Does your equal payment period match the compounding period

Assignment Help Financial Management

Reference no: EM131511737

Show calculator inputs with final answer

You deposit equal payments of $1000 in the bank for the next 5 years only. Assume the payments are made at the end of the year. What is the interest rate that you would earn if you have $6,200 at the end of five years? Assume annual compounding. Does your equal payment period match the compounding period?

Reference no: EM131511737

Questions Cloud

Minimum monthly payment you will be required to pay : How much can you borrow today on the new card without changing the minimum monthly payment you will be required to pay?

How long will it take you to pay off loan : You have an outstanding student loan with required payments of $600 per month for the next four years. How long will it take you to pay off the loan?

What is present value of an investment that promises to pay : What is the present value of an investment that promises to pay the following: $240 received at the end of each year for 3 years.

Consider property with expected future net cash flows : Consider a property with expected future net cash flows of $50,000 per year for the next 5 years.

Does your equal payment period match the compounding period : Assume annual compounding. Does your equal payment period match the compounding period?

Calculate the annual compound growth rate of the house price : Calculate the annual compound growth rate of the house price during the period when the house was owned by Robert G. Goldstein (since 2007).

Amounts in your savings account at beginning of each year : You plan to deposit the following amounts in your savings account at the beginning of each year.

What is first dividend expected to pay at the end of years : What's the first dividend expected to pay at the end of this years? _

Base your decision on an annual worth analysis : Value Lodges owns an economy motel chain and is considering building a new 200-unit motel. Base your decision on an annual worth analysis.

User Account

All Pages