How much would you have to deposit today

Assignment Help Financial Accounting
Reference no: EM132977853

Question - You would like to have $8,000 in an account after four years' time. If the account earns 4% compounded interest yearly, how much would you have to deposit today?

Reference no: EM132977853

Questions Cloud

Discuss account management and access control : Select an example of an intrusion detection and prevention system. Give a description outlining the pros and cons. What risks would this provide protection?
Critically assess the validity of balls comments : Critically assess the validity of balls comments and discuss five factors which lead to national differences in accounting
Journalize the entry on november : On November ?1, 2024?, Great View Landscaping collected $7,500 in advance from customers for landscaping services. Journalize the entry on November
Discuss and evaluate the statement referring : Discuss and evaluate the statement referring to relevant standards where appropriate " recent changes in lease accounting with damage businesses
How much would you have to deposit today : You would like to have $8,000 in an account after four years' time. If the account earns 4% compounded interest yearly, how much would you have to deposit today
Record adjusting journal entries for each : Record adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are made during the year
Why are board evaluations important : What is more recently being taken into account in setting the remuneration of directors and Why are Board evaluations important? Explain
What is the book value of the equipment : The asset have estimated useful life of five (5) years with P10,000 residual value. Assuming calendar year, what is the book value of the equipment
Outstanding common shares of geer company : What is the Consolidated Financial Statements (except for cash flows) as of/for the period ending December 31, 2011 and Bradley Company common shares

Reviews

Write a Review

Financial Accounting Questions & Answers

  How much of the branch beginning inventory was acquired

From the records of Branch, Sales P200,000; Shipments from HO 80,000; How much of the branch beginning inventory was acquired

  Prepare journal entries required in an Internal Service Fund

Prepare the journal entries required in an Internal Service Fund to record the following transactions. July 1 Year 2-Paid the annual mortgage payment of $47,555

  The city uses the purchases method to account for supplies

The following schedule indicates selected amounts from a city's preclosing 2018 and post closing 2017 general fund trial balances: 2018 2017. Assume the the city uses consumption method to account for supplies. Assume instead that the city uses the p..

  Budgets on a quarterly basis

Crosser Company budgets on a quarterly basis. The following beginning and ending inventory levels (in units) are planned for the first and second quarters of 2012: If Crosser Company were to manufacture 400,000 finished units (in total) during the fi..

  What is the firm cost of equity according to mm

What is the firm's cost of equity according to MM with corporate taxes? Eccles Inc., a zero growth firm, has an expected EBIT of $100,000

  What before-tax amount should mercedes report as loss

On October 28, 2020, What before-tax amount(s) should Mercedes report as loss on discontinued operations in its 2020 income statement?

  Solve expected total profit or loss from special order

Calculate the expected total profit or loss from the special order. A special order for 5 500 units of Choc at a price of R40 each has been received.

  Should caradoc buy and install the machine press

Caradoc Machine Shop, If the shop's tax rate is 35 percent and its discount rate is 9 percent, should Caradoc buy and install the machine press?

  Prepare schedule of safe payments and cash priority program

Prepare schedule of safe payments and cash priority program showing the cash distribution for the month of June and July

  How should halm plc account for this event

How should Halm plc account for this event after the reporting period in their financial statements for the period ended 31 December 2020

  Determine the total overhead from the given datawinkle

determine the total overhead from the given data.winkle kotter and zale is a small law firm that contains 10 partners

  How the consolidated entity could reduce overall tax burden

How the consolidated entity could reduce overall tax burden by changing the transfer price markup between the New Zealand parent and subsidiary in France?

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