSR Report, web-site information
Ethical implications of bill actions : Explain if you think there are ethical implications of Bill's actions. Which ratios will be affected, and how, by accelerating these sales?
Explain for your new business associates : Explain for your new business associates how you would do the accounting for this type of business.
Calculate the accumulated value of her investment : The interest rate for a savings fund was 3.70% compounded semi-annually for the first 4 years. Calculate the accumulated value of her investment
What was the original amount of the mortgage : Jimmy paid off a mortgage by paying $775 per month for 16 years. What was the original amount of the mortgage if the interest rate charged was 4.30%
Corporate governance and business ethics : What are the potentially negative effects of this increasing disparity in CEO pay? Do you believe that current executive pay packages are justified?
How much should be reported as revenues : The construction is financed with: a transfer of $1 million from the General Fund; How much should be reported as Revenues
ACCT7012 Corporate Finance Assignment : ACCT7012 Corporate Finance Assignment Help and Solution, Sydney Graduate School of Management - Assessment Writing Service

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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