How much will you have 4 years from today

Assignment Help Finance Basics
Reference no: EM13262738

You want to quit your job and go back to school for a law degree 4 years from now, and you plan to save $3,500 per year, beginning immediately. You will make 4 deposits in an account that pays 5.7% interest.

Under these assumptions, how much will you have 4 years from today?

 

Reference no: EM13262738

Questions Cloud

Compute the free energy change delta g : For the synthesis of ammonia given below, calculate the free energy change, delta G, from the elements under standard conditions at 25 degrees celcius. N2 (g) + H2(g) -> NH3(g)
What is the accumulated amount of the annuity : What is the accumulated amount of the annuity. $2500 annually at 6% for 10 years. Round to nearest cent.
How long do you have to wait to become a millionaire : Just received $145,000. If invested all in a tax-free bond fund earing 6.2% compounded quarterly. How long do you have to wait to become a millionaire? Round to 2 decimal places.
What is brewster''s angle for this light : For light that originates within a liquid and strikes the liquid/air interface, What is Brewster's angle for this light
How much will you have 4 years from today : You want to quit your job and go back to school for a law degree 4 years from now, and you plan to save $3,500 per year, beginning immediately. You will make 4 deposits in an account that pays 5.7% interest.
Explain potassium chlorate decompose to passium chloride : How many grams of Potassium Chlorate decompose to passium chloride and 638mL of O2 at 128 degrees C and 752 Torr. 2KClO3 (s) => 2KCl (s) + 3O2(g)
Find time it took for his voice to reach earth via radiowave : Neil A. Armstrong was the first person to walk on the moon. The distance between the earth and the moon is 3.85 ? 108 m. Find the time it took for his voice to reach earth via radio waves
How much should it report as cash on the balance sheet : At December 31, 2013, Vega Vaccum Corporation has cash in bank of 104,000, restricted cash in a separate account of $19,000, and a bank overdraft at another bank of $500. How much should it report as cash on the balance sheet?
What bid price per carton should you submit : You also need an initial investment in net working capital of $130,000. If your tax rate is 35 percent and you require a 14 percent return on your investment, what bid price per carton should you submit?

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the projects average accounting return

If the plant has projected net income of $1,814,300, $1,867,600, $1,836,000, and $1,289,500 over these four years, what is the project's average accounting return (AAR)?

  What is the amount of the expected operating cash flow

what is the amount of the expected operating cash flow in year 3?

  Calculating going rate of interest on bonds

Suppose a car company sold an issue of bonds with a 10-year maturity, a $1,000 par value-Two years after the bonds were issued, the going rate of interest on bonds such as these fell to 6%. At what price would the bonds sell?

  Calculation of average collection period

Calculation of Average Collection Period and Return on Equity - Evaluate how Spectrum's financial performance compares to their Industry for each calculated ratio. It is sufficient to rate each ratio as "G"= good, "S" = satisfactory, or "P" = poor.

  Calculate the net present value of an item

Calculate the net present value of an item that has a buying value of $20,000, needs $1,000 maintenance at the end of each year except year 4.

  Computation of amount of insurance using needs approach

Computation of amount of insurance using needs approach and Capital Retention approach

  The weighted marginal cost of capital

A company current investment opportunity schedule and the weighted marginal cost of capital schedule are shown below:

  General inflation level affect the fed''s monetary policy

Explain how could news of a substantial increase in the general inflation level affect the Fed's monetary policy and thereby affect home prices?

  Compute rate of return

Last year Steve bought hundred shares of Dallas Company common stock for $53 per share. During the year he received dividends of $1.45 per share.

  Estimating debit cost of capital

Write down the two methods for estimating debit cost of capital, and what do you do when there's default risk?

  Finding the transfer price in different situations

Finding the transfer price in different situations - If Austria introduces an import tariff of 25 percent on microwave ovens, and permits this to be a deductible expense in figuring the subsidiary's income tax, what should the transfer price be?

  Calculate the incremental tax savings

A company is planning the replacement of an asset bought three years ago at a cost of $100,000. Under MACRS, the asset was in five year recovery period class.

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