How much is in the account after ten years

Assignment Help Financial Management

Reference no: EM131814718

A person deposits 1000 into an account that pays interest at a nominal rate of i convertible quarterly for the first 8 years and thereafter pays interest at a rate of 1.5i convertible bimonthly. The amount in the account after 5 years is 1516. How much is in the account after 10 years?

Reference no: EM131814718

Questions Cloud

Internal growth rate-what is the internal growth rate : Internal Growth Rate Last year Umbrellas Unlimited Corporation had an ROA of 9.3% and a dividend payout ratio of 50.7%. What is the internal growth rate?

Determining organisations that govern accounting : Suppose you are starting a business, Wholly Shirts, to imprint logos on T-shirts. In organising the business and setting up its accounting records.

Identifying types of business organisations : Chloe Michaels plans on opening Chloe Michaels Floral Designs. She is considering the various types of business organisations and wishes to organise.

Applying accounting assumptions and principles : Michael Manama is the proprietor of a property management company, Apartment Exchange, near the campus of Pensacola State College.

How much is in the account after ten years : The amount in the account after 5 years is 1516. How much is in the account after 10 years?

Calculate the net income for stumble-on-inn last year : Calculate the net income for Stumble-on-Inn last year. Using the above information, calculate Rick’s ROA.

How much were global cleaning service liabilities : At the end of a recent year, Global Cleaning Service, a full-service house and office cleaning service, had total assets of $3,630 and equity of $2,280.

What is the present value of this stream of cash flow : Wally, president of Wally's burgers is condidering franchising. What is the present value of this stream of cash flow?

Value of inventory listed on the firm balance sheet : Calculate the value of inventory listed on the firm’s balance sheet.

User Account

All Pages