What amount must you deposit each year

Assignment Help Finance Basics
Reference no: EM13297736

You want to have $25,000 in your savings account eight years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 4.75 percent interest, what amount must you deposit each year?

Reference no: EM13297736

Questions Cloud

What is her holding period return : Christy purchased 100 shares of Good Idea stock for $48 last year. Yesterday she sold the stock for $45. If she received $4 in dividends during the time she held the security, what is her holding period return? a. 2.08% b. 8.30% c. -6.30% d. 14.60..
Determine maximum amount fabco should be willing to pay : Fabco, Inc., is considering purchasing flow valves that will reduce annual operating costs by $10,000 per year for the next 12 years. Fabco's MARR is 7 percent/year. Using an internal rate of return approach
How far from the objective lens is the object : A microscope with an eyepiece lens of focal length 1.80 cm and an objective lens of focal length 0.95 cm is used to examine a section of the brain of a sacrificed rat. How far from the objective lens is the object
What makes contracts difficult to read or comprehend : Many times we have a contract in front of us and we merely scan it and then sign it. Discuss what makes contracts difficult to read or comprehend. Identify and then explain the two most important elements of a contract that every manager should know ..
What amount must you deposit each year : You want to have $25,000 in your savings account eight years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 4.75 percent interest, what amount must you deposit each year?
How goods are sold or makes it more confusing : Explain whether the UCC clarifies how goods are sold or makes it more confusing. From the comparison you conducted in the e-Activity, discuss whether or not a manager would likely need to have a complete picture of the UCC in each state. How much doe..
Determine the correct contact lens prescription : A farsighted man uses eyeglasses with a refractive power of 2.10 diopters. Wearing the glasses 0.03 m from his eyes, What is the correct contact lens prescription
Identify carriers for a gene causing prostate cancer : A screening test was used to identify carriers for a gene causing prostate cancer. Discuss the social, legal, and moral implications of using the results of the test.
At what angle with respect to the normal is ray transmitted : A glass lens has a scratch-resistant plastic coating on it. The speed of light in the glass is 0.659c, At what angle with respect to the normal is the ray transmitted

Reviews

Write a Review

Finance Basics Questions & Answers

  Use the risk premium approach

Great Corp has 108,000 shares of common stock outstanding, currently selling at $18.48 per share. Use the risk premium approach and assume a 3% risk premium.

  Value per share of merged firm

Firm A is planning on merging with Firm B. Firm A will pay Firm B's stockholders the current value of their stock in shares of Firm A. Firm A currently has 2,300 shares of stock outstanding at a market price of $20 a share.

  Determine net investment

Syracuse Roadbuilding Corporation is planning the purchase of a new tandem box dump truck. The truck costs $95,000, and an additional $5,000 is needed to paint it with the firm logo and install radio equipment.

  What is mullineaux wacc

Mullineaux Corporation has a target capital structure of 50 percent common stock, 5 percent preferred stock, and 45 percent debt. Its cost of equity is 9 percent, the cost of preferred stock is 4 percent, and the pretax cost of debt is 6 percent. ..

  Which strategy works best if a bidding war erupts

If you were Smith's financial advisor, which strategy would you advise he establish? Or would you argue that he not speculate on this takeover?

  Assess a corporations financial performance

Determine why are financial ratios used to assess a corporation's financial performance? Why are sales reports, profits, debts, or current liability reports insufficient?

  What should be the current market price of company stock

After the $5 dividend is paid, the company expects its growth rate will remain constant at 4 percent per year forever. If BrandMart's investors demand a 12 percent rate of return, what should be the current market price of the company's stock?"

  What is the apr and epr for this loan

You have just purchased a new warehouse. To finance the purchase, you've arranged for a 30-year mortgage loan for 80 percent of the $3,200,000 purchase price. The monthly payment on this loan will be $15,300. What is the APR and EPR for this loan?

  How much will be in the account three years

If you also add another $5,000 to the account one year (4 quarters) from now and another $7,500 to the account two years (8 quarters) from now, how much will be in the account three years (12 quarters) from now?

  Microsoft motives for accumulating and holding cash

What are the business motives for holding cash in general? Of these motives, which one is most likely driving Microsoft's accumulation of cash? Explain your answer in detail.

  What is the amount of the dividend income you received

You sold 400 shares of stock today for $38.20 a share. You bought those shares one year ago at a total cost of $15,000. Your percentage return on this investment was 5.70 percent. What is the amount of the dividend income you received on this inve..

  What is the true initial cost figure the company should use

What is the true initial cost figure the company should use when evaluating its project?

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