User Account

All Pages

How much must he invest in a bank every month

Assignment Help Accounting Basics
Reference no: EM132635660

Questions -

Q1. Shirley invested RM60 every month, beginning 30 April 2015 into an account that pays 9% compounded monthly. Find the amount in the account immediately after she deposited the last RM60 on 30 September 2018.

Q2. The table below shows the monthly deposits that were made into an investment account by John.

Year Monthly deposits

2011 RM500

2012 RM400

2013 RM700

Find the value of his investment at the end of 2013 if the investment rate is 12% compounded monthly.

Q3. Find the amount that must be deposited at the end of each month at 5.5% compounded monthly for two years so as to accumulate RM2000.

Q4. Marianna borrowed RM100,000 at 4% compounded monthly. She has to repay the loan by making 60 monthly payments.

a) Find her monthly payments.

b) If she has not paid her first 15 monthly payments, how much should she pay on her 16th payment to settle all outstanding arrears?

Q5. David wants to go to a university to complete the course in four years' time. He estimates that he needs RM40,000 to finish the course. How much must he invest in a bank every month for the next four years at 9% compounded monthly to accumulate the stated amount?

Reference no: EM132635660

Questions Cloud

Why does make sense to standardize financial statements : Why does it make sense to standardize financial statements? What are common-size, or standardized, financial statements, and how are they prepared?
What are some changes you may expect to see with client : When following up with the client 2 months later. What are some changes you may expect to see with the client? If the client is not displaying the expected.
Question - Prepare the correcting entries : Question - Prepare the correcting entries - A $500 cash dividend was debited to Salaries and Wages Expense $500 and credited to Cash $500
Group practice administrators and recruitment strategy : "Challenges for Group Practice Administrators and Recruitment Strategy for Practice Managers"
How much must he invest in a bank every month : How much must he invest in a bank every month for the next four years at 9% compounded monthly to accumulate the stated amount
Examine strategies you might use to increase the rigor : In this Discussion, you will transform a clinical inquiry into a searchable question in PICO(T) format, so you can search the electronic databases more.
Do think financial reporting of chinese and saudi companies : Refer to 2019 financial year report for Sinopec. Do you think financial reporting of Chinese and Saudi companies will converge one day? Why or why not?
Calculate the number of bacteria : A quart of milk has 100 bacteria. The quart was left out at room temperature. Assuming a generation time of 20 minutes
Illustrate the diversity of microorganisms : Explain what the Winogradsky column illustrates about life on early Earth and life on Earth today

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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