How much will be in the account at the end of 10 years

Assignment Help Finance Basics
Reference no: EM13256957

a) A retirement account has $40,000 in it and earns 12% interest per year compounded monthly. At the end of every month for the next 12 years you will deposit $200 into this account. How much will be in the account at the end of 10 years? (Round to the nearest dollar.)

b) A teacher purchases a car for $23,500 and finances the entire amount at an annual interest rate of 5.9% for 5 years. What is the monthly payment?

 

Reference no: EM13256957

Questions Cloud

Find the value of peak amplitude and the type of modulation : A constellation diagram has two points located at (3,0) and (-3,0) on the I(in-phase)-Q(quadrature phase) plane. Find the value of peak amplitude and the type of modulation this diagram represents.
Accounting cycle-accounting procedure : What is accounting cycle? What is accounting procedure? What are the books of maintenance?
Explain generated from t-butanol in the presence of h2so4 : Not all Friedel-Crafts reacts require a strong Lewis acid catalysts to generate the electrophile for the substitution reaction. Show, using curved arrows, how the electrophile is generated from t-butanol in the presence of H2SO4
Deployed for the production of other compressor : What is the maximum acceptable purchase price if the plant facilities are fully utilized a present and and if any additional available capacity can be deployed for the production of other compressor?
How much will be in the account at the end of 10 years : A retirement account has $40,000 in it and earns 12% interest per year compounded monthly. At the end of every month for the next 12 years you will deposit $200 into this account. How much will be in the account at the end of 10 years? (Round to t..
The goals for healthy people 2020 : It is important to promote the professional role of the nurse to provide health promotion and disease preventive care.
What is the amplitude of the magnetic field : An electromagnetic wave with frequency 56.0 Hz travels in an insulating magnetic material that has dielectric constant 3.72, What is the amplitude of the magnetic field?
Why is working capital management important to a company : Why is working capital management important to a company? Are there particular industries where managing working capital is more important?
Explain what would happen to a glyceride : what would happen to a glyceride, if reacted with hydrogen in the presence of a catalyst and at elevated temperature and pressure

Reviews

Write a Review

Finance Basics Questions & Answers

  Find the value of tax shield

Your company has debt worth $200,000, with a yield of 9%, and equity worth $300,000. It is growing at a 5% rate, and its tax rate is 40%. A similar firm with no debt has a cost of equity of 12 percent.

  Find how many physical units are accounted

In Davis Company, there are 2,000 units in beginning work in process, 11,000 units started into production, and 1000 units in ending work in process 55 percent complete.

  Calculate the debt ratio and earnings per share

ORNE Company plans to raise $2 million to pay off its existing short-term bank loan of $600,000 and to rise total assets by $1,400,000. The bank loan bears an interest rate of 10%.

  Description of annuity problem

Which of the following cash flows is equal to receiving $125.00 today supposing a 9% annual discount rate?

  Show the marginal cost of capital schedule

Explain how many break points are thre in the marginal cost of capital schedule

  Annuity question on grandma and rock solid life insurance

Your grandmother bought annuity from Rock Solid Life Insurance Co. for $200,000 if she retired. In exchange for  $200,000, Rock Solid will pay her $25,000 per year till she dies.

  Function of the amount of debt

Plot the value of Progressive, with and without the costs of financial distress, as a function of the amount of debt. Why do the lines differ in shape?

  Average accounting return, and profitability index

Evaluate the following investment criteria: NPV, IRR, Payback Period, Discounted Payback Period, Average Accounting Return, and Profitability Index. Show both the result and the Excel formula you used to obtain the result. Discuss whether you would o..

  Future and present values of lump sum amount

Your grandfather put some money in an account for you on the day you were born. You are now 18 years old and are allowed to withdraw the money for the first time. What if you left money till your 65th birthday? How much money did your grandfather o..

  Exchange rate changes can affect companies

Describe how exchange rate changes can affect companies' marketing, production, and financial decisions. Mention the various factors one follows in an attempt to predict market F/X value. Include in your answer the types of questions that would app..

  What is the estimated loan rate for the five-year bank loan

The yield on a five-year U.S. Treasury note is 1.95 percent, and the three-month U.S. Treasury bill rate is 0.11 percent. Evaluate what is the estimated loan rate for the five-year bank loan?

  Sensitivity analysis and contingency planning

What are the ramifications if one or more of your projections/forecasts do not hold true? What will you do if, during implementation, you find that you overstated or understated your projections?

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