Determine how much is the investment worth now

Assignment Help Econometrics

Reference no: EM13222524

Jim Duggan made an investment of $10,000 in a savings account 10 years ago. This account paid interest of 5 1/2% for the first 4 years and 6 1/2% interest for the remaining 6 years. The interest charges were compounded quarterly. How much is this investment worth now?

Reference no: EM13222524

Questions Cloud

Identify the limitations of the research proposal : What implications and assumptions are being made regarding the proposed sample and how it represents the proposed population and what assumptions are you making regarding the instrument's validity and its ability to measure the desired variables?

Explain the decomposition of carbon disulfide : The decomposition of carbon disulfide, CS2 to form carbon monosulfide, CS and sulfur is first order with k = 2.8 x 10^-7 / second at 1000 degrees C. CS2 => CS + S determine how many days would be needed before a 1.00 gram sample of CS2 had decompo..

What will happen to equilibrium price nd equilibrium quatity : Illustrate the following situation by using supply and demand curve. a. The federal government "supports" the price of wheat by paying farmers not to plant wheat on some of their land. What will happen to the equilibrium price and the equilibrium ..

Define what is the final temperature in a squeezed cold pack : What is the final temperature in a squeezed cold pack that contains 40.0 g of NH4NO3 dissolved in 135 mL of water? Assume a specific heat of 4.18 J/(g·°C) for the solution, an initial temperature of 25.0°C, and no heat transfer between the cold pa..

Determine how much is the investment worth now : Jim Duggan made an investment of $10,000 in a savings account 10 years ago. This account paid interest of 5 1/2% for the first 4 years and 6 1/2% interest for the remaining 6 years. The interest charges were compounded quarterly. How much is this ..

What are the advantages of strategic alliances : According to resource dependency theory, what motivates organizations to form interorganizational linkages? What are the advantages of strategic alliances as a way of exchanging resources?

Explain what is the heat of combustion per gram of octane : A 1.800 g sample of octane, C8H18, was burned in a bomb calorimeter whose total heat capacity is 11.66 kJ/°C. The temperature of the calorimeter plus contents increased from 20.01°C to 29.99°C. What is the heat of combustion per gram of octane?

What is standard deviation of demand during replenishment : What is the standard deviation of demand during replenishment of blue diamond if the standard deviations of demand per period and lead time are 1.2 and 1.5 respectively.

What would be the contribution to us gnp and gdp : Save U More, a grocery in Iowa, purchased 2000 lbs. apples from an Iowan farmer at $0.4 per pound. The grocery store sold 1500 lbs. of the apples as fresh apples at $0.9 per lb., used the rest (500 lbs.) to make 200 gallons of apple cider, and sol..

User Account

All Pages