Find the original deposited amount

Assignment Help Corporate Finance
Reference no: EM1346871

Your great aunt Matilda put some money in an account for you on the day you were born. This account pays 8% interest per year. On your 21st birthday the account balance was $5,033.83.

The amount of money that your great aunt Matilda originally put in the account is closest to:

A. $1,200
B. $800
C. $600
D. $1,000

 

Reference no: EM1346871

Questions Cloud

Determine the bank fees : You take a loan on $500,000 for thirty years at the yearly nominal interest rate of 6 percent compounded monthly. The loan payments also have to be paid monthly.
Job-order costing sertoma condos inc : Assuming that the amount of rent revenue from Condo 2 is $48,000, what amount of income did it earn? Based on the preceding information, will the company show finished goods inventory
Why medical machine emits x-rays with a minimum wavelength : A simple harmonic oscillator consists of a block of mass 2.2kg attached to a spring of spring constant 26N/m. When t = 1.60 s, the position and velocity of the block are x = 0.128m and v = 3.170 m/s. (a) What is the amplitude of the oscillations? ..
Illustrate what happens when a cheaper product is offered : Illustrate what happens when a cheaper product is offered due to Impact of Government Imposed Price Ceiling that is below the equilibrium price.
Find the original deposited amount : Your aunt Matilda put some amount in an account for you on day you were born. This account pays 8 percent interest per year. On your 21st birthday the account balance was dollar 5,033.83.
Job costing system of johnsons custom shop : The job costing system of Johnsons custom shop has five activities which are employed as indirect cost pools
How to find the magnitude of the acceleration of a chair : An Indy car with a speed of 125km/h goes around a level, circular track with a radius of 1.3km. What is the centripetal acceleration of the car.
What power input is necessary to maintain the sphere : Using a diesel fired boiler with an efficiency of 80%.How many liters of diesel is required to create 1000kg of steam at 120degrees Celsius from make up water at 20 degrees Celsius.given that enthalpy of steam at 120 degrees Celsius is 2706.3kJ/kg..
Determine predetermined overhead rate : Determine the predetermined overhead rate. Determine the amount of overhead applied during the year. Was overhead overapplied or underapplied? How much?

Reviews

Write a Review

Corporate Finance Questions & Answers

  Control of retirement investing

Explain what do you think Monica's idea of taking control of retirement investing and explain what is your opinion of Richard's contention that saving outside the pension was best?

  Define contribution retirement plans

Show the four retirement risks listed in the textbook in relationship to each of these plans. Provide examples with your explanation

  Create i.c. optometrys balance sheet

The following are account balances on December 31, 2011 for I.C. Optometry given in alphabetical order;

  Amortization schedules of interest expense

Spencer Corporation sells 10% bonds having a maturity value of $3,000,000 for $2,783,724. The bonds are dated January 1, 2012, and mature January 1, 2017. Interest is payable yearly on January 1.

  Discuss why financial institutions are heavily regulated

Explain and discuss why financial institutions are heavily regulated, with specific focus on ability to increase or decrease the money supply. How does the Federal Reserve currently regulate financial institutions in the U.S.,

  What are alternatives that could help reconcile resources

How much will the short fall amount to at the beginning of the retirement period and what lump sum will she need at the beginning of the retirement period

  Discuss the impediments to the success of transaction

An investor notices that an ounce of gold is priced at dollar 318 in London and dollar 325 in New York. Discuss what action could investor take to try to profit from the price discrepancy?

  Providing financial earnings projections

Assume that Jimmy Cliff, a financial writer, recently stated that "there are substantial arguments for including receiving projections in yearly reports & the like.

  Explain and discuss loan factors

An effectively organized loan application decrease the time spent waiting for a response to a loan request. According to John Nelson III, SCORE counselor in Rhode Island & vice president of a major United State bank,

  Calculate the weighted average cost of capital

Calculate the Weighted Average Cost of Capital for three years to study and discuss the trend.

  International finance multiple choice questions

International Finance multiple choice questions - How many US dollars will it take to purchase a Canadian item valued at 543 Canadian? 10. "Tariff" is a trade restriction. List one other trade restriction.

  Determine 5-year annually compounded growth rate of dividend

Determine a 5-year annually compounded growth rate of dividends per share for MCD. Does the recent growth in MCD dividends conform closely to the model used in Question 3? Does the disparity raise questions in your mind about the growth assumption..

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