How much will you have in savings immediately

Reference no: EM131974153

Problem

You save $200 at the end of each month for 5 years(60 monthly deposits). If the deposit os made in exactly 1 month, and teh annual interest rate is 15%, how much will you have in savings immediately after you make teh 60th deposit?

Reference no: EM131974153

Questions Cloud

What impact would the cost-cutting measures have on supplies : What impact would these cost-cutting measures have on supplies expenditures as reported in an actual-to budget comparison (on a budget basis)?

Sustaining competitive advantage : Identify a firm (not discussed in the textbook of sustaining competitive advantage) that once was dominant, but later became extinct. Explain how it happened.

Increase the number of insured employees : How could you use behavioral economics to increase the number of insured employees? Please be as detailed as possible, the more of an explanation the better.

Part of the current or financial account : Would $200 spent by Americans in the Chinese stock marked be considered a part of the current or financial account?

How much will you have in savings immediately : If the deposit os made in exactly 1 month, and teh annual interest rate is 15%, how much will you have in savings immediately after you make teh 60th deposit?

What good is having generally accepted auditing standards : We saw that the auditors of Enron, WorldCom and Xerox. What good is having generally accepted auditing standards if auditors do not comply with them?

Suppose the consumption function changes : Suppose the Consumption function changes to C=600 +.75(Y-T) - 30(r). 1)The new value of equilibrium output is =

Why might a firm delegate decision making : List as many reasons as you can for why a firm would want to differentiate its products from its competitors. Why might a firm choose a product similar.

Calculate the marital deduction and total deductions : Calculate the marital deduction. Calculate total deductions. Calculate the taxable estate. Calculate the estate tax base.

Reviews

Write a Review

Required(*) Message

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.

Theory of interest - term structure of interest rates

Term Structure of Interest Rates

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

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

User Account

All Pages