Earning interest at a compound rate

Assignment Help Finance Basics
Reference no: EM132245081

Your grandparents put $1,000 into a saving account for you when you were born 30 years ago. This account has been earning interest at a compound rate of 7%. What is its value today?

Reference no: EM132245081

Questions Cloud

What is the most you would be willing to pay today : They claim your return on the annuity is 9%. What is the most you would be willing to pay today for this annuity?
What factors contribute to biased sex-ratio : What factors contribute to a biased sex-ratio? What are the consequences of biased sex-ratios at birth? Will the problem sort itself out eventually?
How to conduct locational arbitrage : How to conduct locational arbitrage? Use an example to explain it.
Evaluate the two key contextual factors : Assume that you want to create the right context and environment for a successful integrative negotiation during your upcoming meeting with ACORE.
Earning interest at a compound rate : This account has been earning interest at a compound rate of 7%. What is its value today?
Why do international arbitrages exist in foreign exchange ma : Why do international arbitrages exist in foreign exchange market? Is arbitrage useful for foreign exchange markets?
Discuss about the profit-sharing activities : China is distinct as corruption in the country takes its form in "profit-sharing" activities, as opposed to other countries where the corruption is focused.
Calculate two investment options using tvm : You receive a lump sum of $10,000 from an inheritance. Calculate these two investment options using TVM.
Define difference in parametric and nonparametric statistics : Discuss the difference between parametric and nonparametric statistics and make sure to cover all of the following points: When are each appropriate to use.

Reviews

Write a Review

Finance Basics Questions & Answers

  Find the future value of this annuity

The sum of $10,000 is deposited at the end of each year for the next 12 years in an account paying 5.5% interest compounded annually.

  What is the significance of precedent to judicial

as a new manager in your department you are tasked with the job of providing employee training for members of your

  How much you will have in the account

You placed $1.360 in a savings account today that earns an annual interest rate of 9 percent compounded annually. How much you will have in this account.

  What are the key differences in the tax law requirements

What are the key differences in the tax law requirements that apply to a Type A stock-for-assets acquisition versus a Type B stock-for-stock acquisition?

  What is the amount of the expected dividend in year 4

Scenic images paid an annual dividend of $1.85 per share last year. Management just announced that future dividends will increase by 3% annually. What is the amount of the expected dividend in year 4?

  What is the required rate of return on woidtkes stock

Woidtke manuffacturing's stock currently sells for $20 a share. The stock just paid a dividend of $1.00 a share, ad the dividend is expected tp grow forever at a constant rate of 10% a year. What is the required rate of return on Woidtke's stock?

  Compute the rate of inflation during the year

Compute the rate of inflation during this year. Compute the real rates of return on each of the investments in your portfolio based on the inflation rate.

  Calculate coefficient variation and select best investment

Based on the following information, calculate the coefficient of variation and select the best investment based on the risk/reward relationship.

  Firm equity and the risk of the firm debt

If a change in capital structure increases the risk of the firm's equity and the risk of the firm's debt, and there are no other financial claims

  What is the profit on new sales

The collection cost on these accounts is 5% of new sales, the cost of producing and selling is 78% of sales and the firm is in the 29% tax bracket. What is the profit on new sales?

  Define potential problems in using financial ratio analysis

Identify two things that are useful to know about each of the following financial statements of a firm and explain how this knowledge is useful.

  Describe why teams are being formed more frequently

Describe why teams are being formed more frequently in business today. What are some of the special considerations required for a team to be successful?

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