How much interest will have been earned

Assignment Help Accounting Basics
Reference no: EM133140420

Question - Claude made quarterly deposits of $1800 at the beginning of every three-month period into a fund earning 6.1% compounded quarterly for nine years No further deposits were made

(a) How much will be in the account sixteen years after the first deposit?

(b) How much in total was deposited?

(c) How much interest will have been earned?

Reference no: EM133140420

Questions Cloud

Design and develop a java application for fedcr : Design and develop a Java application for FedCR employees to manage the car rental system. The application should have an interactive menu, allowing the user
How much is the adjusted liability : Question - On January 1, 2020, Naj Company sold a machinery to Jiba Company for P2,400,000. How much is the adjusted liability
What amount of net present income should be reported : Henann incurred insurance and property tax expense with a total of P9,000 for the year. What amount of net present income should be reported
Prepare appropriate journal entry to record contingency : At the beginning of 2021, the allowance account had a credit balance of $82,000. Prepare the appropriate journal entry to record the contingency
How much interest will have been earned : Claude made quarterly deposits of $1800 at the beginning of every three-month period. How much interest will have been earned
Find the simple rate of return on the new machine : The new machine would cost $300,000 and would have a fifteen-year useful life. Find the simple rate of return on the new machine
Explain why a team would need a team performance plan : Explain why a team would need a team performance plan and Outline two benefits of good group dynamics on a team's performance
How much of the profit is credited to apple : The Adam and Apple Partnership has a P450,000 net income during the year. Adam gets credit for salary of P120,000. How much of the profit is credited to Apple
Find the dollar amount of the trade discount : Find the dollar amount of the trade discount and the net price using the discount method. The trade discount percentage is 20% and the list price is $580

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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