Estimating present balance

Assignment Help Finance Basics

Reference no: EM1329984

If I was going to withdraw 5000.00 at the end of each year for the next four years from an account that pays an interest at a rate of 9% compounded annually. How much must there be in the account today in order for the account to reduce to a balance of zero after the last withdrawal.

How much total interest would you earn?

Reference no: EM1329984

Questions Cloud

Product development : Describe a plan that states specifically what needs to be done and when each item will get done. This plan should include any "product development" efforts that still need to occur and should include your schedule for the creation of your promotional..

Explain important information about asp : Explain Important information about ASP and prepare a document outlining how ASP can be used to put in an online shopping section with shopping cart

Program can be used with a video rental business : Extend above with a Rental class. This class must store a Movie that is rented, an integer representing the ID of the customer who rented the movie, and an integer indicating how many days late the movie is.

Elucidate which project should be accepted : Elucidate which project should be accepted if the required rate of return for the projects

Estimating present balance : How much must there be in the account today in order for account to minimize to a balance of zero after the last withdrawal.

Freedom of speech : All speech receives the same degree of Constitutional protection.Some speech is not protected.

Explain the kantian arguments : Explain the Kantian arguments Denis Arnold and Norman Bowie use in "Sweatshops and Respect for Persons" to support the claim that MNEs have duties to ensure that their off-shore contract factories meet minimum safety standards and provide a living wa..

Illustrate what are the major macroeconomic goals : Illustrate what are the major macroeconomic goals of all societies.

Write down a public static method named chunk25 : Write down a public static method named chunk25 that takes a double and returns an integer that represents the number of chunks of 25 in that number. A chunk of 25 is 25, or any part thereof

User Account

All Pages