Determine the interest earned

Assignment Help Financial Management
Reference no: EM131552627

Suppose that you earned a bachelor's degree and now you are teaching middle school. The school district offers teachers the opportunity to take a year off to earn a master's degree. To achieve this goal, you deposit $1500 at the end of every three months in an annuity paying 5.5% compounded quarterly. How much will you have saved at the end of 5 years? Determine the interest earned. Round to the nearest dollar.

Reference no: EM131552627

Questions Cloud

Describe a research proposal : Describe a research proposal. What is the purpose of a proposal? What does it mean to replicate a research study?
What is the momentum of the particle : A uniform magnetic field of 45.6mT points in the z direction, as shown in Fig. 8.13. At time t = 0 a particle with a charge of -1.60 × 10-19 C is moving.
Explain the types of diabetes including type 1 and type 2 : Describe one type of drug used to treat the type of diabetes you selected including proper preparation and administration of this drug.
What is the one year forward rate of the pound : What is the one year forward rate of the pound?
Determine the interest earned : Suppose that you earned a bachelor's degree and now you are teaching middle school. Determine the interest earned.
Create a web proposal for designing a restaurant website : In this assignment, you will create a web proposal for designing a restaurant website. You will take into account the target audience of the restaurant.
How to assess and treat adolescent clients requiring therapy : Why did you select this decision? Support your response with evidence and references to the Learning Resources.
Calculate net present value-indicate whether to accept : calculate the net present value (NPV) and indicate whether to accept or reject the machine. Should they accept or reject the machine?
What will be electrons radius of curvature in magnetic field : Physics students often measure the ratio of the charge e of an electron to its mass m. In one experiment to measure e/m, electrons are boiled.

Reviews

Write a Review

Financial Management Questions & Answers

  How much will mike’s balloon payment be in eight years

Mike Bayles has just arranged to purchase $490,000 vacation home in Bahamas with 25 percent down payment. How much will Mike’s balloon payment be in eight years

  Indirect effects on project cash flow

Indirect Effects on Project Cash Flow,  Provide an example of an Opportunity Cost that would arise in your firm when considering a new project.

  Each quarter from your bank account to cover college expense

Beginning three months from now, you want to be able to withdraw $3,600 each quarter from your bank account to cover college expenses over the next four years. If the account pays .76 percent interest per quarter, how much do you need to have in your..

  Completed two appointments with potential clients

You are Financial Planner and have just completed two appointments with potential clients. What are main concerns and life events that should be identified?

  Show the effect of an increase in government purchases

Use an AD-AS graph to show the effect of an increase in government purchases on the price level and the output level in the short run and in the long run. Explain what is happening in your graph.

  Research paper on the enron scandal

Write a 4-7 page research paper on the Enron Scandal. You can apply an ethical evaluation of the situation. For this, include in your paper a brief history of the company and what led up to the ethical dilemma, the stakeholders impacted by the violat..

  Large public corporations with subsidiaries throughout world

Both Berkley and Oakley are large public corporations with subsidiaries throughout the world. Berkley uses a centralized approach and makes most of the decisions for its subsidiaries. Oakley uses a decentralized approach and its subsidiaries make man..

  Bonds on market making annual payments

Essary Enterprises has bonds on the market making annual payments, with twelve years to maturity, a par value of $1,000, and selling for $972. At this price, the bonds yield 7.1 percent. What must the coupon rate be on the bonds?

  Annualize it to determine the effective cost of borrowing

The payoff is based on the exact number of days and a 360-day year. If you have a financial calculator or a spreadsheet with an IRR function, solve for the internal rate of return and annualize it to determine the effective cost of borrowing.

  What would most likely happen on the stock markets

If the Federal Reserve increased the rates unexpectedly, what would most likely happen on the stock markets? Explain.

  What is the firms required rate of return

ABC Company's stock has a beta of 1.32, the risk-free rate is 5.25%, and the market risk premium is 5.50%. What is the firm's required rate of return?

  Your expected rate of appreciation on home equity

what would be your expected rate of appreciation on home equity?

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