Katina washington is currently employed as a

Assignment Help Accounting Basics
Reference no: EM13610841

Katina Washington is currently employed as a computerprogrammer by Megatel Company. Her dream, however, is tostart her own computer software firm. To provide cash tostart her own business in six years she will invest 10,000today. She thinks the investment will earn a 12% annualreturn.

a. How much would Katina have in her account at the endof six years if she earns 12% on the investment? How much ofthis would be interest earned during the six years?

b. Assume, instead, that Katina has decided she needs20,000 to begin business. She wants to invest equal amountsat the end of each year for the next six years to accumulate the20,000 needed at that time.

i. How much must be invested each year, assuming that itearns 12% interest?
ii. How much will the investment be worth at the end ofeach of the next six years?
iii. How much will Katina have put into the account overthe six years?
iv. How much interest will be earned over the sixyears?

Reference no: EM13610841

Questions Cloud

Gina watt is aware of daniels payment of the part-time : abusivetea7791 answer rating percentage59 daniel longan owns and manages daniels restaurant a 24-hour restaurant near
A 232 mol sample of an ideal monatomic gas undergoes the : a 2.32 mol sample of an ideal monatomic gas undergoes the reversible process shown in the figure. the scale of the
Let x and y be independent and identically distributed : let x and y be independent and identically distributed random variables with common standard normal pdf offz
Assume 35 of fuel nitrogen converts to no and that fuel no : a 825 mw electric power plant 36.2 efficient uses a coal with the following composition c 74.8 wt h 5.2 wt o 7.3
Katina washington is currently employed as a : katina washington is currently employed as a computerprogrammer by megatel company. her dream however is tostart her
California customs designs llc is a business that : california customs designs llc is a business that customizes motorcycles and automobiles according to the customers
Using the clues given below fill in the rest of the joint : using the clues given below fill in the rest of the joint distribution. there is only one answer.y x0 3 61
A thin metallic spherical shell of radius 421 cm has a : a thin metallic spherical shell of radius 42.1 cm has a total charge of 9.05 oc uniformly distributed on it. at the
Type your question here the five summery for production : type your question here the five summery for production order size in thousends pounds for steel tubing is min16.5 q132

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is thompson accounts receivable turnover

Evaluate the following scenarios, assuming both companies use the accounts receivable method of estimating bad debts expense.

  What is the change in the number of days sales

What is the change in the number of days sales uncollected between years 2010 and 2011? According to this analysis, is the company's collection of receivables improving?

  On may 1 2011 expenditures of 50000 were made to repave

the plant asset and accumulated depreciation accounts of pell corporation had the following balances at december 31

  Determine the monthly savings

Determine the monthly savings that he should make with interest at 5.41% perannum to amount to $120,000 at the time his son will be 18 years old.

  Discuss whether esteban is performing in a professional

Discuss whether Esteban is performing in a professional manner. If you were a manager, what would you do differently in order to make sure your employees are not using the company's assets for their own benefit?

  Preparation of cash flow statement and net cash flow

Preparation of Cash flow statement and computing net cash flow, From the following selected data, compute:

  Prepare and unclassified balance sheet

Prepare and unclassified balance sheet as it would appearat Dec 31,2007 c) how might the statement of cash flows help the user of thefinancial statements? Compute tow cash flow ratios.

  Many us businesses have changed their management

many u.s. businesses have changed their management philosophies to become more competitive. these changes include

  The weekly time tickets indicate the following distribution

the weekly time tickets indicate the following distribution of labor hours for three direct labor employees hours ken

  The confectioners corner inc would like to buy a new

the confectioners corner inc. would like to buy a new machine that automatically dips chocolates. the dipping operation

  On january 1 2011 a company issued 1000000 of 5 year 12

on january 1 2011 a company issued 1000000 of 5 year 12 bonds at an effective interest rate of 13 receiving cash of

  One of hartman companys activity cost pools is inspecting

one of hartman companys activity cost pools is inspecting with estimated overhead of 140000. hartman produces throw

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