User Account

All Pages

Earn an annual rate of return

Assignment Help Finance Basics
Reference no: EM13977454

You invest $347 at the beginning of every year and your friend invests $347 at the end of every year. If you both earn an annual rate of return of 3.3%, how much will each of you have in your account after 17 years? (Show your answer to the nearest cent. Round your answer to the nearest 2 decimal places. DO NOT round until after all calculations have been completed and you have reached your final answer. If your answer ends in a zero, only include 1 decimal place and omit the zero. If the answer ends in two zeros after rounding, do not use any decimal places as ANGEL does not recognize the ".00" endings and will remove points from your score.)

Amount in friend's account =

Amount in your account =

Please share the calculator steps.

Reference no: EM13977454

Questions Cloud

Find the angle of the first diffraction minimum : Suppose that the central diffraction maximum for two slits has 33 interference fringes for some wavelength of light. How many interference fringes would you expect in the diffraction maximum adjacent to one side of the central diffraction maximum?
Methods that can be used to optimize database components : Evaluate at least two methods that can be used to optimize database components such as queries, reports SQL transaction processing, and data consumption
Makes specific reference to your learning over the quarter : A self-assessment letter of at least 1.5 pages that discusses your development as a writer and makes specific reference to your learning over the quarter and to the specific ways in which your essay reflects this learning.
Purchasing power parity is an economic theory t : Purchasing Power Parity is an economic theory that estimates the amount of adjustment needed on the exchange rate between countries in order for the exchange to be equivalent to each currency's purchasing power. That is, the exchange rate adjusts so ..
Earn an annual rate of return : You invest $347 at the beginning of every year and your friend invests $347 at the end of every year. If you both earn an annual rate of return of 3.3%, how much will each of you have in your account after 17 years?
Find the kinetic energy gained by an electron : 1.Two parallel plates, each of area 6 cm^2 are charged with opposite charges of equal magnitude 3 nC. if the separation between the plates is 0.5 mm, find the kinetic energy gained by an electron as it is pushed by the electric field across the ga..
Con­taining a day production : A memory chip is chosen at random from a bin con­taining a day's production. Given that the chip is found to be defective, what is the probability that the chip was made on assembly line II? (Hint: Can you put this problem in a form for which Baye..
What is the value of the coefficient of static friction : The normal force acting through the shoes is 4.3N. The radius of the shaft is 0.015m. What is the value of the coefficient of static friction?
What temperature does metal.water syestem reach equilibrium : A 2,00 kg piece of steel with a temperature of 70c is submerged in 1,0 kg of water at 15c.At what temperature does the metal.water syestem reach equilibrium? The specific heat of steel is 0,107cal/(gxK)

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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