How much money do you have today

Assignment Help Financial Management
Reference no: EM131021045

Twenty years ago, you deposited $800 into an account.

You earned 6% APR compounded annually for the first 15 years, and then 6% compounded monthly for the last 5 years.

How much money do you have in your account today?

Create a timetable for this problem.

How much money do you have today?

Does it matter if the investment pays interest monthly and annually?

How does the interest differ?

Reference no: EM131021045

Questions Cloud

Was the ipo an example of direct finance or indirect finance : Were the shares of stock issued as a result of Facebook's initial public offering (IPO) sold in a primary market or a secondary market? Was the IPO an example of direct finance or indirect finance?
How many bones are in the body : How many bones are in the body? Please explain in full detail.
Applications of systems development models : The Systems Development Life Cycle methodology is excessively formal and rigid and should be more flexible and unstructured? - review your original position in light of the counterarguments, showing how they are inadequate to rebut your original st..
What''s the biggest bone in the body : What's the biggest bone in the body? Please draw a picture of its location and what it is connected to.
How much money do you have today : Twenty years ago, you deposited $800 into an account. You earned 6% APR compounded annually for the first 15 years, and then 6% compounded monthly for the last 5 years. How much money do you have in your account today? How much money do you have toda..
What are the stages of photosynthesis : What are the stages of photosynthesis? please explain fully
What are the steps of photosynthesis : What are the steps of photosynthesis? Please explain in full detail.
The initial value of the machine : On December 31, 2016, Bart Inc. purchased a machine from Fell Corp. in exchange for a noninterest-bearing note requiring eight payments of $20,000.
What are frameworks of the law or supreme court : For instance, one position can't be "banning all guns" or "making abortion illegal.

Reviews

Write a Review

Financial Management Questions & Answers

  Using the departmental cost-charge ratios and variable cost

Your hospital has been approached by a major HMO to perform all their MS-DRG 470 cases (major joint procedures). They have offered a flat price of $10,000 per case. You have reviewed your charges for MS-DRG 470 during the last year and found the foll..

  Finance the expansion of operations

Finance the expansion of operations, and financial institutions issue them to raise funds for lending to households and corporations - major events that affect the risk of these securities and that of my prior statements

  What income effects would be reported from ownership

Penston Company owns 40 percent (40,000 shares) of Scranton, Inc., which it purchased several years ago for $182,000. Since the date of acquisition, the equity method has been properly applied, what income effects would be reported from its ownership..

  Operating cash flow of project using tax shield approach

A project will increase sales by $60,000 and cash expenses by $51,000. The project will cost $40,000 and will be depreciated using straight-line depreciation to a zero book value over the 4-year life of the project. The company has a marginal tax rat..

  What is the total value of harrys equity and debt holdings

Harry’s All American Lawn Care, Inc. has been public for 15 years, but just started paying dividends 5 years ago on their 50,000 shares of commons stock. Since that time, they have paid the following dividends: (1) $1.00, (2) $1.10, (3) $1.21, (4), $..

  Cash payments for income taxes—indirect method

Conifer Inc. began the year with a balance in its Income Taxes Payable account of $8,500. The year-end balance in the account was $15,000. The company uses the indirect method in the Operating Activities section of the statement of cash flows. What a..

  Present value of cash flows associated with this transaction

Jonathan bought a new IRead today from Able Emporium. He will pay $300 today to Able, will receive a rebate of $300 from Able in one year from today, and he will pay $500 to Able in three years from today. If the discount rate is 8 percent, then what..

  State what is the current bond price

Ninja Co. issued 14-year bonds a year ago at a coupon rate of 6.9 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.2 percent, what is the current bond price?

  Set up an amortization schedule for the first four months

Consider a $ 15,000 loan with interest at 12 percent compounded monthly and 24 monthly payments. How much will the loan payment be? Set up an amortization schedule for the first four months, indicating the amount and timing of principal and interest ..

  Future value of single sum problem

You put $2,000 in an investment account today which will earn 8% over the next 14 years, what is the future value?

  How would this change your investment strategy

At a lunch with some business associates, you discuss the reason for the relationship between the economy and the stock market. One of your associates contends that she has heard that stock prices typically turn before the economy does. How would you..

  Why is there a difference between the two prices

A zero coupon bond matures in 5 years with a par value of $1000 and is currently selling at YTM of 8%. What would be the approximate price of this bond if required rate of return drops to 6% using duration and convexity formula? What is the actual pr..

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