To what amount should the investment grow in five years

Assignment Help Accounting Basics
Reference no: EM133017832

Question - Flint invested $230000 she received from her grandmother today in a fund that is expected to earn 6% per annum. To what amount should the investment grow in five years if interest is compounded semi-annually?

Reference no: EM133017832

Questions Cloud

Discussion regarding data analytics and data mining : There is much discussion regarding Data Analytics and Data Mining. Sometimes these terms are used synonymously but there is a difference.
Law enforcement : Can you name some situations in which you believe that large organizations have decided not to involve law enforcement?
Concept of tokenization : We explored the concept of Tokenization. Three important protocols discussed were Secure Multi-Party Computation (SMPC), Policy-Backed Token (PBT)
Review the simulated business documentation : Review the simulated business documentation, including policies and procedures for CoffeeVille in the Assessment Task Appendices.
To what amount should the investment grow in five years : Flint invested $230000 she received from her grandmother today in a fund that is expected to earn 6% per annum. To what amount should the investment grow
Calculate the new machine net present value : The machine, which has a ten-year life, sells for $139,000 and would cost $15,000 per year to operate. Calculate the new machine net present value
What networking strategies : What networking strategies/plans could these three professionals/experts use to establish and maintain relationships within their networks
Gathering process for usability study : Why is covered as part of the requirements gathering process for a usability study. Which of these questions do you believe influences interaction design most.
What is the entry required to bring the allowance : Stegosaurus Corp. made sales of 200,000.00 during May and had an ending AR balance of 500,000.00. What is the entry required to bring the allowance

Reviews

Write a Review

Accounting Basics Questions & Answers

  The long term liability section of twin digital

the long term liability section of twin digital corporations balance sheet as of december 31 2010 included 12 bonds

  Make the journal entries to account for the lease

Annual lease payment, payable 30 June each year commencing 30 June 2021 $16,000. Make the journal entries to account for the lease

  Designs inc income statement

Margaret Brown and Joel Lee each own 50% of Designs Inc. with no other class of stock authorized. On June 6, 2009, they formed to provide design services. Their business activity code is 541400.

  What is the amount of dividends payable to common stock

What is the amount of dividends payable to Common Stock, if Preferred stock is cumulative and in arrears four years (in addition to the current year)

  What are the budget implications for sheldon allman

At the beginning of the school year, Sheldon Allman decided to prepare a cash budget for the months of September, October, November, and December. The following information relates to the budget.

  Determine unit cost using the weighted average method

Weighted Average Method, Unit Costs, Valuing Inventories Byford Inc. produces a product that passes through two processes.

  Great deal of information about the entity

Ratios provide the users of financial statements with a great deal of information about the entity. Do ratios tell the whole story? How could liquidity ratios be used by investors to determine whether or not to invest in a company?

  Determine the lease receivable account balance

Kern appropriately recorded the lease as a salestype lease. At the inception of the lease, determine the Lease Receivable account balance

  Discuss the cost of goods sold on fifo basis

Assuming a periodic inventory system is used which is the cost of goods sold on FIFO basis

  How much will be the annual depreciation expense

A company acquired a delivery equipment amounting to Php1,800,000.00. How much will be the annual depreciation expense of the said asset

  What is the ending balance of goods

Inventory with the cost of $325,000 was transferred to finished goods. What is the ending balance of goods in process inventory

  Prepare a balance sheet for the general fund of city jordan

The unadjusted trial balance for the general fund of the City of Jordan

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