User Account

All Pages

How much will be available for the second store after years

Assignment Help Accounting Basics
Reference no: EM133168688

Question - Hi-Tech Hardware has been in business for a few years and is doing well. The owner has decided to save for a future expansion to a second location. He invests $1,000 at the end of every month at 12% interest compounded monthly.

a. How much will be available for the second store after 2 1.2 years?

b. Use the formula for an ordinary annuity to calculate how much would be in the account if the owner saved for 5 years.

c. Use the formula for an annuity due to calculate how much would be in the account after 5 years if it had been an annuity due.

Reference no: EM133168688

Questions Cloud

Decision making and police in practice : You have revisited some key topics in the criminal justice field - criminological theory, racial profiling and discrimination, restorative justice
What is the amount of joint cost applied to the clay-like : Far Side can sell the red pigment for$15/lb and the blue pigment for $20/lb. What is the amount of joint cost applied to the clay-like by-product
What the total increase or decrease in net income : What the total increase or decrease in net income by replacing the current machine with the new machine (ignoring the time value of money)
Explain risks associated with international transfer pricing : xplain briefly FOUR (4) risks associated with international transfer pricing. Discuss TWO objectives to consider in determining international transfer pricing
How much will be available for the second store after years : He invests $1,000 at the end of every month at 12% interest compounded monthly. How much will be available for the second store after years
How much must the school set aside now : For the next 4 years, he will receive $3,500 for tuition and books at the beginning of each quarter. How much must the school set aside now
Determine the cost of the land to be reported : Legal fees paid were $1,705, delinquent taxes assumed were $11,900, Determine the cost of the land to be reported on the balance sheet
Prepare an incremental analysis for the decision : A supplier offers to make the wheels at a price of $4 each. Prepare an incremental analysis for the decision to make or buy the wheels
Compute the optimal price : Question - Suppose for commodity X, the price of elasticity of demand is 3 and the marginal cost is RM 200. Compute the optimal price

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