User Account

All Pages

Calculate the available funds at end of eleven years

Assignment Help Financial Accounting
Reference no: EM132740549

Problem 1: Draw a timeline in your notes to practice, then use the one below to help you! To save for a capital investment, a company deposits $500 at the end of every month in an account that earns 4.25% compounded quarterly. After 5 years, no further deposits are made. The balance earns interest in the same account for 6 more years. Calculate the available funds at the end of 11 years.

Select one:

a. $71 375.20
b. $42 975.95
c. $43 014.42
d. $96 209.56

Reference no: EM132740549

Questions Cloud

Discuss the factors that ms fraser should investigate : Discuss the factors that Ms Fraser should investigate in determining whether an investor-associate relationship exists, and what avenues are available
Key differences between the juvenile and adult systems : The origin and predominant philosophy of the juvenile system. Key differences between the juvenile and adult systems
Discuss elements of ethical leadership : Discuss two elements of ethical leadership and its importance in supporting organisational values. The response must be typed.
Calculate the future value of the annuity after three years : Savings account at the end of every 6 month. If interest is 4.5% p.a. compounded quarterly, calculate the future value of the annuity after 3 years.
Calculate the available funds at end of eleven years : After 5 years, no further deposits are made. The balance earns interest in the same account for 6 more years. Calculate the available funds at end of 11 years
Explain the employer nomination scheme for immigration : Briefly describe the differences between the employer nomination scheme for immigration to Australia and the skilled independent scheme for migration.
Implementing new interorganizational system : You are a member of the Human Resources Department of a medium-sized organization that is implementing a new interorganizational system
Described as the industry : Construction has been described as the industry, second only to war, where the most decisions are made with the least amount of information.
Determine what is the amount of each payment : Every 3 months over the course of 60 months at an interest rate of 5.99% compounded semi-annually. What is the amount of each payment?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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