User Account

All Pages

How much should she deposit each year to reach her goal

Assignment Help Accounting Basics
Reference no: EM132187463

Question - Jill has always wanted to travel to China and plans to take a trip there in five years; she estimates that she will need $3,000 to pay for the trip and plans to make annual deposits to a savings account to reach her goal for pay for the trip. If her account earns 2% interest, how much should she deposit each year to reach her goal? Round your final answer to the nearest whole dollar.

Reference no: EM132187463

Questions Cloud

Compute the break-even point in units : Snow Cap Company has a unit selling price of $250, variable costs per unit of $100, and fixed costs of $360,000. Compute the break-even point in units
Issues contributed to environmental degradation : How does business attitude to environment issues contributed to environmental degradation?
How to prepare forecasts for a new fashion boutique : If your friend asked you for advice on how to prepare forecasts for a new fashion boutique for women, what would you tell her?
Compute the gain or loss : The newly issued bonds had a life of 10 years. The new bonds were issued at 103 (face value $272,000). Ignoring interest, compute the gain or loss
How much should she deposit each year to reach her goal : If her account earns 2% interest, how much should she deposit each year to reach her goal? Round your final answer to the nearest whole dollar
Prepare cash flow projections : Estimate the capital requirements, use of capital, start-up requirements (if applicable), and other probable costs involved in the implementation.
Compute balance sheet debit column for merchandise inventory : On the worksheet, the balance sheet debit column for merchandise inventory will contain what balance
Measures for improving corporate governance : What are the four most important measures for improving corporate governance and why?
Prepare entries to record the sale of the copiers : Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31, 2017

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