How much must you deposit at the end of each year

Assignment Help Accounting Basics
Reference no: EM132728091

Question - You want save money from your business operation to replace a truck that has been used in delivery. The truck will be replaced after 12 years from now and the replacement cost would be about $75,000. If you earn 4% interest on your savings, how much must you deposit at the end of each year to meet the needs?

Reference no: EM132728091

Questions Cloud

Compute the revenue for the year : The firm sold Capital Stock for $10,000 in cash during the year. Assume expenses for the year were $46,393. Compute the revenue for the year
Discuss the controversy surrounding the legalization of drug : Discuss the controversy surrounding the legalization of drugs, particularly marijuana. List what are considered the legitimate reasons for legalization.
Complement the traditional in store sales revenue : The Southeast Region Manager has hired you as the District Manager for 3 retail stores in Charlotte. While your district has been successful over the years
Define imminent dangers : Define "imminent dangers" and discuss OSHA inspections related to these potential events and how they might differ from a routine inspection.
How much must you deposit at the end of each year : If you earn 4% interest on your savings, how much must you deposit at the end of each year to meet the needs
What is a mid-life crisis : What is a mid-life crisis? How common is it? Compare and contrast how a mid-life crisis may look different for males or females. Use APA citations.
OSHA for safety and health related responsibility : List and discuss five important criteria that a state must meet in order to be approved by OSHA for safety and health related responsibility.
Who are the stakeholders in this situation : Who are the stakeholders in this situation? What are the legal and ethical considerations regarding Kim's handling of his payroll
Component of environments over the next : What advice would you give to a manager to enable them to successfully navigate their team through each component of these environments

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