How much is this account worth after years

Assignment Help Business Economics
Reference no: EM13156722

You deposit $266 per month in a savings account in the Cayman Islands at an nominal annual interest rate of 6.22%. The interest earned is deposited back into the savings account at the end of each month. How much is this account worth after 24 years? Submit your answer to the nearest dollar.

Reference no: EM13156722

Questions Cloud

What tax issues should regina consider : Regina accepted a new job in Dallas in April 2008. Unable to rent her home, she rented it in November 2008, at which its fair market value was $240,000. In June 2010, she sold the home for $230,000. What tax issues should Regina consider?
Compute ml of naoh needed to reach the equivalence point : Calculate: A) mL of NaOH needed to reach the equivalence point B) pH of the solution before the addition of any NaOH C) pH of the solution after the addition of 15.0 mL of NaOH
Find the p-value and interpret it using excel : State the decision rule and sketch it. (c) Find the test statistic. (d) Make a decision. (e) Use Excel to find the p-value and interpret it.
What is the effective interest rate of an investment : What is the effective interest rate of an investment if the nominal annual interest rate is 4.67% and it is compounded semi-annually? Express your answer as a percent to two decimal places.
How much is this account worth after years : The interest earned is deposited back into the savings account at the end of each month. How much is this account worth after 24 years? Submit your answer to the nearest dollar.
Why are genes encoding cyclins considered proto-oncogenes : A similar process occurs at the G2 to M checkpoint. A G2 cyclin binds to a Cdk to form a complex. Until the cell is ready to enter mitosis, phosphorylation of the CdK by another kinase keeps the Cdk inactive.
Concept of a forming a partnership : Izabelle and Marta are forming a partnership. Izabelle will invest a piece of equipment with a book value of $5,000 and a fair market value of $15,000. Marta will invest a building with a book value of $30,000 and a fair market value of $35,000.
Will the unemployment rate increase or decrease by how much : Suppose the short-run Phillips Curve shifts from SRPC1 to SRPC3. At a 5% inflation rate, will the unemployment rate increase or decrease? By how much?
How might a point mutation create an inactive form of p53 : The TP53 gene encodes the p53 protein. This 393-amino acid protein is a transcription factor that is regulated by phosphorylation and by its interaction with another phosphoprotein, the negative regulator Mdm2.

Reviews

Write a Review

Business Economics Questions & Answers

  Illustrate what are implications for economic analysis

Illustrate what are implications for economic analysis if most people don't follow economic decision rule in many aspects of their decisions.

  The private marginal benefit for commodity

The private marginal benefit for commodity  X  is given by 50-5 X , where X is the number of units consumed.  The private marginal cost of producing  X  is constant at $10.  For each unit of  X  produced, an external benefit of $5 is imposed on membe..

  Explain how much will you be able to spend next year

Suppose that you save all of your money to spend next year. Explain how much will you be able to spend next year. How much will you be able to spend this year.

  Elasticity of demand for larissas legal services

Illustrate what can we say about the elasticity of demand for Larissa's legal services. Elucidate which is consistent with the direction of these shifts

  Basic principles of organization

learned some of the basic principles of organization, pause and think of where you have already applied such concepts yourself

  Should you make her an offer at the salary

Should you make her an offer at the salary or continue the interviewing process. Explain

  What does the term intellectual property encompass

Illustrate what does the term intellectual Property encompass also why are companies so concerned about protecting it

  Illustrate what economic decision makers determine demand

Illustrate what economic decision makers determine the demand for labor. What is their goal, and what decision criteria do they use in trying to reach that goal.

  Elucidate how would you price these two events differently

Demand for sporting events is uncertain, and depends on the quality of the match, as well as on unpredictable events, like the weather. Elucidate how would you price these two events differently.

  What will be the main effects of this price floor

Next, suppose that the government establishes a price floor of $4.60 for wheat. What will be the main effects of this price floor? Demonstrate your answer graphically.

  Describe the benefits and costs associated

Describe the benefits and costs associated with each type of externality. What happens to the Supply and/or Demand curve in each of your examples.

  Provide the information is it surprising that the company

Provide the information, is it surprising that the company's revenueincreased when it decreased the average selling price of its phones.

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