How much will Mr Ali receive on maturity

Assignment Help Accounting Basics
Reference no: EM132631158

Question - Mr Ali opens a DPS account at Sonali Bank on 1st January 2007. He deposited TK33 at the beginning of every week into his DPS account. Sonali Bank offers 12.5% interest on DPS. How much will Mr. Ali receive on maturity (Assume that the DPS will be matured on 31st December 2021)?

Reference no: EM132631158

Questions Cloud

What distributions will be made from this estate : Assume that the estate has the following assets: $55,000 cash in the First National Bank, What distributions will be made from this estate
Advantages and disadvantages of nanotechnology : Explain the potential advantages and disadvantages of nanotechnology in health care, agriculture, or industry and discuss whether you would or would not support
What ethical issue have you recently encountered : What ethical issue have you recently encountered when teaching health promotion strategies to a patient? What ethical decision-making process did you use?
What is the concept of pro forma income : What is a performance obligation and how is it related to revenue recognition? What is the Estee Lauders Companies Inc performance obligation?
How much will Mr Ali receive on maturity : Mr Ali opens a DPS account at Sonali Bank on 1st January 2007. Sonali Bank offers 12.5% interest on DPS. How much will Mr. Ali receive on maturity
Underwear bomber and top-down vs. bottom-up : Evaluate and then suggest the most important problem with top-down models of policy implementation by citing at least two problems associated with this model.
Why act considered a long and protracted political battle : Explain how this act helps to deliver better health care services. Explain the reasons why this act has been considered a long and protracted political battle.
What deferred tax item that will be recorded by adelaide ltd : Adelaide Ltd purchased equipment, If the company tax rate is 30%, the deferred tax item that will be recorded by Adelaide Ltd at 30 June 2021 is
What is the amount of the company net income or loss : Annapolis Corporation's trial balance included debits to expense accounts of $105,000, what is the amount of the company net income or loss

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd