Number of periods of a single payment

Assignment Help Financial Management
Reference no: EM131328472

Number of Periods of a Single Payment

If you deposit money today in an account that pays 8.7% annual interest, how long will it take to double your money? Round your answer to the nearest whole number.

Reference no: EM131328472

Questions Cloud

Future value of single payment : If you deposit $20,000 in a bank account that pays 6.6% interest annually, how much would be in your account after 5 years?
What you have determined from the data and your analysis : A body of the paper that answers the questions posed in the problem. A conclusion paragraph that addresses your findings and what you have determined from the data and your analysis.
Number of periods of an annuity : You have $53,323.45 in a brokerage account, and you plan to deposit an additional $6,500 at the end of every future year until your account totals $300,000. You expect to earn 8.3% annually on the account. How many years will it take to reach your go..
What is grand prize really worth : A lottery claims its grand prize is $10 million, payable over 20 years at $500,000 per year. If the first payment is made immediately, what is this grand prize really worth? Use an interest rate of 6%.
Number of periods of a single payment : If you deposit money today in an account that pays 8.7% annual interest, how long will it take to double your money? Round your answer to the nearest whole number
Interest rate on single payment : Your parents will retire in 13 years. They currently have $290,000, and they think they will need $1 million at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds?
Write a comment about the nutrition program : Unfortunately in today's society people overeat. Every event we go to revolves around food. Whether it be sporting events, family reunions, holidays, it all involves eating and socializing. I think teaching people just to eat a little bit at a tim..
Prepare a tabular summary of the effects of the actions : Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares. The financial statements of The Hershey Company and Tootsie Roll are presented below.
Afn equation to forecast brous-sards additional funds : Broussard Skateboard's sales are expected to increase by 15% from $8 million in 2013 to $9.2 million in 2014. Its assets totaled $3 million at the end of 2013. Broussard is already at full capacity, so its assets must grow at the same rate as project..

Reviews

Write a Review

Financial Management Questions & Answers

  The net profit margin is

You are given the following financial data for Company A: Cash = $6,000; inventories = $1,000; accounts receivable = $700; other current assets = $500; long-term assets = $1,000; accounts payable = $800; other current liabilities = $4000; net income ..

  Pension plans characterized

Pension plans characterized by only what will be contributed to the plan is a(n) _____ plan.

  Purchase of a new plastic stamping machine

FIN370 Big Steve's, makers of swizzle sticks, is considering the purchase of a new plastic stamping machine. This investment requires an initial outlay of $110,000 and will generate net cash inflows of $17,000 per year for 9 years.

  Cost of goods sold-administrative and selling expenses

During 2007 B Paving Co. had sales of $3,100,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $1,940,000, $475,000, and $530,000, respectively. What is B Pavings’ net income for 2007. What is its operating ..

  What are the yearly depreciation expenses in this case

Cameron Industries is purchasing a new chemical vapor depositor in order to make silicon chips. It will cost $6 million to buy the machine and $10,000 to have it delivered and installed. The machine is expected to have a working life of six years. Sa..

  Construct an amortization schedule

You take out an amortized loan for $10,000. The loan is to be paid in equal installments at the end of each of the next 5 years. The interest rate is 8%. Construct an amortization schedule. You take out an amortized loan for $10,000. The loan is to b..

  Dividend payment-what is the required return

The next dividend payment by Halestorm, Inc., will be $1.56 per share. The dividends are anticipated to maintain a growth rate of 4 percent forever. If the stock currently sells for $29 per share, what is the required return?

  What is the arbitrage profit and what is strategy to earn it

European-style options on foreign currencies trade at the Philadelphia Exchange. A call option on sterling with an exercise price of 0.925 £/$ and a time to expiration of 3 months has a price of 0.0125 £/$. what is the arbitrage profit and what is th..

  What is the percentage price change of these bonds

Bond J is a 8 percent coupon bond. Bond K is a 12 percent coupon bond. Both bonds have 12 years to maturity and have a YTM of 9.5 percent. If interest rates suddenly rise by 1 percent, what is the percentage price change of these bonds?

  Calculate the total common equity balance expected

The firm’s accounts payable were $375,000. Sales in 2013 were $2,500,000, and are expected to increase by 40% in 2014. Recall that current liabilities vary directly with sales. How much in total debt is the firm expecting for the year 2014? Calculate..

  Which assumed the existence of corporate income taxes

Modigliani and Miller's second article, which assumed the existence of corporate income taxes, led to the conclusion that a firm's value would be maximized, and its cost of capital minimized, if it used (almost) 100% debt. However, this model did not..

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