Determine the amount in the fund immediately

Assignment Help Microeconomics
Reference no: EM13338153

Five annual deposits in the amounts of ($1,200, $1,000, $800, $600, and $400) are made into a fund that pays interest at a rate of 9% compounded annually.

Determine the amount in the fund immediately after the 5th deposit.

Reference no: EM13338153

Questions Cloud

Can you be certain that you should recommend to your : You are comparing two potential mutually exclusive investment projects. You have calculated the expected NPV of project A to be $3,758 and that of project B to be $3,114. Can you be certain that you should recommend to your management to implement pr..
Underlie modern industrial society : How might you explain the core, "root cause" assumptions that underlie modern industrial society, and that explain society's potential inability to sustain itself much further into the future?
What will happen to the equilibrium price of wooden toothpic : Assume the market for wooden toothpicks is competitive. Earlier this week, in a nationally published study, 4 out of 5 dentists enthusiastically endorsed the benefits of toothpicking for dental health
Even if the prices of a large number of goods and services : Evaluate the following statement: Even if the prices of a large number of goods and services in the economy increase dramatically, the real GDP for the economy can still fall.
Determine the amount in the fund immediately : Five annual deposits in the amounts of ($1,200, $1,000, $800, $600, and $400) are made into a fund that pays interest at a rate of 9% compounded annually.
What is the nominal interest rate : A bank announces that it has changed its interest computation method to continuous compounding. Now $2000 left in the bank for 9 years will double to $4000.
For the last question there are two groups : For the last question (iv), there are two groups. Do the HPO/Honours/MATH6103 students group
What is the marginal product of labor for tvs and cars : What is the marginal product of labor for TVs and cars in the home country? what is the no-trade relative price of TVs at Home ?
Write the code to play a number guessing game : Write the code to play a number guessing game. Allow the user to select a lower and upper range to guess between. Ask the user how many guesses they want to guess the number. (Can be accomplished by a text box or a numeric up/down control).

Reviews

Write a Review

Microeconomics Questions & Answers

  Maximizing total production function

Suppose that raw materials (input R) are fixed at 10 units. Determine the number of units of input L that maximizes the total product function.

  Discuss economic effects of the change in market structure

Suppose all the competitve firms collude to form one single monopoly firm. (Collusion changes neither the demand nor the cost conditions in the industry.) Discuss the economic effects of the change in market structure.

  Connection between demand for goods and market failures

What is significant about the connection between the demand for goods and market failures? What happens to the demand for goods when a market fails

  Discuss short and long run costs

Discuss short and long run expenses. For the short run discuss the relationship in cost and production theory and the idea of diminishing returns.

  Example on interactive model

Does the heavy crude have lower or higher value from the base crude and if this is the global marginal refiner, what is the crude price differential between these two crudes?

  What would have benefitted from increased competition

name a good or service that you have purchased in recent months from a monopolist. How did the monopoly come to exist Do you think you would have benefitted from increased competition in the market for this good or service

  Define annual yield

A bond with no expiration date has a face value of $10,000 and pays a fixed 10 percent interest. If the market price of the bond rises to $11,000, the annual yield approximately equals.

  Define govt. attempts to prohibit monopolization of a market

general electric which produces light bulbs, jet engines, washing machines, and so on, kinko's which has a photocopy store near many colleges and univesities, usx corporation which owns ore and coal mines, coke ovens, blast furnaces, mills, and foun..

  Affects on the costs of the forest service incurs

Lightweight personal locator beacons are now available to hikers that make it easier for the Forest Service's rescue teams to locate those lost or in trouble in the wilderness.

  Determining short run-long run movement

Assume Labor is the Variable Input. Capital and Land are the inputs which requires the longest time period before they can be adjusted. Explain the movement of the resources in both SHORT RUN and LONG RUN

  Plot the supply and demand curves on a plot with quantity

Plot the supply and demand curves on a plot with "Quantity of houses" on the horizontal axis, and "Price of houses" on the vertical axis.

  Do business firms operating in competitive markets have

Do business firms operating in competitive markets have a strong incentive to serve the interest of consumers? Are “good intentions” necessary if individuals are going to engage in actions that are helpful to others? Discuss.

Free Assignment Quote

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd