User Account

All Pages

Savings account

Assignment Help Financial Management
Reference no: EM13971891

John Vincent invested 10,000 in a savings account. The account pays 4.5% annual interest. john will have how much in the account at the end of 10 years? Round to the nearest dollar

A. $15,530

B. $14, 984

C. $16.010

D. $16,311

 

E. None of the above

Reference no: EM13971891

Questions Cloud

How about consumer protection legislation : Since the 2008-2011 financial crises, banks have become leery of lending to consumers. There has been much research completed on this subject and the blame has been a subject of much controversy. Fast-forward to 2013 and 2014. Has there been any new ..
Pays provides the highest cash flow : You are a New York state resident in the 25% federal marginal tax bracket and 6% marginal state marginal tax bracket, and are looking at 3 investments. You want to choose the bond investment that pays provides the highest cash flow.
What will be the future worth of the money in your account : Assume that you open a savings account that accrues 3% nominal annual interest that is compounded monthly. Initially, your account has no funds in it. Starting next month, you add $50 / month for 6 months. At the end of 1 year, what will be the prese..
Return on your investments in retirement : You want to know in which scenario you need to save the LEAST amount of money monthly. First plan is to have $1,250,000 in 25 years when you retire and your investments will earn 9%. The second option is to receive a monthly payment of $6,000 in reti..
Savings account : John Vincent invested 10,000 in a savings account. The account pays 4.5% annual interest. john will have how much in the account at the end of 10 years? Round to the nearest dollar
What will be the present worth of the money in your account : Assume that you open a savings account that accrues 3% nominal annual interest that is compounded monthly. Initially, your account has no funds in it. Starting next month, you add $50 / month for 6 months. Then, you increase your monthly deposit by $..
How much interest is paid on the loan in first month payment : A company takes out a loan for $150,000 at a nominal interest rate of 8% compounded monthly. The company agrees to pay back the loan in equal monthly payments for 15 years. What is the monthly payment for this loan? How much interest is paid on the l..
What price would you expect to pay for a stock : What price would you expect to pay for a stock with a 13% required rate of return, 4% constant rate of dividend growth, and an annual dividend of $2.50 that was paid today?
Take care of the maintenance of the equipment : A contractor estimates that maintenance on a new piece of equipment will be $275 for the first month and it will increase by 0.5% each month afterwards. However, the contractor is offered a service contract that would maintain the equipment for a tot..

Reviews

Write a Review

Financial Management Questions & Answers

  Calculate the equity capital ration

Calculate the equity capital ration. If 2 billion in bad loans were removed from the bank's assets, show how the equity capital ratio would change.

  Cash flow streams that alternative between inflows-outflows

Why is the NPV considered to be theoretically superior to all other capital budgeting techniques? Reconcile this result with the prevalence of the use of IRR in practice. How would you respond to your CFO if she instructed you to use the IRR techniqu..

  What might debtholders do in response

David Lyons, CEO of Lyons Solar Technologies, ia concerned about his firms level of debt financing. The company uses short term debt to finance its temporary working capital needs, but it does not use any permanent (long term) debt. What is the value..

  Firm is planning to enter local personal lending market

HD Inc. has been in the auto industry for a long time. The WACC of the firm is 15%. The D/E ratio is .5. The YTM of the debt is 3%. Tax rate is 35%. Recently, the firm is planning to enter the local personal lending market in City N. There are three ..

  Determine optimal capital budget for next year higher cost

The Marietta Corporation, a large manufacturer of mufflers, tailpipes, and shock absorbers, is currently carrying out its financial planning for next year. In about two weeks, at the next meeting of the firm’s board of directors, Frank Bosworth, vice..

  Dividends continue to grow at rate for foreseeable future

ATP Industries paid a $0.50 dividend to its common shareholders 6 years ago. It just paid a dividend of $0.67 to its common shareholders. If dividends continue to grow at this rate for the foreseeable future, and the shares are worth $10.05, what is ..

  Calculate the sustainable growth rate of the company

Johnson Products earned $3.10 per share last year and it paid out $.75 dividend. The company’s ROE is 16%. a) Calculate the dividend payout ratio; b) Calculate the sustainable growth rate of the company.

  What is the required return on the company stock

Burress Inc. is expected to maintain a constant 7.18 percent growth rate in its dividends, indefinitely. If it has a dividend yield of 4.41 percent, what is the required return on the company’s stock?

  Corporate valuation problem

Barrett Industries invests a large sum of money in R&D; as a result, it retains and reinvests all of its earnings. In other words, Barrett does not pay any dividends, and it has no plans to pay dividends in the near future. What is the present value ..

  Sum of the present values of expected cash flows

Which of the following would lower the sum of the present values of expected cash flows?

  Cost of capital of the rate at which the company pays taxes

A company wishes to explore the effect on its cost of capital of the rate at which the company pays taxes. the firms wishes to maintain a capital structure of 25% debt, 15% preferred stock, and 60% common stock. Can someone please explain me how to s..

  Calculate the net ROI and EVA

The Modern Language Corporation earned $3.5 million on net assets of $39 million. The cost of capital is 13.75%. Calculate the net ROI and EVA.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd