How much money will be saved

Assignment Help Business Economics
Reference no: EM133130804

Suppose $1,000 is deposited in a savings and loan account that pays 8% interest compounded semiannually. Use compound interest to calculate the following:

A. How much money will be saved?

B. How much will be owed after 2 years

Reference no: EM133130804

Questions Cloud

Employment situation summary : Now let's examine the unemployment in the United Sates. Follow the link below to review up-to-date national data.
Keynes economic model : Do you think Keynes's economic model would be useful today to get our economy back?
Summary of the recent performance of company : Write a summary of the recent performance of this company: recent performance is several months to one year, and you need to be able to describe stock price mov
Analyze existing health care system : Analyze an existing health care system and evaluate how that system can be improved to better serve the community
How much money will be saved : Suppose $1,000 is deposited in a savings and loan account that pays 8% interest compounded semiannually. Use compound interest to calculate the following:
Difference between center-based programs for-profitlow : Discussed the difference between center-based programs for-profitlow-income or nonprofit and programs for low income children. Include in your answer the educat
Explaining the concept of market equilibrium : Consider the following information on the supply and demand of widgets.
Different prices for the parcel and package service : Seven years ago, you started a crosstown delivery service. The service is an environmentally friendly business and, given all the traffic congestion, you are a
Recommend for leading virtual cross-cultural team : What best practices do you recommend for leading a virtual cross-cultural team? How will the organization onboard the interns and introduce them to U.S. culture

Reviews

Write a Review

Business Economics Questions & Answers

  Methods of depreciation discussed in readings

Discuss how an asset's cost is determined as well as the two methods of depreciation discussed in your readings.

  Number of vacations and their consumption of food

An advance in technology makes it possible to produce 50% more of all goods. With these expanded possibilities, people increase the number of vacations and their consumption of food by 50%. As a result of these two changes, the opportunity cost of a ..

  The new cfo thinks that inventories are excessive and could

Quigley Inc. is considering two financial plans for the coming year. Management expects sales to be $301,770, operating costs to be $266,545, assets to be $200,000, and its tax rate to be 35%. Under Plan A it would use 25% debt and 75% common equity.

  What are implicit liabilities

In a macroeconomic context, what are implicit liabilities? Payments that the Federal government undertakes only during periods of recession. Money owed to people possessing government issued bonds.

  Percent and for a certain small economy

1. The world interest rate is r* = 0.043 that is 4.3 percent and for a certain small economy, the following information applies:

  Outcome that can result from either price ceiling

An outcome that can result from either a price ceiling or a price floor is:

  What would happen in the tempe pizza marketplace if pizza

Illustrate what would happen in the Tempe pizza marketplace if pizza also sub sandwiches are substitutes also there occurred

  Most likely to use this currency

Suppose instead that use of the Sonoma county buy local currency is completely voluntary. Who is the most likely to use this currency.

  Why is knowing the product demand so crucial for a firm

Why is knowing the product demand so crucial for a firm?

  What the limited rationality of economic agents

What the limited rationality of economic agents? motivates individuals to place less emphasis on current consumption./ motivates excessive saving.

  What is consumer and producer surplus in this market

A monopolist has total cost TC = 200 + .5 Q2. Marginal cost is Q and the market demand is Q = 100 - P/2. Draw a graph showing ATC, MgC, Demand, Mg Revenue and the optimal choice of the monopolist. What is consumer and producer surplus in this market?..

  What is the value of an income statment

What are the three main profibability ratios, and how is each calculated? What is the value of an income statment?

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