How much will you have in your account at end of ten years

Assignment Help Finance Basics
Reference no: EM132460650

You make the following deposits into an account that pays interest at 8 percent annually. Open the account today with a deposit of $10,000, then $10,000 for the first and second year, $12,000 for the following three years, $9,000 at the end of the sixth year, and $15,000 at the end of the seventh year. How much will you have in your account at the end of ten years?

Reference no: EM132460650

Questions Cloud

Explain the usefulness of spreadsheet models : Explain the usefulness of spreadsheet models in Business Analytics
Four years of undergraduate education : How much money will she need to have available at age 18 to pay for all four years of her undergraduate education?
Explain the mechanisms that are causing the problem : Explain the mechanisms that are causing the problem or problems. Use appropriate theories to show how the problems identified
Derive the project free cash flows : Derive the project's free cash flows to the firm for each year of the proposed investment (including the initial investment outlay).
How much will you have in your account at end of ten years : How much will you have in your account at the end of ten years?
What is the monthly payment : Payments are made monthly. What is the monthly payment? How much total interest will you pay for the entired period of the loan?
Identify data attributes and tables given slainte request : Identify the data attributes and tables needed to answer the question,Given Slainte's request. where they could improve their pricing, marketing, or strategy
Determine the current price of a share of common stock : Determine the current price of a share of common stock for the following scenario. The last annual common dividend payment was $1.5.
What would be the net bond value : What would be the Net Bond Value after the first amortization entry for each of your example bonds?Discuss how the price of a bond is determined

Reviews

Write a Review

Finance Basics Questions & Answers

  Briefly describe the troubled asset relief program

What was the derivative used in the program? Why would the US government trade such a "toxic thing" as a derivatives contract?

  Compute the weighted cost of capital use in evaluating

Compute the weighted cost of capital that is appropriate to use in evaluating this expansion program

  What was the amount of sales for that month

One month the employee received a check for $2035. What was the amount of sales for that month? Please show calculations.

  What are the total cash flows

What are the total cash flows in year three when the asset is sold?

  Volatility and return characteristics of large stocks

Define and discuss the volatility and return characteristics of large stocks versus large stocks and bonds and what affects they have on pricing risk? Give examples to support your answer.

  Calculate the maturity risk premium on the 2-year treasury

Calculate the maturity risk premium on the 2-year Treasury security.

  What assumptions must hold about future value of an asset

The general binomial method for option pricing has, at its root, the valuation of a one-period option on a stock with only two possible future values.

  What rate of return are you earning on the loan

What rate of return are you earning on the loan? Round to two decimal places.

  How would you describe a ratio analysis

How would you describe a ratio analysis? Is each of its components necessary? Which of the figures would you identify as being more beneficial for the general manager of a major hotel? Why are these figures so important?

  What would you want to see in a team charter

What would you want to see in a team charter (i.e., rules of engagement) for this development project?

  Define image and the performance of the cayenne

Capital Budgeting. In evaluating the Cayenne, what do you think Porsche needs to assume regarding the substantial profit margins that exist in this market?

  What is the value of this endowment in today dollars

Assuming the cost of money is 3%, what is the value of this endowment in today's dollars? Show your work.

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