Determine the amount of money in savings account

Assignment Help Financial Management
Reference no: EM131975877

Determine the amount of money in a savings account at the end of 3 years, given an initial deposit of $6,000 and an annual interest rate of 4 percent when interest is compounded: Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)

a. Annualy

b. Semi-annualy

c. Quarterly

Reference no: EM131975877

Questions Cloud

Calculate duration and modified duration for the bond : Calculate duration and modified duration for the bond. What is the size and direction of the pricing error in duration-predicted price you calculated in part
Find a costless and riskless trading strategy : Find a costless and riskless trading strategy that makes an instantaneous profit by buying or selling the Treasury note and the portfolio of zeroes.
Market-value ratios : Garret Industries has a? price/earnings ratio of 19.46X. If? Garret's earnings per share is ?$1.45 what is the price per share of? Garret's stock?
How much overall portfolio would change in value : Specifically, using bond durations, estimate how much his overall portfolio would change in value if all rates go up by 1%.
Determine the amount of money in savings account : Determine the amount of money in a savings account at the end of 3 years, calculate your final answer using the formula and financial calculator methods.
Why is the coefficient of variation better measure : Why is the coefficient of variation a better measure than the standard deviation measure when evaluating stand-alone risk in situations
Mortgage interest rates rise : If mortgage interest rates rise from 5 percent to 9 percent but the expected rate of inflation increases from 2 percent to 7 percent,
Systematic risks be minimized like unsystematic risks : Why can’t systematic risks be minimized like unsystematic risks?
An investment offers the cash flows : An investment offers the following cash flows: $150 today, $328 one year from now, $444 in 2 years

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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