How much will you have in your account

Assignment Help Finance Basics
Reference no: EM132460440

It is now January 1, 2019. Suppose one deposit three equal payments into ones account on January 1 of 2020, 2021, and 2022. Assuming an 8% interest rate, how large must ones payments be to have the same ending balance as in #1

It is now January 1, 2019. Today you will deposit $1,000 into a savings account that pays 8%.

If the bank compounds interest annually, how much will you have in your account on January 1, 2022?

Reference no: EM132460440

Questions Cloud

Determine values of the proforma income statement : Determine values of the proforma income statement for 2013. Sales will increase by 25% and the dividend payouts will increase from 40% to 55%.
Define your facility procedure for reporting types of abuse : What characteristics would lead a provider to suspect domestic violence, child abuse, or elder abuse is taking place within a family?
Reflect on why you believe these limitations : Reflect on why you believe these limitations are adequate or if you believe they should be increased. If you believe they should be increased, state
What was sugar cane alleys net profit margin : What was Sugar Cane Alley's net profit margin for 2012? The forecasted net income for 2013 is $19,351. What is Sugar Cane Alley's forecasted
How much will you have in your account : If the bank compounds interest annually, how much will you have in your account on January 1, 2022?
How much must ones deposit today : How much must ones deposit today to have a balance of $1,000 on January 1, 2023?
How large must each payment be : If you want to make four equal payments on each January 1 from 2020 through 2023 to accumulate the $1,000, how large must each payment be?
Identify research databases that you used to conduct search : Identify the four research databases that you used to conduct your search. Provide APA citations for the four peer-reviewed articles that you selected.
Determining the what interest rate : If you have only $750 on January 1, 2020, what interest rate, compounded annually for 3 years, must you earn to have $1,000 on January 1, 2023?

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the firm net income

In order to sustain its operations and thus generate sales and cash flows in the future, the firm was required to make $8,000 of capital expenditures.

  Is there an opportunity for index arbitrage on this day

Suppose on August 15, the spot S&P 500 index is also 1,150 (the same as its December futures). Is there an opportunity for index arbitrage on this day? Why?

  What impact will the adjustment have on coleman 2007

Because of the holidays, no salary accrual was made for the last week of the year. Salaries for the last week totaled $3.5 million and were paid on January 4, 2008.

  Calculate the present value of one futures contract

Are current market interest rates higher or lower than the standardized rate on a futures contract? Explain.

  Discuss the advantages and disadvantages of corporate debt

Calculate the lease period as a percentage to the estimated life of the leased property and calculate the present value of lease payments as a percentage to the fair value of the property.

  Determine the earned rate of return

Corporation stock is currently selling for $25 a share. Corporation is expected to pay a dividend of $.75 at end of this year. Corporation stock is bought today and sold for $29 after receiving the dividend.

  Write down a 2-page paper in which you assess the debt

write a 2-page paper in which you assess the debt market for interest rate and credit risk transfer vehicles. you are

  A companys net income appears directly on the income

a companys net income appears directly on the income statement and the retained earnings statement and it is included

  How each firm should account for its liability for workers

[Contingencies) Consider two firms that self-insure for workers; compensation losses. Assume that the annual probability of a claim is I an 1.000 for each firm.

  How would marias optimal plan change

Maria had received a huge number of parking tickets over a 15-year period but didn't bother to pay any of them. How would Marias optimal plan change

  What is its normal shape

The term structure of interest rates and yield curves were covered in this module. What is the yield curve? What is its normal shape? Would you be willing to charge someone the same interest rate for a one-year loan as you would a five-year loan? ..

  What is the yield to call if the call price is given

What is the yield to call if the call price is only $1,110? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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