Find the account balance 14 years

Assignment Help Finance Basics
Reference no: EM132998748

Today, you opened a new account that pays an annual interest rate of 3%. You plan to make an initial deposit a year from now in the amount of $8,000 and then plan to deposit this same amount each year for another 13 years (after the initial deposit). If no other deposits or withdrawals are made to the account, what will be the account balance 14 years from today?

Reference no: EM132998748

Questions Cloud

What would ortiz report as total net revenues : Utilities expense 12,000; Rental revenue 31,000; Interest expense 18,000. What would Ortiz report as total net revenues in a multiple-step income statement?
Description and evaluation of the applications : Interpreting and evaluating Web based analytics platforms - deep learning applications provide a description and evaluation of the applications.
Does project p have normal or nonnormal cash flows : The project is estimated to be of average risk, so its cost of capital is 10%. Draw Project P's NPV profile. Does Project P have normal or nonnormal cash flows?
Explain why it is difficult to simultaneously control : Explain why it is difficult to simultaneously control the money supply and the federal fund rate (discount rate).
Find the account balance 14 years : Today, you opened a new account that pays an annual interest rate of 3%. You plan to make an initial deposit a year from now in the amount of $8,000 and then pl
What is the present value of series of payments : -Assume that a year from today you will start receiving annual payments, which will grow at 2.6% for the next 11 years. If the appropriate discount rate is 3.25
What is amount of gain to be reported on partial disposal : JVE Corp. paid $1,000,000 cash to acquire 35%. What is the amount of gain to be reported on the partial disposal of PG's common shares on January 1, 20X6?
The valuation and financing of lady m confessions : Case Study: "The Valuation and Financing of Lady M Confessions".
Determine the total dollar cost of the trip to Italy : The tour will cost? 2,750 euros ?(€?) and includes? transportation, hotels, and a guide. Determine the total dollar cost of the trip to Italy

Reviews

Write a Review

Finance Basics Questions & Answers

  What is plasti-tech wacc

Future dividends are expected grow by 4%. If the tax rate is 34%, what is Plasti-tech's WACC?

  Analysis and comparison of the companies financing sources

Every group for this assignment is required to select any two (2) public listed companies in the Australian Stock Exchange ASX and then write a report to evaluate their financing sources

  What rate of return must each successful project pay

George lends $200,000 for each new idea. George's history is that he selects low-risk projects or ideas that hit 80% of the time. What rate of return must each successful project pay George for him to break even?

  What is the company wacc-reiterpallasch inc

Reiterpallasch Inc. has provided you the following data: the company expects to pay a dividend of $0.65 at the end of the year, and the dividend

  Explain the selling proposition for shoes

Select the sales promotion technique(s) that would be applicable for that country. Illustrate with at least two (2) examples of each technique.

  What will be the before-tax cost of debt

Notable Nothings plans to issue new bonds with the same yield as its existing bonds. The existing bonds have a coupon rate of interest equal to 6 percent.

  How does international diversification enhance risk

How does international diversification enhance risk reduction? When might international diversification result in subpar returns? What are political risks, and how do they affect international diversification?

  What is the cash conversion cycle

What is the Cash Conversion Cycle (CCC)? Name the components of the CCC and explain why the CCC is important to business.

  What would be the book value of the current assets

The inventory has a book value of $53,300 and an estimated market value of $71,200. If the store compiled a balance sheet as of today, what would be the book value of the current assets?

  What is the value of this investment to you in 10 years

consider an investment that provides the following cash flows for 10 years no cash flows for 15 years after that 120

  Find the intrinsic values of the put options

Find the value of the two put options using the Binomial Option Pricing Model. Also, compute their respective time values.

  Calculate the length of the occ for the business

All purchases and sales are on credit. There has been no change in the level of receivables or payables over the period. Calculate the length of the OCC for the business and go on to suggest how the business may seek to reduce this period.

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