User Account

All Pages

How much will be in your account after 10 years

Assignment Help Basic Statistics
Reference no: EM132037420

It is now January 1. You plan to make a total of 5 deposits of $100 each, one every 6 months, with the first payment being made today. The bank pays a nominal interest rate of 10% but uses semiannual compounding. You plan to leave the money in the bank for 10 years.

  1. How much will be in your account after 10 years? Round your answer to the nearest cent.
  2. You must make a payment of $1,681.40 in 10 years. To get the money for this payment, you will make 5 equal deposits, beginning today and for the following 4 quarters, in a bank that pays a nominal interest rate of 14% with quarterly compounding. How large must each of the 5 payments be? Round your answer to the nearest cent.

Reference no: EM132037420

Questions Cloud

Computing the annual interest rate implied : Jones is a customer of Triumph and has received the above credit on a recent purchase of $100,000.
What was dividend yield : Suppose a stock had an initial price of $76 per share, paid a dividend of $1.52 per share during the year, What was the dividend yield?
What is the coupon rate on the bonds : What is the coupon rate on the bonds? (Assume a face value of $1,000 and annual coupon payments.)
How much must your first deposit be : How much must your first deposit be if you are to meet your goal? Round your answer to the nearest cent.
How much will be in your account after 10 years : How much will be in your account after 10 years? Round your answer to the nearest cent.
What technique can be used to adjust these differences : What technique can be used to adjust these differences.
Expected return and beta on the portfolio : What will the expected return and beta on the portfolio be after the purchase of the Alpha stock? Do not round your intermediate calculations.
What is the maximum premium in the presence of synergy : Assume a synergy equivalent to 15 percent of the target’s cash flows. What is the maximum premium in the presence of synergy?
What is the portfolio beta : What is the portfolio's beta? Do not round your intermediate calculations. Round the final answer to 2 decimal places.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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