Make the final deposit into the account at the end

Assignment Help Business Economics

Reference no: EM13868601

You deposit $1,000 into an account at the end of each year starting at the end of year 1. This account earns 7% interest compounded annually. How much money will you have at the end of 8 years? Note: you will make the final deposit into the account at the end of the 8th year.

Reference no: EM13868601

Questions Cloud

Prepare the consolidation worksheet for crain and downey : Prepare the consolidation worksheet for Crain and Downey

How does the shortsighted policy depend on model of trade : Is this a shortsighted policy or a rational one in view of the interests of union members? How does the answer depend on the model of trade?

Investment to be able to be worth : In 10 years from now, you want your investment to be able to be worth $50,000. To the nearest dollar, how much must you invest now in an account that will earn 10% compounded annually?

Consumers preferences exhibit diminishing marginal utility : For the two good utility function: U = x^2y^2. Is the assumption that more is better satisfied for both goods? Does this consumer’s preferences exhibit diminishing marginal utility of X?

Make the final deposit into the account at the end : You deposit $1,000 into an account at the end of each year starting at the end of year 1. This account earns 7% interest compounded annually. How much money will you have at the end of 8 years? Note: you will make the final deposit into the account a..

What argument would trade economists make against wage cuts : What argument would trade economists make against seeing these wage cuts as a reason to block outsourcing of computer programming?

Developing country is overseeing multinationals operations : A manager from a developing country is overseeing a multinational's operations in a country where drug trafficking and lawlessness are rife. One day, a representative of a local "big man" approaches the manager and asks for a "donation" to help the "..

Disc profiles in order to get job : Part 1: Write a brief essay describing two ways you would effectively use the DiSC profiles in order to get job.

What is the elasticity of demand for abdominoplasty : When abdominoplasty costs were $6,000, Dr. Hurwitz treated 300 patients. When they dropped the price to $5,000, customers increased to 400. What is the elasticity of demand for abdominoplasty using arc elasticity or the midpoints formula (rounded-off..

User Account

All Pages