Interest compounded annually

Assignment Help Financial Management

Reference no: EM131072708

You have just won the lottery and received $ 10,000. You deposited your winnings into an account that pays 7.5 % interest compounded annually.

How long will you have to wait until your winnings are worth $ 15,000.

Find your answer to 2 decimals

Reference no: EM131072708

Questions Cloud

Describe what the cable company needs to do : Describe what the cable company needs to do to provide this guarantee.

What will profits be if sales turn out to be : You estimate that your cattle farm will generate $.30 million of profits on sales of $6 million under normal economic conditions and that the degree of operating leverage is 4. (Leave no cells blank - be certain to enter "0" wherever required. What w..

What is the standard deviation of the stock returns : A stock produced returns of 19 percent, 27 percent, and -38 percent over three of the past four years, respectively. The arithmetic average for the past four years is 7 percent. What is the standard deviation of the stock's returns for the four-year ..

Consider put option for the intel stock : Consider a put option for the Intel stock. The exercise price of the put option is $30. Now the option is about to expire in a couple of seconds. 6. If the stock price is $31.50 now, what is the current value of the option? What if the stock price is..

Interest compounded annually : You have just won the lottery and received $ 10,000. You deposited your winnings into an account that pays 7.5 % interest compounded annually. How long will you have to wait until your winnings are worth $ 15,000.

Prepare a brief report or presentation of your findings : If you don't have experience in an IT department; do some research and be sure to leave references with your answer if you use outside sources.

Proportionally related to the firm capital structure : Which one of the following states that a firm's cost of equity capital is directly and proportionally related to the firm's capital structure? Capital Asset Pricing Model M & M Proposition I M & M Proposition II Law of One Price Efficient Markets Hyp..

Find particular solution using undetermined coefficient : Use the method of undetermined coefficients to find the particular solution. Write your answer in the form yp(t) = Rcos(t-δ). Show the solution steps

Extension with growth and cost of equity : The market value of Firm L's debt is $200,000 and its yield is 9%. The firm's equity has a market value of $300,000, its earnings are growing at a rate of 5%, and its tax rate is 40%. A similar firm with no debt has a cost of equity of 12%. Under the..

User Account

All Pages