How much is this account worth after years

Assignment Help Business Economics
Reference no: EM13157174

deposit $278 per month in a savings account in the Cayman Islands at an nominal annual interest rate of 3.15%. The interest earned is deposited back into the savings account at the end of each month. How much is this account worth after 38 years?

Reference no: EM13157174

Questions Cloud

Explain barium sulfate is used in medical imaging : Barium sulfate, , is used in medical imaging of the gastrointestinal tract because it is opaque to X rays. A barium sulfate solution, sometimes called a cocktail
Case study - Grand Wines : At least one-day is lost in supplying customers with products because of the delays in getting orders into the system.
Which kinds of spores are produced from a peyote plant : Which kinds of spores are produced from a Peyote plant?
Billing staff generally manage bill printing : How does the billing staff generally manage bill printing?
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 38 years?
Find proportion who arrive at lectures without breakfast : How many students would you include in a random sample to determine with 95% probability and to within 5% of the true value the proportion who arrive at 9am lectures without breakfast?
What is the vapor pressure of a solution : At 55.0C, what is the vapor pressure of a solution prepared by dissolving 75.8 g of LiF in 265 g of water?
Major themes of christianity : Describe two major themes of Christianity you view as surviving unchanged from the original teachings of Jesus and the early church.
Why an organization must expect the implementation : Discuss why an organization must expect the implementation of an ERP to disrupt operations.Scalability has several dimensions. What are they? What do they mean for ERP installation?

Reviews

Write a Review

Business Economics Questions & Answers

  This might be interpreted as an upward shift

This might be interpreted as an upward shift in the consumption function. How does this shift affect investment also the interest rate.

  Providing entrepreneurial ability

how much are households paid for providing entrepreneurial ability.

  Possible circumstances under which the company

Determine the possible circumstances under which the company should discontinue operations.Suggest key actions that management should take in order to confront these circumstances.Provide a rationale for your response.

  Fiscal approach was expansionary because the full-employment

Fiscal approach was expansionary because the full-employment budget deficit increased from one yr to the next.

  What proportion of total variation in q is explained

Can you reject the null hypothesis that income does not affect quantity demanded? What proportion of total variation in Q is explained by the regression equation?

  Illustrate what is your evaluation of her behavior

You are also aware that sometimes when you and the other project members are slaving away over the project, she is playing golf with senior managers. Illustrate what is your evaluation of her behavior.

  Youngstown sold most of its output in the midwest

Youngstown sold most of its output in the Midwest. Was this fact relevant.

  What should be the incentive rate per hour

If a company wants an employee about 14 dollars per hour to produce 60 units per hour plus it provide a base salary of 7 dollars per hour, what should be the incentive rate per hour?

  Briefly describe a product or service you use every day

Briefly describe a product or service you use every day and suggest a better approach to advertising that product/service than is currently being used. Explain your rationale.

  Pay matrix and the nash equilibrium

Assume that this is a pass/fail assignment, where the passing grade is low enough that one person can produce a passing paper.

  Would you recommend they hire another employee

Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?

  Equilibrium price and quantity

If fixed costs increase to $1200, what will happen to equilibrium price and quantity.

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