How much return will his investment earn

Assignment Help Financial Management
Reference no: EM13766691

Mr. Nailor invests $6,000 in a money market account at his local bank. He receives annual interest of 8% for 7 years. How much return will his investment earn during this time period? (Compound monthly)

Reference no: EM13766691

Questions Cloud

Which type of business structure would be the worst : Sally Gomez is interested in starting a new business. Although Gomez has developed her business plan and is ready to implement her ideas, she lacks the necessary finances to begin her new business. Along with a lack of finances, Gomez worries about t..
Difference between accrual and cash accounting : What is the difference between accrual and cash accounting? When might an accountant use cash basis accounting without violating generally accepted accounting principles?
Determine the impact of potential logical threats : Determine the impact of at least five potential logical threats that require attention. Detail the security controls (i.e., administrative, preventative, detective, and corrective) that the pharmacy could implement in order to protect it from the ..
Principles of constructivist teaching : Explain and give examples showing how these tenets support science literacy.
How much return will his investment earn : Mr. Nailor invests $6,000 in a money market account at his local bank. He receives annual interest of 8% for 7 years. How much return will his investment earn during this time period? (Compound monthly)
Compounded annually : If you invest $10,000 at 10% interest (compounded annually), how much will you have in 10 years? Round your answer to the nearest dollar.
What are accruals : What are accruals? Provide examples of accruals. Why do accruals require adjusting entries? What types of accounts are debited and credited in an unearned revenue adjusting entry?
What is the effective rate of return on the bond : A $5,000 face value industrial bond can be purchased for $4,920. Its interest rate is 8% and it pays interest semi annually and will mature in eight years. What is the effective rate of return on the bond? What is the effective rate of return that th..
Student loans-average educational debt for veterinary school : Student loans: In 2010, according to the JAVMA journal report, the average educational debt for veterinary school graduates was $133,873. The average starting salary for vets in private practice in 2010 was $67,548. If the vets earning an average sal..

Reviews

Write a Review

Financial Management Questions & Answers

  What is maximum percentage loss you can incur option buyer

What is the maximum percentage loss you can incur as an option buyer?

  Based on the security market line

Based on the security market line, company C-A stock has a required return of 7% and company C-B has a required return of 5%. C-A has a standard deviation of returns of 9%.

  What was the flotation cost as percentage of funds raised

The Raven Co. has just gone public. Under a firm commitment agreement, Raven received $17.30 for each of the 15 million shares sold. The initial offering price was $21.00 per share, and the stock rose to $23.40 per share in the first few minutes of t..

  Selling top-quality entry-level cameras at premium prices

Which one of the following constitutes a valid reason/condition for a company to consider shifting away from pursuit of a differentiation strategy keyed to assembling and selling top-quality entry-level cameras at premium prices?

  The final project for this module is a consultancy report

the final project for this module is a consultancy report to anthonys orchard an expanding apple orchard and

  Immediately after coupon payment-calculate the market price

A $10,000 par value bond with coupons at 8%, convertible semi-annually, is being sold three years and four months before the bond matures. The bond is redeemable at $C, and purchase will yield 6% convertible semi-annually to the buyer.

  Tech industries regarding the proposed new production line

Tech Industries, a contract manufacturer of circuit boards, is evaluating an investment in a new production line to handle the growing demand from its customers, who produce consumer electronic products. Based on reasonable growth assumptions, the NP..

  Describe the ethical and human resource

E88 is an innovative company run on the principles of its entrepreneurial owner. The company has a diverse range of operations including a carbon neutral package distribution service, 'responsibly' sourced clothing for children, mobile telephones and..

  What is the payback period for this project

McKenna Sports Authority is getting ready to produce a new line of gold clubs by investing $1.85 million. The investment will result in additional cash flows of $525,000, $832,500, and $1,215,000 over the next three years. What is the payback period ..

  What should be paid for overland common stock

Which of the following amounts is closest to what should be paid for Overland common stock? Overland has just paid a dividend of $2.25. These dividends are expected to grow at a rate of 5% in the foreseeable future. The required rate of return is 11%..

  Describe the return to investors

What variable would you concentrate your eff orts on and why? makesure properly cite your work if you are borrowing anything - type of equation works best and which industries this equation would not apply.

  All maturities and the dividend yield on the index

A stock index is currently 1,500. Its volatility is 18%. The risk-free rate is 4% per annum (continuously compounded) for all maturities and the dividend yield on the index is 2.5%. Calculate values for u, d, and p when a 6-month time step is used. W..

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