How much money must you pay into an account at the beginning

Assignment Help Finance Basics

Reference no: EM13298173

How much money must you pay into an account at the beginning of each of 20 years in order to have $10000.00 at the end of the 20th year? Assume that the account pays 12% per year, and round to the nearest $1.00

a- $124.00
b- $111.00
c- $1195.00
d- $139.00

Reference no: EM13298173

Questions Cloud

What is the magnitude of the tangential acceleration : A compact disc rotates from rest up to an angular speed of 31.4 rad/s in a time of 0.892 s. What is the magnitude of the tangential acceleration

Discuss the impact of bank capital standards : Discuss the impact of bank capital standards under the Basel Accord on the stability of the banking system.

How many strategy profiles are there in game : How many strategy profiles are there in this game?

Is the flow laminar or turbulent and find reynolds number : For Oil (SG=0.86, u=0.025 Ns/m^2) flow of 0.3m^3/s through a round pipe with diameter of 500 mm, determine the Reynolds number. Is the flow laminar or turbulent

How much money must you pay into an account at the beginning : How much money must you pay into an account at the beginning of each of 20 years in order to have $10000.00 at the end of the 20th year? Assume that the account pays 12% per year, and round to the nearest $1.00.

How to determine the friction force on the floor : The crate has a wieght of W = 350lb., and the coefficients of static and kinetic friction are us = 0.3 and uk = 0, respectively. Determine the friction force on the floor. Theta = 45 degrees and P = 100lb.

Firms are permitted to operate with substantial market : On balance one would argue that our society is mixed on the question of allowing firms to operate with market power; we certainly don't permit unregulated monopolies from operating but we do have a lot of industries where firms are permitted to..

What was the actual (ex post) real return : What was the actual (ex post) real return?

Transaction in which either all of the database actions : A transaction in which either all of the database actions occur or none of them do is called:

User Account

All Pages