User Account

All Pages

Determining the annual payment

Assignment Help Business Management
Reference no: EM132803275

You need to accumulate $86,614 for your son's education. You have decided to place equal year-end deposits in a savings account for the next 8 years. The savings account pays 10.88 percent per year, compounded annually. How much will each annual payment be?

Round the answer to two decimal places.

Reference no: EM132803275

Questions Cloud

Case-evaluating risk and return : 1. Explain how different statistical measures of individual risk help managers and business owners make better decisions. For your answer, consider the followin
What is Rita Company interest expense : Rita also paid P80,000 in lease bonus. The implicit lease rate known to both parties is at 10%. What is Rita Company's interest expense for 2019
Dividend and dividend policy : Does national culture affect corporate payout policy? Explain using examples from your readings or from current events."
What was the standard quantity allowed for materials : Ramie has a standard price of P5.50 per pound for materials. If 1,066 pounds were used in production, what was the standard quantity allowed for materials
Determining the annual payment : You need to accumulate $86,614 for your son's education. You have decided to place equal year-end deposits in a savings account for the next 8 years.
What is the cost of retained earnings : What is the cost of retained earnings using the CAPM model? The DCF model? The Bond yield plus risk premium? What is the average cost of retained earnings?
How much was flow net cash flow from financing activities : Acquisition of land costing $54,500 in exchange for preferred stock issuance. How much was Flow's net cash flow from financing activities
Why is an accurate sales forecast critical to profitability : 1. Can the capital be raised internally, or will new external funds be needed?
What is the contract revenue for brandon company : Brandon Company, What amount should be reported as deferred service revenue on December 31, 2020? What is the contract revenue for 2022?

Reviews

Write a Review

Business Management Questions & Answers

  More global leaders in companies

More Global Leaders in Companies - Most companies lack an adequate number of globally competent executives.

  Management maturity model and why benefits organizations.

Describe the project management maturity model and why it benefits organizations.

  What has led to the more comprehensive strategic view

What has led to the more comprehensive strategic view about total quality management? Why did some quality initiatives fail?

  Produce the final product on time

Material Requirements Planning (MRP) is all about planning ahead so that everything is in place to produce the final product on time. It is primarily a planning

  Discuss the use of assessment tools in online learning

Discuss the use of assessment tools in online learning. What should teachers consider when choosing a particular assessment tool? Which would would recommend and why?

  Embarrassing moments that may cause conflict

We have all been involved in embarrassing moments that may cause conflict. what information you found surprising in this week's course materials and why.

  Debates and extensions and ethical dilemma

Every chapter in the Global Business textbook has a section on "Debates and Extensions" and "Ethical Dilemma"

  Observation about that organization culture

Share examples of artifacts you have noticed to support your observation about that organization's culture.

  Put-call parity relationship

Assuming no interest, what is the predicted share price according to the put-call parity relationship?

  Organizations growth and competitiveness in the marketplace

Discuss in detail how the board of directors as a whole benefit an organizations growth and competitiveness in the marketplace?

  Finding meaning in response to the holocaust

How do Buber, Levinas, and Wiesel differ from Frankl in their views of the possibility of finding meaning in response to the Holocaust?  What do the terms freedom, responsibility, and suffering mean to Frankl? Does the fact that Wiesel and Frankl end..

  Respect to the impact on gdp

Consider the following responses to the event of a hurricane.  For this discussion: you do not need to provide an answer for each of the owners' responses, but do give your economics reasoning to support the conclusion that you've drawn with respe..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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