Find effective annual rate of interest

Assignment Help Macroeconomics
Reference no: EM1370451

Elizabeth has $35,000 in an investment account, but she wants the account to grow to $100,000 in 10 years without making any additional contributions to the account. What effective annual rate of interest does she need to earn on the account to meet her goal?

Reference no: EM1370451

Questions Cloud

Calculate compensation expense : Stoner Company granted stock options to key employees for the purchase of 60,000 shares of the firm's common stock at $25 per share.
Approaches to discipline : Discuss the following approaches to discipline: hot-stove rule and progressive discipline. Which one do you think is the best approach? Explain your answer.
Explain what can you as a pm do to avoid group think : Explain What can you as a PM do to avoid group think on your team and What types of tools would you use to help you build consensus?
Write the program to model simple calculator : Write the program to model the simple calculator. Each data line must consist of next operation to be performed from list below and right operand.
Find effective annual rate of interest : Elizabeth has $35,000 in an investment account, but she wants account to increase to $100,000 in ten years without making any additional contributions to the account.
Determining cartels-profit maximizing outputs : Compute the profit maximizing output produced by each firm. Compute the profits earned by each firm and the cartel.
Foundations of research-examples of bad survey questions : Distinguish among nominal, ordinal, interval, and ratio scales and define criteria for good measurement in research.
Does node refrain from transmitting its scheduled time : Assume nodes A and B are on same 10 Mbps Ethernet bus, and propagation delay between two nodes is 245 bit times. Does B refrain from transmitting at its scheduled time?
Calculating loan period : You charged $1,000 on your credit card for Christmas presents. Your credit card firm charges you 16 percent yearly interest, compounded monthly.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Response in apa format that provides an economic profile

Write down a response in APA format that provides an economic profile of the trucking industry.

  Marginal analysis

Assume that a given set of resources can be used to make either handbags or wallets. The MC of a handbag is $19 and MC of a wallet is $10.

  Elucidate the difference between the government purchases

Elucidate the difference between the government purchases multiplier and the net tax multiplier. If the MPC falls, what happens to the tax multiplier.

  Utilizing a separate supply and demand diagram

Utilizing a separate supply and demand diagram for each part, illustrate the effect of the price of the yen in terms of dollars of each of the following.

  Assume the government imposed a minimum price

Assume the government imposed a minimum price of $7 in the schedule of exercise 3. What would occur. Illustrate.

  Optimum level of consumption and budget allocation

Optimal consumption. The following Table describes the demand for tickets to the opera, during the two=-week season.

  Determine profit position of the firm

Arrow now sells 100,000 silk shirts at $100 each. The material per shirt expense $40 and labor costs are $50 a shirt. The company has $1.2m. In fixed costs.

  International business-economic view point

The requirement is:- term paper on International Business from economic view point. The topic is effect of corruption on Chinese and Indian economy and how India's IT sector.

  Elucidate the policy which change would be financed

Elucidate the policy which change, you would recommend also how this change would be financed.

  Explain how has the relative composition of m1 changed

Explain how has the relative composition of M1 changed since 1965? Do your best to explain why this change has occurred.

  Factors of increasing cost in healthcare sector

Find out an article which is related to health economics from health journal. Some possible sources include Health Affairs

  Explain how does the economy effect the airline industry

Explain how does the economy effect the Airline Industry. What are economic influences that affect the industry in a negative way.

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