User Account

All Pages

How much money should you put in a savings account

Assignment Help Accounting Basics
Reference no: EM133104709

Question - If you want to have $412,339 in 17 years, how much money should you put in a savings account today? Assume that the savings account pays you 4.0 percent and it is compounded annually. Round the answer to two decimal places.

Reference no: EM133104709

Questions Cloud

What is the fixed overhead absorption rate per unit : Profits based on marginal costing were $315,250 and on absorption costing were $288,250. What is the fixed overhead absorption rate per unit
How much money did lee originally deposit on january : On January 1, 2017, the deposit has accumulated to $16,730. How much money did Lee originally deposit on January 1, 2010
Prepare a classified balance sheet as of december : These items are taken from the financial statements of Blossom Company for 2022. Prepare a classified balance sheet as of December 31, 2022
Is mike under any delusions : Mike sees no reason why he should have to pay state income tax on his player's salary. Is Mike under any delusions? Explain
How much money should you put in a savings account : If you want to have $412,339 in 17 years, how much money should you put in a savings account today? Assume that the savings account pays you 4.0 percent
What is your assessment of the plight of the working poor : What is your assessment of the plight of the working poor? How close to the edge are they living? What is meant by "living on the edge"
What is the variable manufacturing cost per vehicle : Direct materials costs: Steel $1,400 per Surfer; Tires, $150 per tire, each Surfer takes 5 tires (one spare) What is the variable manufacturing cost per vehicle
By how much will his taxable income increase : At the time of his death, Jack's business interest was worth $825,000, by how much taxable income increase as a result of the transfer of his business interest
How much interest expense will be paid on August : The mortgage entailed equal monthly payments of $2,800 at the end of each month. The interest rate is 4% per year. How much interest expense will be paid

Reviews

Write a Review

Accounting Basics Questions & Answers

  What are the purposes of internal audit working papers

What are the purposes of internal audit working papers? What are the key characteristics of well-prepared working papers

  On may16 the cash register tape shows that cash sales are

on may16 the cash register tape shows that cash sales are 2080 and sales tax is 104 for total sales of 2184. the actual

  How does the write-off of anuncollectible account

how does the write-off of anuncollectible account receivable and the recovery of a previouslywritten-off account

  Define expense recognition for governmental activities

Describe the difference between expenditure recognition and measurement in the governmental funds financial statements and expense recognition.

  What should be the current market value

Allison bought a bond when it was issued by ABC Corporation 20 years ago. What should be the current market value

  Discuss the costs and benefits to a company of gathering

Consider the costs and benefits to a company of gathering, reporting, and disclosing non-financial information

  How much will molly have accumulated

How much will Molly have accumulated when she turns 65 if she invests in equities and earns 8 percent on average

  What are three potential flaws with regular payback method

What are three potential flaws with the regular payback method? Does the discounted payback method correct all three flaws? Explain.

  Determine the present value of the bonds payable

o finance its operations, Baliga Co. issued $18,000,000 of five-year, 8% bonds with interest payable semiannually. Determine the present value of bonds payable

  Calculate the cost of goods sold using the fifo

Calculate the cost of goods sold using the FIFO periodic inventory method assuming that two of the three players were sold by the end of December

  Calculate its book value at the end of year 6

The company uses straight-line depreciation. Calculate its book value at the end of year 6

  Canadian car company has just introduced its latest model

canadian car company has just introduced its latest model thecheetah. andrettis cars the local dealer purchased one

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