Figure out the approximate annually compounded rate

Assignment Help Financial Accounting
Reference no: EM133254059

Time Value Personal Finance Problem Misty needs to have $20,000 in 4 years to fulfill her goal of purchasing a small sailboat. She is willing to invest a lump sum today and leave the money untouched for 4 years until it grows to $20,000, but she wonders what sort of investment return she will need to earn to reach her goal. Use your calculator or spreadsheet to figure out the approximate annually compounded rate of return needed if she can invest $14,200 today. The annually compounded rate of return Misty needs to eam to reach her goal is |%. (Round to two decimal places.)

Reference no: EM133254059

Questions Cloud

Design mechanical system using mechanical components : EE041-3.5-2 Machine Design - Asia Pacific University of Technology and Innovation - Design and analyse mechanical system using mechanical components
Determine the height of the image formed by pinhole camera : An object 8cm tall is placed 100mm in front of a 25cm long pinhole camera. Determine the height of the image formed by the pinhole camera.
What is the relationship between wavelength and mass : How is the equation 4 derived from the equation 1 step by step? What is the relationship between wavelength and mass?
Value and between brackets the letter of transaction : Yellow Bank borrows $25,000 through a loan with Purple Bank (transaction A) and issues $10,000 bonds to Dr Orange (transaction B). Dr Orange is a rich widow who
Figure out the approximate annually compounded rate : Time Value Personal Finance Problem Misty needs to have $20,000 in 4 years to fulfill her goal of purchasing a small sailboat. She is willing to invest a lump s
Pass the journal entries to record : At 30 June 2019, Bright Electronic adjusted its Provision for Warranties so that it would be equal to 1% of sales for the year ended on that date. Sales for the
Heating average size home in madison : Heating an average size home in Madison, WI during the month of January consumes 280 therms of natural gas.
How much money a company uses on a day-to-day basis : Respond in 3-5 sentences. responses MUST add something NEW to the discussion, for example:
Discuss valid arguments facebook acquisition : Discuss with valid arguments facebook's acquisition of WhatsApp in monetary terms and consideration. Why did Facebook choose to acquire WhatsApp?

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is his federal income tax

Richard, a single taxpayer, has adjusted gross income of $40,450. His AGI includes $4,000 of qualified dividends. Richard has no dependents and does not itemize deductions. What is his 2008 federal income tax

  Is plant assets held for sale to customers

One thing that differentiates plant assets from other assets, such as inventory, is that plant assets are held for sale to customers

  Describe the perspectives of the balanced scorecard

List and describe the perspectives of the Balanced Scorecard and what steps would you encourage him or her to take in order to successfully implement and use the Scorecard?

  What the amount of dividends paid to preferred

What The amount of dividends paid to preferred and common shareholders in year 3 is? Sweet Company's outstanding stock consists of 2,000 shares

  What is the z-score for the company

Fair-to-Midland Manufacturing, Inc, The stock price of FMM is $31 per share and there are 7,800 shares outstanding. What is the Z-score for this company?

  Why does the value of a share of stock depend on dividends

Why does the value of a share of stock depend on dividends - what circum-stances might a company choose not to pay dividends

  What is the stockholders equity to debt ratio for the data

What is the stockholders' equity to debt ratio for the data? Total current liabilities (noninterest bearing) - $300,000; bonds payable, 5% (issued in 2007)

  Discuss the elements of the fraud triangle

Discuss the elements of the fraud triangle as they apply to Glenn's decision to change the financial statements to reflect more favorable results

  How adjusting entries apply to real-world settings

How does the following concepts of Accounting: Adjusting entries, cost constraints and Going Concern apply to real-world settings.

  How are cash flows affected by days payable

Compare payables turnover and days' payable for both companies. How are cash flows affected by days' payable? How do Oracle's and Cisco Systems' ratios compare with the computer industry ratios shown in the chapter?

  Which is not one of condition necessary in twenty four month

Which is not one of the conditions necessary in the 24 months preceding the sale of shares for qualified small business corporation status to apply for A Co.?

  Why financial institutions have adopted cross-selling

Outline why financial institutions have adopted 'cross-selling' techniques to grow their businesses. (Outline general client characteristics

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