Period if the interest had compounded annually

Assignment Help Financial Management

Reference no: EM13727151

Travis invested $9,250 in an account that pays 6 percent simple interest. How much more could he have earned over a 7-year period if the interest had compounded annually?

Reference no: EM13727151

Questions Cloud

Explain four variables of the optimal financial structure : Debt can be a double-edged sword, depending upon the interest rates and the return on the investment. Debt is generally part of a company's financial structure. The upcoming discussion topic is about the financial structures of MNEs.

What is the present value of that annuity if discount rate : You are considering preferred stock that pays a quarterly dividend of $1.50. If your desired return is 3% per quarter, how much would you be willing to pay? An investment will provide you with $100 at the end of each year for the next 10 years. What ..

How much do you need to have in your account at retirement : You want to receive 5,000 per month in retirement. If you can earn 0.75% per month and you expect to need the income for 25 years, how much do you need to have in your account at retirement? You want to receive $5,000 per month for the next 5 years. ..

What is the cost to create the tracking portfolio today : Consider a forward contract to buy 100 shares of UBS one year from today for $20.37 per share. UBS does not plan to pay dividend for the next year. The following list the closing price and interest rate information in the market today. Today’s closin..

Period if the interest had compounded annually : Travis invested $9,250 in an account that pays 6 percent simple interest. How much more could he have earned over a 7-year period if the interest had compounded annually?

Should they still comply with record keeping standards : If a company isn't public - or better said is a small, private company - should they still comply with record keeping standards? Why?

What is the cost of gasoline : A large automobile manufacturer has developed a continuous variable transmission (CVT) that provides smooth shifting and enhances fuel efficiency by 3 mpg of gasoline. The extra cost of a CVT is $850 on the sticker price of a new car. For a particula..

What percent change was this from the re-evaluation rate : The Turkish Lira (TL) was officially devalued by the Turkish government in February 2001 during a severe political and economic crisis. The Turkish government announced on February 21 that the lira would be devalued by 20%. The spot exchange rate on ..

How their good/service contributed to economic progress : Provide a summary of the entrepreneur and their successes that make them a notable entrepreneur and Describe how their good/service contributed to economic progress and Share what economic obstacles they faced in the marketplace that they had to over..

User Account

All Pages