Compounded daily on savings accounts

Assignment Help Financial Management

Reference no: EM131976654

Bucher Credit Bank is offering 5.8 percent compounded daily on its savings accounts. Assume that you deposit $5,500 today.

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

Future value $

How much will you have in the account in 12 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use 365 days in a year.)

Future value $

How much will you have in the account in 24 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use 365 days in a year.)

Future value $

Reference no: EM131976654

Questions Cloud

Develop a change model to implement your change vision : Develop a change model to implement your change vision. Identify the specific steps needed to implement a change and effectively respond to the pressure.

What is the effective annual rate on this loan : What is the effective annual rate on this loan? What will your monthly payments be?

Melting point to degrees celsius : Mercury, the only metal that exists as a liquid at room temperature, melts at 234.3 K. Convert this melting point to degrees Celsius.

What will the total cash receipts for december : B Ltd. has given you the following information to prepare its cash budget for December 2014. What will the total cash receipts for December be

Compounded daily on savings accounts : Bucher Credit Bank is offering 5.8 percent compounded daily on its savings accounts. How much will you have in the account in 6 years?

Explore how would you describe ambush marketing : Explore how would you describe ambush marketing? Include two example with your description. Can ambush marketing be both intentional and unintentional? Explain.

Simple interest on savings account balances : How much more money would you earn from your Second City Bank account at the end of 10 years?

Standard heats of formation : Use standard heats of formation (delta H^o) and standard entropies (delta S^o) to calculate (delta G^o) for the following reaction at 25 degrees Celsius.

Effective annual return on consumer loans : Vandermark Credit Corp. wants to earn an effective annual return on its consumer loans of 17.5 percent per year.

User Account

All Pages