Calculating future values

Assignment Help Financial Management

Reference no: EM131495346

Calculating Future Values

Fowler Credit Bank is offering 7.4 percent compounded daily on its savings accounts. You deposit $5,800 today.

How much will you have in the account in 6 years? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Future value $

How much will you have in the account in 11 years? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Future value $

How much will you have in the account in 18 years? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Future value $

Reference no: EM131495346

Questions Cloud

What is the projects npv : A project has an initial cost of $35,775, expected net cash inflows of $11,000 per year for 10 years, and a cost of capital of 11%. What is the project's NPV?

Calculate the price of this bond : Calculate the price of this bond if the stated annual interest rate, compounded annually, is:

Steve uses the installment sales method : Steve Drake sells rental house on January 1, 2016-receives $120,000 cash and note for $45,000 at 10 percent interest. Steve uses the installment sales method

Remaining occupancy costs such as maintenance and utilities : Hagar, Inc. is a retail chain with 125 stores organized into 5 regions. The remaining occupancy costs,such as maintenance and utilities, would be paid by a tena

Calculating future values : Calculating Future Values. How much will you have in the account in 6 years? How much will you have in the account in 18 years?

Minimized when one is making foreign direct investments : How can currency risk and political risk be minimized when one is making foreign direct investments?

Calculate the bigger payment : A loan of 1500 is paid over 6 years at effective rate 7% with five payments of 300 and a final bigger payment. Calculate the bigger payment.

Financial condition ratio analyses for two communities : You have been asked to perform financial condition ratio analyses for two communities, explain who is doing financially better on each measure.

Current and future stance of the monetary policy : How would you advise her given the current and future stance of the monetary policy in the US?

User Account

All Pages