Use the formula find the apy for the account

Assignment Help Accounting Basics
Reference no: EM132462787

Question 1: Use the formula for continuous compounding to compute the balance in the account after? 1, 5, and 20 years.? Also, find the APY for the account.

Upper A ?$7000 deposit in an account with an APR of 5?%.

Problem 1 year is approximately ?$ 7358.90 ?(Round to the nearest cent as? needed.)

Problem 5 years is approximately ?$____ ?(Round to the nearest cent as? needed.)

Problem 20 years is approximately $_________

Reference no: EM132462787

Questions Cloud

Calculate the present value of the bonds at issuance : Grove Corporation issued $7,000,000 of 8% coupon rate bonds on January 1, 2017, due on January 1, 2022. Calculate the present value of the bonds at issuance
Calculate production cost under marginal costing method : Fixed production overhead costs are budgeted at RM550,000 per annum. Calculate production cost per unit under marginal and absorption costing methods
Prepare the journal entries for bridgeport : Prepare the journal entries for Bridgeport for 2019 and 2020, assuming that Bridgeport can exercise significant influence over Gregson.
Implement solution algorithm using basic programming. : Write and implement a solution algorithm using basic programming constructs and Design and write program solutions to identified problems using accepted design.
Use the formula find the apy for the account : 1 year is approximately ?$ 7358.90 ?(Round to the nearest cent as? needed.),Use the formula for continuous compounding to compute the balance in the account
What is the incremental present value of the tax benefits : What is the incremental present value of the tax benefits resulting from calculating depreciation using the sum-of-the-years'-digits (SYD) method
How much department costs allocated the production : Sasha Company allocates the estimated $180,400 of its accounting department costs. How much of the accounting department costs will be allocated to production
Explain when should revenue be recognized : Explain When should revenue be recognized?The entry that should be made on the transaction date, if required.Explain the reasoning for your decisions.
Determine fy contribution margin per unit : Use this information to determine FY 2016: Contribution Margin per unit,Breakeven in Units,Breakeven in Total Sales. Bravo also reported $28,000 of fixed costs

Reviews

Write a Review

Accounting Basics Questions & Answers

  It completed construction of a new jail incurring 245000 in

general capital assets are accounted for differently in fund governmental-wide financial statements.a city engaged in

  Prepare a paper explaining the purpose of erp

Prepare a paper explaining the purpose of ERP and describing some of the key considerations and risks that are associated with ERP implementation

  Property tax revenue transactions and measurement in fss

Honesdale levies property taxes in March of each year to help finance the General Fund expenditures for the calendar year.

  Determining the division of net income or net loss

What factors should be considered in determining the division of net income or net loss?

  What is total stockholders equity

The following table lists the stockholders equity accounts appearing on the balance sheet of a corporation on Dec. 31, 2008. Answer the questions below the table.

  Record the journal entry for the period''s payrol

You are Golden Corporation. You operate a business in Georgia and have two salaried employees who are paid monthly. Record journal entry for period's payroll

  What amount should be capitalized as a general capital asset

Generally Accepted Accounting Principles (GAAP) applicable to state and local governments require that only the government funds and proprietary funds should be established.

  During the current month the factory payroll of 180000 was

canberra company uses a job order cost accounting system. during the current month the factory payroll of 180000 was

  Prepare journal entries to record the transactions

Flora Accounting Services completed these transactions in February: Purchased office supplies on account, $300, Prepare journal entries to record transactions

  For each of the events or transactions on the following

for each of the events or transactions on the following page indicate the effect on each ratio listed. use i to

  Calculate the initial tax imposed on White Pearl

The Board of Directors of White Pearl, Inc., a private foundation, consists of Charlyne, Beth, and Carlos. Calculate the initial tax imposed on White Pearl

  Who have been effected by the volkswagens actions

ACC5216 Accounting Theory Assignment. Who are the stakeholders who have been effected by the Volkswagens actions? Describe each stakeholder, their concerns and how they are likely to be effected

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