User Account

All Pages

How much money do you have in your account today

Assignment Help Accounting Basics
Reference no: EM132543532

Question - Fifteen years ago, you deposited $12,500 into an investment fund. Five years ago, you added an additional $20,000 to that account. You earned 8%, compounded semi-annually, for the first ten years, and 6.5%, compounded annually, for the last five years.

Required -

a) What is the effective annual interest rate (EAR) you would get for your investment in the first 10 years?

b) How much money do you have in your account today?

c) If you wish to have $85,000 now, how much should you have invested 15 years ago?

Reference no: EM132543532

Questions Cloud

How project success was measured-risk factors : How project success was measured, risk factors that affected the project, and lessons learned from the project.
Prepare the General Journal entries for January : On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par value common stock for $15 per share. Prepare the General Journal entries for January
Products-goods and services : Learn the distinguishing characteristics between goods and services. Acknowledge the core elements of the market offering.
Products : Some companies have traditionally been known for their excellence in tangibles, What would it take for you to believe such a claim?
How much money do you have in your account today : Fifteen years ago, you deposited $12,500 into an investment fund. How much money do you have in your account today
What are five credit policies could a business implement : What are 5 credit policies or guidelines could a business implement to maximise cash flow and address potential credit issues? Provide the example.
Assessment and self-reflection of the internship : Assessment and self-reflection of the internship (What are your views on your activities/task given, obstacles faced, experience gained, lesson learnt, etc)
Can Bryan sue Amina : In September, Amina hired Bryan as a delivery man. Bryan was to commence work on 1 November. Can Bryan sue Amina
Explaining the various variables in the accounting equation : Explaining the various variables in the accounting equation, providing detailed explanations for the various aspects of the accounting equation.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd