Great aunt matilda put some money in an account

Assignment Help Finance Basics
Reference no: EM13745094

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. $600
B. $800
C. $1,200
D. $1,000 

Reference no: EM13745094

Questions Cloud

Identify two significant technological innovations : Identify two significant technological innovations/achievements from the late 19th and early 20th centuries. Describe, in your opinion, why you believe your choices were significant global impacts during that time period.
Solve enterprise value-ebitda multiple with market value : How to solve enterprise value-EBITDA multiple with market value, cash, debt, EBIT, and total in depreciation and amortization
Timeline detailing a stream of cash flows : Consider the following timeline detailing a stream of cash flows. Date 0 1 2 3 4? $5000 $6000 $7000 $8000Cash Flow
Schefter Mining operates a copper mine in Wyoming : Schefter Mining operates a copper mine in Wyoming. Acquisition, exploration, and development costs totaled $8.2 million. Extraction activities began on July 1, 2011.  What is the initial cost of the copper mine?  How much accretion expense will Sche..
Great aunt matilda put some money in an account : 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
Regarding money market instruments : 1. Regarding money market instruments, how do U.S. Treasury bills differ from short-term municipal securities?2. What are book-entry securities? Can U.S. Treasury securities be held in book-entry format?
Compute the dollar-value LIFO inventory valuation : Appleton Inc. adopted dollar-value LIFO on January 1, 2011, when the inventory value was $1,200,000. The December 31, 2011, ending inventory at year-end costs was $1,430,000 and the cost index for the year is 1.1.
What riots erupted as a result of racial tensions : Discuss the origins and role of the NAACP during the pre and post segregation era. What riots erupted as a result of racial tensions during the Civil Rights era?
Compute the labor price and quantity variances : Lewis Company’s standard labor cost of producing one unit of Product DD is 3.20 hours at the rate of $14.00 per hour. During August, 41,500 hours of labor are incurred at a cost of $14.12 per hour to produce 12,800 units of Product DD. Compute the la..

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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