Determine the amount alistair must deposit on june

Reference no: EM13232526

Alistair deposited $10,000 on July 1, 2005, in a first fund that gives interest of 31 2 percent compounded semiannually and matures on June 1, 2012. He knows that, on December 18, 2012, he can deposit money in a second fund that will pay interest of 3.96 percent compounded quarterly and will mature on February 18, 2038. Between the maturity date of the first fund and the start date of the second fund, he can earn interest of two percent in a short-term deposit fund. If Alistair wants to receive $50,000 on the maturity date of the second fund, determine the amount he must deposit on June 1, 2012, in the short- term deposit fund in addition to the amount he will receive from the first fund.

Reference no: EM13232526

Questions Cloud

Explain all colors of the visible spectrum : Why would it have been expected for iodine to have emission lines that included all colors of the visible spectrum? explain

Find the rate of interest that is implied by retailers offer : A retailer has offered you two options to purchase kitchen and laundry appliances: A. $3598.88 cash today; or B. a down payment of $912.50 plus three additional identical payments 80 days, 160 days, and 320 days from today.

How much of an impact does maturity level of the industry : How much of an impact does "maturity" level of the industry or company have on strategy?

Define the trna and mrna : In an experiment, you purify a cysteine-charged tRNA and chemically alter the amino acid attached to it converting it to alanine, the normal protein coded for by the mRNA in the mixture

Determine the amount alistair must deposit on june : Alistair deposited $10,000 on July 1, 2005, in a first fund that gives interest of 31 2 percent compounded semiannually and matures on June 1, 2012. He knows that, on December 18, 2012, he can deposit money in a second fund

Explain the stilbene molecule has seven double bonds : The stilbene molecule has seven double bonds, yet in this reaction, only one of them undergoes addition with the Br2 generated in the reaction mixture. What functional group(s) is(are) the other six bonds in, and what can you say about the reactiv..

Compute the optimal pricing scheme of the iphone : Suppose that technophiles are willing to pay $400 now for the latest iphone, but only $300 if they have to wait a year. Normal people are willing to pay $250 and their desire to purchase doesn't vary with time. Ignore the time value of money

Develop a list of the departmental forms found in record : Explain how the use of a speech recognition software program allows the data to be stored and retrieved, and how this relates to a Clinical Information System.

Determine the range of annual production : Production Option Two would have an annual fixed cost of $190,000 and a variable cost of $4 per unit. Determine the range of annual production for which each of the alternatives would be best.

User Account

All Pages