Calculate the future value for each deposit

Assignment Help Accounting Basics
Reference no: EM132807937

Problem A. Suppose you are going to deposit Rs 15,000 in MCB savings account, Rs 25,000 in UBL savings account and RS 30,000 in MEZAAN BANK savings account at compounded semiannually and simple annually interest rate of 5%, 7% and 9% respectively. For 5, 10, and 20 years calculate the future value for each deposit.

Problem B. Suppose you need RS 6,400 form MCB savings account with 5% annual interest rate after 5 years, RS 49,743 from UBL saving account with 7% annual interest rate after 10 years and RS 1,74,489 form MEZAAN BANK saving account with 9% annual interest rate after 20 years. Using compounded semiannually interest calculate the present value for each amount.

Reference no: EM132807937

Questions Cloud

Interest groups and lobbyists : Analyze the overall effect of interest groups on democracy. How do they further pluralistic or the elite interest? Is this a benefit or obstacle to democracy?
Calculate total amount for blossom to report as intangible : Calculate the total amount for Blossom to report as intangible assets on its statement of financial position at December 31, 2017.
What is one argument in favor of school choice : What is one argument against it? Where do you stand and why? (Please cite your sources and 2 educational references must be used)
Propose an action plan for management : Imagine that you are working in the human resources (HR) department of your company and came across the following scenarios in which your input has been sought.
Calculate the future value for each deposit : Calculate the future value for each deposit. Suppose you are going to deposit Rs 15,000 in MCB savings account, Rs 25,000 in UBL savings account and RS 30,000
Understanding of the value of benefits : As you read and learned all about the vast range of employee benefits and its considerations, you can see how layered and complex the function
Partisan elections where candidates political affiliation : First is Partisan elections where the candidates political affiliation are listed in the ballot and voters can vote on who they choose.
Calculate the value of both investment options : Calculate the value of both investment options.Mr. Ahmed has just received his Bonus and he is looking for a suitable investment option that will repay him
Motivation for the current study : 1. What was the motivation for the current study (identify the study problem)?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Hen house inc collects all subscription revenue in advance

hen house inc. collects all subscription revenue in advance. at december 31 2011 the company owed 50000 to customers

  Find the payments required using given details

Brown has bought a new car and requires a loan of $12,000 to pay for it. Brown can repay the loan with 36 level payments with the first payment made 9 months.

  Find what total amount should reported as intangible assets

Find What total amount should be reported as intangible assets? A number of expenditures were made during the current year that were debited.

  Indicate with the appropriate letter whether each of the

brandon computer timeshare company entered into the following transactions during may 2008.1. purchased computer

  Equivalent production average costing methodusing the data

equivalent production average costing method.using the data in e 4 and assuming that the company uses the average

  Distinguished from the scientific branches of learning

The Humanities could be defined as the study of what? B. the cultural as distinguished from the scientific branches of learning. C. the creative process of tradition as it occured in the past and continues in the present.

  Discuss the notion of sunk costs

Discuss the notion of sunk costs and identify the sunk cost in this project Verify how you determine the annual operating cash flows

  Compute the revised annual depreciation

On January 1, 2010, the Ramirez Company ledger shows Equipment $29,000 and Accumulated Depreciation $9,000.

  Journalize the entry to record the sale of the equipment

Assuming that the equipment was sold on April 1 of the fifth year for 143,230. Journalize the entry to record the sale of the equipment

  Determine net cash flow from operating activities

A business has the following financial information at the end of the year: determine net cash flow from operating activities for the current year

  The company amortizes the prior service cost

Palm Company's actuary has computed its prior service cost to be $5,000,000. The company amortizes the prior service cost by the straight line method over the remaining 25 year service life of its active employees.

  What is the YTM

A bond sold by NVDIA Corp. has a face value on $100, The first coupon payment occurs a year from now. The market price is $80, what is the YTM

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