Nonannual compounding

Assignment Help Financial Management
Reference no: EM132008980

NONANNUAL COMPOUNDING

You plan to make five deposits of $1,000 each, one every 6 months, with the first payment being made in 6 months. You will then make no more deposits. If the bank pays 7% nominal interest, compounded semiannually, how much will be in your account after 3 years? Round your answer to the nearest cent. $  

One year from today you must make a payment of $4,000. To prepare for this payment, you plan to make two equal quarterly deposits (at the end of Quarters 1 and 2) in a bank that pays 7% nominal interest compounded quarterly. How large must each of the two payments be? Round your answer to the nearest cent. $

Reference no: EM132008980

Questions Cloud

Purpose of the sql server management studio designers : What is the purpose of the SQL Server Management Studio Designers? Does this tool create only a physical model, or does it create the actual database?
Evaluating lump and sums and annuities : EVALUATING LUMP AND SUMS AND ANNUITIES Crissie just won the lottery, and she must choose among three award options.
Why was affirmative action necessary : Read the speech attached or better; watch the video of the speech by President Johnson. Why was affirmative action necessary
Develop a fault tolerance plan section : Part of the Network Improvement Plan consists of reduction of network problems and downtime through the implementation of a solid fault tolerance plan.
Nonannual compounding : You plan to make five deposits of $1,000 each, one every 6 months, with the first payment being made in 6 months.
What is a dynamic array : a. Explain the enum data type with an example program. b. What is a dynamic array?
Research software-related quality assurance tools : Investigate the library and Internet for information on the various tests that should be performed at different junctures of development and integration.
What are dynamic arrays in java : Put down a program in a class NumberAboveAverage that counts the number of days that the temperature is above average.
Purchase of new machine for the production of latex : Vandalay Industries is considering the purchase of a new machine for the production of latex.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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