How much money has each of them saved

Assignment Help Finance Basics
Reference no: EM132577553

Anastasia and Bartek are saving for university. They are both planning to save $100 per month (at the end of each month). However, at the end of each year, Anastasia deposits 2.5 times that amount, while Bartek misses his deposit (and saves nothing that month). The effective monthly rate is 0.4%

a) How much more money does Anastasia have than Bartek at the end of 4 years?

b) How much money has each of them saved? (You can do part a) without doing this part!)

Reference no: EM132577553

Questions Cloud

What is the new value of the perpetuity : Define a perpetuity. b) Give the formula for the present value of a perpetuity due that pays $1 per period in terms of the effective interest rate per period r.
Identify two management accounting concepts : Identify 2 management accounting concepts commonly used by retail companies that could be used to improve their effectiveness and profitability.
Discuss methods of implementing evidence-based practices : Briefly discuss and suggest to methods of implementing evidence-based practices in the agency. Analyze the findings from the articles you researched.
Performance and effectiveness of IT governance structure : Discuss best practices for evaluating the performance and effectiveness of the IT governance structure.
How much money has each of them saved : Anastasia and Bartek are saving for university. They are both planning to save $100 per month (at the end of each month).
Compute the number of units that awad company must sell : Compute the number of units that Awad Company must sell To achieve its after-tax profit objective and In order to break even.
Implementation and maintenance of big data analytics : How they can improve to be more successful in the implementation and maintenance of big data analytics with business intelligence.
Discuss the client from the perspective of feminist theory : This week your theoretical orientation is feminist theory. You will use the same case study that you chose in Week 2. Use the "Dissecting a Theory.
Arithmetic annuity immediate with n payments : a) Define an arithmetic annuity immediate with n payments.

Reviews

Write a Review

Finance Basics Questions & Answers

  Impact human resource management practices

What are some global conditions that would impact human resource management practices with an organization.

  Achieve the breakeven point

Fixed manufacturing costs total $1280 per month, while fixed selling and administrative costs total 2,420. How many phones must be sold to achieve the breakeven

  Evaluate competitiveness within the company industry

In Chapter 3, we learned Michael Porter's Five-Forces Model to evaluate competitiveness within the company's industry. Porter's five forces include

  Given the information in the following table compute the

given the information in the following table compute the days in accounts receivable aging schedule and accounts

  Early global expansion strategy

What was Walmart's early global expansion strategy? Why did it choose to first enter Mexico and Canada rather than expand into Europe and Asia?

  Which of the following methods allows corps with the ability

The majority of public offerings of secruities must be registered with the SEC, a costly and time consuming process. which of the following methods allows corps with the ability to speed up the registration process?

  Value of sgp to raymond

SGP's pre-merger beta is 2.0, and its post-merger tax rate would be 34%. The risk-free rate is 8% and the market risk premium is 4%. What is the value of SGP to Raymond?

  Total principal paid and the total interest paid

Assuming that the mortgage is held for the full 30 years compute the total principal paid and the total interest paid.

  Calculate the mirr of the project using all three methods

The company uses an interest rate of 10 percent on all of its projects. Calculate the MIRR of the project using all three methods.

  Mcdougal printing inc had sales totaling 40000000 in fiscal

1.josh smith has compiled some of his personal financial data in order to determine his liquidity position. the data

  Happy valley homecare suppliers inc hvhs had 20 million in

happy valley homecare suppliers inc. hvhs had 20 million in sales in 2010. its cost of goods sold was 8 million and

  ?peter other assets total

Peter has $35 in his? wallet, but his bank accounts are empty. Peter has an old TV worth about $159. ?Peter's other assets total about $224.

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