User Account

All Pages

How much do you have to invest now

Assignment Help Financial Accounting
Reference no: EM132776620

Question - Suppose you will need $245,000 in 3 years to start up a new gym. With a 4.5% yearly compounded interest rate, how much do you have to invest now in order to achieve this goal?

Reference no: EM132776620

Questions Cloud

Which students enrolled in database and networking course : Which students are enrolled in Database and Networking course? How many students are enrolled in Section 2714 in the first semester of 2018?
By how much profit increases or decreases : Stellar Company has the following sales, variable cost, and fixed cost. If sales increase by $10, 000 then their profit increases/decreases by how much
Calculate the total distance traveled by the car : It then accelerates at a rate of -1.5 m/s until stop. Find the car's maximum speed. Calculate the total distance traveled by the car.
Determine correct inventory amount to be reported in raymond : Determine the correct inventory amount to be reported in Raymond's 2021 balance sheet. The December 31, 2021, year-end inventory balance of the Raymond
How much do you have to invest now : With a 4.5% yearly compounded interest rate, how much do you have to invest now in order to achieve this goal
Draw a fbd for the puck for phase of the motion : A hockey puck at rest on a very smooth icy surface with negligible friction. It is struck with a hockey puck to the right. It speeds up while it is in contact w
Calculate the velocity in units : Calculate the velocity in units of m/s. Round of your answer to 2 decimal places and do not write unit.
Make a statement of cash flows for Pharoah : Equipment costing $40,000 was purchased by paying $34,550 cash and issuing 100 shares. Make a statement of cash flows for Pharoah
How does depreciation affect the income statement : How depreciation might affect your decisions to purchase expensive equipment or real estate? How does depreciation affect the income statement and balance sheet

Reviews

Write a Review

Financial Accounting Questions & Answers

  What was interest expense for holly art galleries

What was its interest expense? (Hint: Write out the headings for an income statement and then fill in the known values. Then divide $15.8 million net income

  Determine the present value of four end-of-year payments

Determine the present value of four €100 end-of-year payments if the first payment is to be received three years from today and the appropriate rate of return

  Paney company makes calendars information on cost per unit

paney company makes calendars. information on cost per unit is as followsfixed marketing expense totaled 13000 and

  Amount of the unamortized bond discount

What should be the amount of the unamortized bond discount on April 1, 2018 relating to the bonds converted? (rounded to the nearest dollar)

  Determine what rate would the bank offer a customer

Find what rate would the bank offer a customer who is in upper medium grade risk class? The bank pure rate of interest is 4.0% and the inflation premium is 3%.

  Calculate the selling price being asked by each business

Calculate the selling price being asked by each business and the purchase price offered by Photographics. Should each business sell out to Sharp Photographics?

  Determine who is entitled to the dividend for share of stock

September 5, payable on September 10. Who is entitled to the dividend for the shares of stock represented by certificate No. 184A?

  Find what the size of the payment at month five

David must pay off a loan of R7 000 due now, What the size of the payment at month five if interest is calculated at 16% per year, compounded monthly, is?

  Calculate the total bond interest expense over the bonds

Calculate the total bond interest expense over the bonds’ life. Prepare a straight-line amortization table like Exhibit 10.11 for the bonds’ life.

  The order qualified for quantity discount

A wholesaler ordered 14 bolts of drapery fabric at $5.50 per yard. Each bolt had 60 yards. The order qualified for a quantity discount of 2%. The merchandise was shipped FOB factory; freight charges of $21.80 were prepaid. The invoice was dated March..

  Bonus equal to difference between corporation taxable income

Nittany Company pays its sole shareholder, Tammy Lion, a salary of $115,200. At the end of each year, the company pays Tammy a "bonus" equal to the difference between the corporation’s taxable income for the year (before the bonus) and $65,500.

  Practice of recording prepaid expenses and unearned revenues

Arnez Co. follows the practice of recording prepaid expenses and unearned revenues in balance sheet accounts.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd