How much money will he have to do this in the future

Assignment Help Accounting Basics
Reference no: EM133058055

Question - Brendan Urie is going to save some money into his bank account. He saves $80,000 annually for 7 years into an account that earns 3.9% annual interest. He then lets the money mature for another 7 years. At the end of all this, Brendan wants to invest in noise reducing headphones for people who panic when the music is too loud at the disco. How much money will he have to do this in the future?

Reference no: EM133058055

Questions Cloud

Development of antibiotics and other products : Discuss the roles that fungi have played in our development of antibiotics and other products.
Average of eight times earnings : Use the multiple of earnings method to estimate the value of AFC's equity. As a first pass, use the average projected earnings over the first five years as the
What is the current bond price : The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 5.8 percent, what is the current bond price
Issues with the immune system : Autoimmune disorders are caused by a number of possible issues with the immune system,
How much money will he have to do this in the future : He saves $80,000 annually for 7 years into an account that earns 3.9% annual interest. How much money will he have to do this in the future
Calculate the value of the firm and the firm equity : The MoMi Corporation's cash flow from operations before interest and taxes was $3.4 million in the year just ended, and it expects that this will grow by 5% per
Construct a risk-free portfolio to protect positions : Angus Beef Corp. currently trades at £100 in the market. Calls and puts on Angus Beef are available with an exercise price of £104, The options expire in 240 da
Prepare program for operations on singly linked list : Prepare program for operations on singly linked list.
Record the transactions for the company : Record the transactions for the company when the services are provided on September 8 and when the cash is collected on September 15

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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