How much will patti have in the account in three years

Assignment Help Accounting Basics
Reference no: EM131828843

Question - At the end of each quarter, Patti deposits $500 into an account that pays 12% interest compounded quarterly. How much will Patti have in the account in three years?

$7,096

$7,213

$7,129

$8,880

Reference no: EM131828843

Questions Cloud

What types of errors will simple parity not detect : What types of errors will simple parity not detect? What types of errors will longitudinal parity not detect?
Various elements of the sales presentation mix : Discuss the various elements of the sales presentation mix, and indicate why you need to use visuals during your presentation.
What is ratio of check bits to data bits for simple parity : What is the difference between even parity and odd parity? What is the ratio of check bits to data bits for simple parity?
Marathon magazine indicate that your sales will increase : Figures in Marathon magazine indicate that your sales will increase if you stock Majestic housewares in your store.
How much will patti have in the account in three years : Patti deposits $500 into an account that pays 12% interest compounded quarterly. How much will Patti have in the account in three years
Examine the conversation : Examine the following conversation: Customer: What you say is important, all right
What is jitter and why is it a digital signal problem : What is jitter and why is it a digital signal problem? Which types of noise introduced in this chapter are continuous, and which are noncontiguous?
Prospect about the coffee spill and apologize for it : Keep the appointment. At the start of your presentation, tell the prospect about the coffee spill and apologize for it.
What is crosstalk and how does it affect a signal : What is white noise and how does it affect a signal? What is impulse noise and why is it the most disruptive? What is crosstalk and how does it affect a signal?

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