How many months will it take for him to save

Assignment Help Financial Accounting
Reference no: EM133006223

Question - Suppose Brian deposits $45,000 into an account earning 6% interest, compounded monthly. If, in addition to the initial investment, Brian saves $600 each month, how many months will it take for him to save $67,000?

Reference no: EM133006223

Questions Cloud

Outline the classroom routine : Outline the classroom routine you observed each day during work placement.
Find an article of interest : There are numerous HR topics you can explore without becoming a member. Find an article of interest to you that focuses on an area of Human Resources you would
Construct a simulation model to estimate the average profit : A beta parameter of 2. Construct a simulation model to estimate the average profit and the probability that the project will result in a loss.
Components support cross-functional collaboration : Note:What are the key components support cross-functional collaboration and teamworkWhat are the roles
How many months will it take for him to save : If, in addition to the initial investment, Brian saves $600 each month, how many months will it take for him to save $67,000
How a company can go broke : How a company can go broke if they purchase $20,000 of inventory in every three months, and then sell each batch over time bringing in $4,000/month
Importance of studying human behavior : Question: As a college student, what is the importance of studying Human Behavior?
Find what is market price of dollar thousand face value bond : What is the bond price of a $1,000 face value bond, with an 8% coupon rate paid semi-annually, that has a required return of 7.5% if bond has 16 years maturity?
Elements of organizational behavior : Question: Describe each of the elements of organizational behavior

Reviews

Write a Review

Financial Accounting Questions & Answers

  About the federal income tax return

Please complete the 2015 federal income tax return for Joseph and Diana Cohen. Ignore the requirement to attach the form(s) W-2 to the front page of the Form 1040. If required information is missing, use reasonable assumptions to fill in the gaps. Pl..

  What is the profitability index

She projects that this will cost $385,000 up front. If the project discount rate is 11%, what is the profitability index (PI)

  How much amount to be presented loans and receivables

How much is the amount to be presented as "loans and receivables" under current assets section of the statement of financial position

  Mate boomerang corporation manufactures and sells plastic

mate boomerang corporation manufactures and sells plastic boomerangs. expected boomerang sales in units for the

  Compute the annual equivalent cost for each equipment

Using a discount rate of 10%, compute the annual equivalent cost for each equipment. Which equipment will be your choice and why?

  How much cash received for services provided during december

Service Revenue was $4,600 for the month of December. How much cash was received for services provided during December?

  Calculate the ois zero rates using continuous compounding

Calculate the OIS zero rates using continuous compounding. Interpolate between continuously compounded rates linearly to determine rates between 6 months and 12

  What accounts are included in working capital

What accounts are included in working capital? Minimizing liquidity is an excellent way to meet a company's short-term financial obligations. true/false

  Calculate the market value of outstanding preferred share

Calculate the market value of the outstanding preferred share given that the required rate of return is 9.3 percent. Estimate the value of outstanding preferred

  How do half-month convention depreciation

How do you do half-month convention depreciation? Is there some sort of formula? For EX: If yearly straight-line depreciation is $2,400

  Calculate the amounts of the adjusting entries

Calculate the amounts of the adjusting entries and enter them in the adjustments column.

  Commercialism vs professionalism in accounting profession

Discuss the issue of commercialism versus professionalism in the accounting profession with respect to thechanges in the rules of conduct described in the case. Do you think these changes are good or bad for theprofession? For the public?

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