How much was available to withdraw

Assignment Help Finance Basics
Reference no: EM131944635

Question: Benjamin Franklin left $100,000 to the City of Boston with the caveat that they couldn't touch it for 100 years. Then they could take out half and leave the other half for the next hundred years. How much was available to withdraw at 200 year mark if they earned 6%?

Reference no: EM131944635

Questions Cloud

Macro environment in a public institution : Discuss the influence of external or macro environment in a public institution?
Analyse the organizational structure and culture : Analyse the organizational structure and culture for both organizations - What is the mode of communication adopted by both organisations
Servers and receivers possible choices and possible : When we talk about Game Theory in Tennis and we specifically talk about the servers and receivers possible choices and their possible outcomes
Compare debt-financing and equity-financing : Compare debt-financing and equity-financing when funding a new venture.
How much was available to withdraw : Benjamin Franklin left $100,000 to the City of Boston with the caveat that they couldn't touch it for 100 years. Then they could take out half and leave.
What is ryanairs core competence : What is Ryanair's core competence? What are the most significant issues facing Ryanair's general external environment?
Usefulness and the nature of disclosures : Comprehensively explain the disclosure of accounting policies, when the policies are disclosed, usefulness and the nature of disclosures.
Healthcare in the us has of many years suffered : Healthcare in the U.S has of many years suffered. What are the challenges the healthcare system has endured and the way it has transformed.
What is the difference between the wto and the world bank : What's the difference between the WTO and the World Bank? Discuss if they are mutually exclusive or if they work together. Provide examples.

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the most they can pay for a new house

Ben remembers from finance class that the shorter the amortization period, the less total interest you will pay. Calculate how much interest they would save if they made monthly payments over a 20 year amortization rather than a 25 year amortiza..

  Explain the company a wacc

Company A has a target debt/equity ratio of .35. Its cost of equity is 5.67 percent, and its before tax cost of debt is 3.59 percent.

  What does it mean to smooth earnings across time

What does it mean to "smooth earnings across time"? How might a financial company practice this strategy, and why might it engage in this activity?

  Main effects and interaction effects

For ANOVA problems: Report statistical findings and make statements for all main effects and interaction effects. Use Tukey's test for any analyses requiring post hoc tests. Do not create a boxplot for the 2-way ANOVA-use the graph we typically us..

  Te maturity risk premium for all bonds is found with the

crockett corporations 5-year bonds yield 6.35 and 5-year t-bonds yield 4.75. the real risk-free rate is r 3.60 the

  Appropriate opportunity cost of capital

There is a 50% chance that the bond will repay its full face value and a 50% chance that the bond will default and that you will receive $700. If the appropriate opportunity cost of capital is 5%, then the price of the bond is closest to?

  Calculate the required rate of return

Suppose the company in #1 is considering the following expansion projects. How would you calculate the required rate of return to use in the NPV analysis.

  Question regarding the break-even point

A corporation sold X units of product for $Y each and has $M in total fixed and $L in total variable costs (a) find its break-even point (in units) in terms of L, M, X and Y. (b) use any part of or all of your answer to part (a) to find profit ear..

  Using the payback and rate of return methods to make

using the payback and rate of return methods to make capital investment decisions. suppose smith valley is deciding

  Purchased bright light industries common stock

George Wilson purchased Bright Light Industries common stock for $47.50 on January 31, 2010. The firm paid dividends of $1.10 during the last 12 months. George sold the stock today (January 30, 2011) for $54.00. What is George's holding period re..

  Read the status carefully and choose better one

Mahesh Enterprises is considering of purchasing a CNC Machine. The following are the earnings after tax from the two alternative proposals under consideration.

  Calculate the spot rate at t1 expressed as

Assume two currencies, X and Y. The spot rate at T0 is: X1.5/Y. Over the time period T0 - T1, currency X depreciates by 10% against currency Y. Calculate the spot rate at T1 expressed as.

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