How much will she have on december 31

Assignment Help Finance Basics
Reference no: EM132813693

Amy Hirt started a paper route on January 1, 2012. Every three months, she deposits $300 in her bank account, which earns 8 percent annually but is compounded quarterly. On December 31, 2015, she used the entire balance in her bank account to invest in a contract that pays 14 percent annually.

How much will she have on December 31, 2018? (Use a Financial calculator to arrive at the answer. Round the final answer to the nearest whole dollar.)

Future value $

Reference no: EM132813693

Questions Cloud

How much should the operations manager be willing to pay : How much should the operations manager be willing to pay for accurate information (i.e. what is the Expected Value of Perfect Information, EVPI?)
Explain what debt investments are investment grade : 1. Explain what debt investments are investment grade. What rate of return would you expect on investment grade debt versus other non-investment grade debt
How hill idea of virtue versus rights discussion : Discuss how Hill's idea of virtue (what sort of person are you) versus rights (what you can legally do) impacts our discussion of environmental issues.
Explain the opportunity costs of your proposal : As the HR Manager you have to justify costs (direct and indirect) of your recruitment plan to the director of HR. Explain the opportunity costs of your proposal
How much will she have on december 31 : How much will she have on December 31, 2018? (Use a Financial calculator to arrive at the answer. Round the final answer to the nearest whole dollar.)
Calculate the cash flows and npv for the two cases : The corporate tax rate is 30 percent. Calculate the cash flows and NPV for the two cases:
What extent should economic considerations play a part : Leopold suggests that economics should not be, What extent should economic considerations play a part in our treatment of nature and the environment?
Employ a binomial model with 3 timesteps : Employ a binomial model with 3 timesteps. Use K=$100. Use monthly compounding.
Is resurrection a more plausible view of the afterlife : Is resurrection a more plausible view of the afterlife than reincarnation? Why or why not? (You should focus on whether your identity is better preserved)

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the discounted payback period

The initial outlay or cost for a four-year project is $1,000,000. The respective cash inflows for years 1, 2, 3 and 4 are: $500,000, $300,000, $300,000 and $300,000. What is the discounted payback period if the discount rate is 10%?

  Maturity composite index futures price

Suppose the bursa malaysia composite index is currently traded at 1,300 points if the one year T-bill rate 6 % and expected divided yield on the composite index

  What does the bank balance sheet look like

Newhart Financial starts its first day of operation with $10 million capital, and receives checking deposits worth of $200 million.

  Transactions denominated in us dollars

When we think of the US dollar as a possible candidate for a world currency and we realize that most of the oil sold anywhere involves transactions denominated in US dollars, the dollar is serving which function of a global money? Medium of exchan..

  The american flag corporation afc wants to determine the

the american flag corporation afc wants to determine the effect of its inventory turnover and days sales outstanding

  Allow the firm to produce up

Technology A will require the firm to pay $30,000 today and will allow the firm to produce UP TO 100,000 widgets one year from now at a variable cost

  What advice do you have for her

She wants to get as many shares in the IPO as possible and would even be willing to buy the shares in the open market immediately after the issue. What advice do you have for her?

  Determine new project with the npv method

Please evaluate this new project with the NPV method if the tax rate is 35% and the cost of capital is 15%.

  What is the holding period return for the year

The value of the portfolio on December 31 of the same year was $113,201. At the end of June, Stacy withdrew $5,000 from the portfolio. What is the holding period return for the year?

  If the firm urtilizes the continuous review system to

a store has collected the following information on one of its productsdemand 15000 unitsyearstandard deviation of

  What is the amount of the last dividend company paid

The stock sells for $28.40 a share at a required return of 14 percent. What is the amount of the last dividend this company paid?

  Calculate the annual end of year loan repayment

To expand its operation, International Tools Inc. has applied to the International Bank for a 3-year, $3,500,000 loan. Make a loan amortization table

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