Determine the value of the deposit at the end of the year

Assignment Help Accounting Basics
Reference no: EM132736521

Question: Company Y deposits $3 million in bank. The interest rate is 12% and is compounded quarterly. Determine the value of the deposit at the end of the third year. The response must be typed, double spaced, times new roman, font size 12 and must follow APA format.

Reference no: EM132736521

Questions Cloud

Designing a qualitative study : What are two important aspects to consider when designing a qualitative study?
The law is so different in the two countries : How do laws differ between Canada and the U.S. regarding prostitution? Why do you think the law is so different in the two countries?
Research various types of assistance available : Research various types of assistance available to women and minority business owners. visit the SBA website to find out what services and resources it offers
What the balance in retained earnings would be : In the following year, they had Net Income of $150,000 and Dividends of $75,000; as of Dec 31, 1845, the balance in Retained Earnings would be
Determine the value of the deposit at the end of the year : Company Y deposits $3 million in bank. The interest rate is 12% and is compounded quarterly. Determine the value of the deposit at the end of the third year.
What are the pros and cons of working from home : What are the pros and cons of working from home? Experts say it takes a certain mentality to work from home. What skills do you think it takes to do it successf
What is flat organizational structure : What is flat organizational structure and how does it differ from other types of organizations?
What is the net income or loss of the agency for the year : eExpense vouchers for P4,500; Cost of goods sold identified with the agency sales, P72,000. What is the net income (loss) of the agency for the year, 2019?
Design visuals to present imc campaign idea : Design visuals to present IMC campaign idea For Samsung company.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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