User Account

All Pages

Value of investment after one year

Assignment Help Finance Basics
Reference no: EM131222418

You invest $3,000 a year for three years at 12 percent.

a. What is the value of your investment after one year? Multiply $3,000 × 1.12.

b. What is the value of your investment after two years? Multiply your answer to part a by 1.12.

c. What is the value of your investment after three years? Multiply your answer to part b by 1.12. This gives your final answer.

d. Confirm that your final answer is correct by going to Appendix A (future value of $1), and looking up the future value for n = 3, and i = 12 percent. Multiply this tabular value by $3,000 and compare your answer to the answer in part c. There may be a slight difference due to rounding.

Reference no: EM131222418

Questions Cloud

Simulation experiment using a statistical computer package : Consider the four sample sizes n = 10, 20, 30, and 50, and in each case use 500 replications - For which of these sample sizes does the x‾ sampling distribution appear to be approximately normal?
Describe the type of bond investment program : Describe the type of bond investment program you think the Shuman family should follow.- List several types of bonds that you would recommend for their portfolio and briefly indicate why you would recommend each.
Iterate through a logical array : Iterate through the vector, A, using a while loop and return a new vector, B, containing true for positive values and false for all other values.
What are some different types of stakeholders : Pick a business and describe the various stakeholders that the business has. Why are these people stakeholders? What responsibilities does the business have to these stakeholders?
Value of investment after one year : a. What is the value of your investment after one year? Multiply $3,000 × 1.12. b. What is the value of your investment after two years? Multiply your answer to part a by 1.12. c. What is the value of your investment after three years? Multiply your ..
What are various ways in which the textbook proposes : What are various ways in which the textbook proposes that our understanding of the corporation to its stakeholders can be revised? What are some of the benefits and drawbacks to each proposal?
Financial statements of the company : What impact does the grant of these options have on the financial statements of the company? Explain Answer please.
Determining the chances for the applicant to get a job : Your script should repeatedly ask the user for a GPA value and compute the student's chances of being hired. It should continue asking for GPA values until a negative number is entered.
What is the current market price of bonds : Jackson Corporation's bonds have 19 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 9.5%. The bonds have a yield to maturity of 12%. What is the current market price of the..

Reviews

Write a Review

Finance Basics Questions & Answers

  This year amy purchased 2200 of equipment for use in her

this year amy purchased 2200 of equipment for use in her business. however the machine was damaged in a traffic

  The firm has tax rate of 34 and profit margin of 6 the

le place has sales of 439000 depreciation of 32000 and net working captial of 56000. the firm has a tax rate of 34 and

  Which terms are better if the firm intends to borrow

Which terms are better if the firm intends to borrow the $10 million for the entire year? If the firm plans to use the funds for only three months, which terms are better?

  Tomato inc has accounts receivable of 52700 total assets of

tomato inc. has accounts receivable of 52700 total assets of 269250 cost of goods sold of 147900 and sales of 205790.

  Suppose you purchased 500 shares of the fidelity nasdaq

suppose you purchased 500 shares of the fidelity nasdaq composite index tracking stock ticker oneq on january 1 at 50

  Discuss the ability of central banks to manage

Further discuss the ability of central banks to manage domestic economic problems while maintaining a pegged exchange rate?

  What political realities might explain the federal reserve

what political realities might explain the federal reserve act of 1913 placed two federal reserve banks in missouri?

  What will flashbacks eps and pe ratio

What will Flashback's EPS and PE ratio be under the two different scenarios?

  Means of compensating production

The ________ pay plan has long been popular as a means of compensating production workers by paying a fixed sum for each unit of production completed.

  Explain capital budgeting involves calculation net present

Explain Capital budgeting involves calculation of net present value and The following information is associated with this project

  Determine the net annual financing cost of this factoring

The factor requires a 10 percent reserve for returns and allowances and charges a 2 percent factoring commission. DuBois can borrow funds from the factor at 3 percentage points over the prime rate (currently 9 percent). Determine the net annual finan..

  Inflows and revenue management

Inflows and Revenue Management

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