Computing amount of semi-annual investment

Assignment Help Finance Basics

Reference no: EM1327611

Jean Cleveland currently has $5,750 in a money market account paying 5.65 percent compounded semi-annually. She plans to use this amount and her savings over the next 5 years to make a down payment on a townhouse. She estimates that he will need $15,000 in 5 years. How much should she invest in the money market account semi-annually over the next 5 years to achieve this target?

Reference no: EM1327611

Questions Cloud

Explaining the union representation election : If a representation election is held, the union is certified if greater than what percent of the voters cast a "yes" vote in favor of a union?

Express a mechanism to access the telephone customer : express a mechanism to access the telephone customer.describe your selection and discuss the speed of the search operation. Keep in mind that a million records cannot be kept in one array. There is no need to code in C++.

Identify the benefits of using iso 9000 : ISO 9000 standards - Identify the benefits of using ISO 9000. Site your references.

Analyze the low-cost and a differentiation strategy : Analyze the low-cost and a differentiation strategy

Computing amount of semi-annual investment : Jean Cleveland currently has $5,750 in a money market account paying 5.65 percent compounded semi-annually. How much should she invest in money market account semi-annually over the next five years to achieve this target?

Problems on microcomputer applications for management : problems on Microcomputer Applications for Management.

Compute the elasticity of demand in going : Compute the elasticity of demand in going from 2 unit to 3 units. Is the demand elastic or inelastic in this range.

What technology can be used to further goals and strategies : Electronics Company: what technology can be used to further goals & strategies

Explaining about the "collective bargaining" : The right to strike is one of the rights made available to employees expressly provided by the National Labor Relations Act.

Reviews

Write a Review

Required(*) Message

Finance Basics Questions & Answers

Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

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

User Account

All Pages