How much do you have after the given years

Reference no: EM132156761

Question: Assume that you save 1 penny a day for 50 years, that you deposit it in the bank at the end of each month, and that there are 30.5 days per month (you save 30.5 cents each month). How much do you have after 50 years, if:

(a) The bank does not pay any interest.

(b) The bank pays 2% per month interest.

Reference no: EM132156761

Questions Cloud

Describe the labeling theory of deviance : Describe the labeling theory of deviance. What basic insight about deviance is offered by this approach?

How much was initial investment at a simple interest rate : A manufacturing company made an investment 10 years ago that is now worth $1,500,000. How much was the initial investment.

General legal environment for your company : General legal environment for your company. Based on your findings, are there legal issues that this company should address?

Briefly describe the population and presenting problem : You may be asked to create a new group or help to identify a new evidence-based intervention that can be introduced to the clients.

How much do you have after the given years : Assume that you save 1 penny a day for 50 years, that you deposit it in the bank at the end of each month, and that there are 30.5 days per month.

What is the total payment : A firm has borrowed $5,000,000 for 5 years at 10% per year compound interest. The firm will make no payments until the loan is due.

What could nike do to improve considered index : Evaluate the its Considered Index as a balanced scorecard? Is it a balanced scorecard? What could Nike do to improve the Considered Index?

Compare the four paradigms of organization theory : Are there any combinations among two or more of these paradigms that you find particularly compelling as a way to understand organizations?

How should overtime capacity be utilized : How should overtime capacity be utilized? What are total carrying costs? What are total costs for the plan?

User Account

All Pages