How much is in the account at the end of year

Assignment Help Microeconomics
Reference no: EM132156892

Quesiton: Elias makes 7 annual end-of-year deposits of $350 into an account earning 2.5% interest. How much is in the account at the end of Year 11, if he makes no additional deposits and makes no withdrawals? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132156892

Questions Cloud

How much money can she withdraw : LaQuita deposits $3500 in her retirement account every year. If her accountpays an average of 6% interest and she makes 38 deposits before she retires.
How much money should timothy and tiffany deposit : How much money should Timothy and Tiffany deposit annually for 20 years in order to provide an income of $30,000 per year for the next 10 years?
How much must he set aside in savings account : Martin pays rent of $500 per month for the 9-month academic year. He is going to travel the world this summer and won't be working.
How far below or above his goal will he be : Liam dreams of starting his own business to import consumer electronic products to his home country. He estimates he can earn 5% on his investments.
How much is in the account at the end of year : Elias makes 7 annual end-of-year deposits of $350 into an account earning 2.5% interest. How much is in the account at the end of Year 11.
About managing problem employees : What was your Ah Ha when taking a course about " Managing Problem Employees" (what struck you as very very important) moment for this class and why?
How much should be in savings account to fund : If the university's College of Engineering can earn 4% on its investments, how much should be in its savings account to fund one $5000 scholarship each year.
How many codes would you like in the paper : Ethics in Business and Society - How many codes would you like in the paper? is there a limit - Is the example you handed out in class the same format
How much will be in account after deposit : Brad will graduate next year. When he begins working, he plans to deposit $3000 at the end of each year into an IRA account. If the retirement account pays 4%.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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