What interest rate would you need in order to buy a boat

Assignment Help Finance Basics
Reference no: EM133120783

You just turned 20 years old today. Hoping to buy a brand-new motorboat on your 30th birthday, you decided to put $5,000 once a year, starting today, into a saving account. If your last deposit will be made on your 29th birthday, what interest rate would you need in order to buy a boat for $95,000?

Reference no: EM133120783

Questions Cloud

Find the working capital, current ratio, and quick ratio : The company's quick assets/liquid is $305,000. Find the working capital, Current Ratio, and Quick Ratio
Role of governing body in healthcare organization : What is the role of the governing body in a healthcare organization? How does the governing body use organized committees to monitor the performance of the CEO?
What would be the amount of the stockholders equity : If total liabilities and stockholders' equity capital were $15.5 million, what would be the amount of the stockholders' equity
Number of theories on aging : There are a number of theories on aging, such as: disengagement theory, activity theory, continuity theory, and age stratification theory.
What interest rate would you need in order to buy a boat : You just turned 20 years old today. Hoping to buy a brand-new motorboat on your 30th birthday, you decided to put $5,000 once a year, starting today, into a sav
Make financial markets efficient : Discuss some of the forces that help make financial markets efficient?
Corporate social responsibility : Corporate Social Responsibility (CSR) has gained a new significance in today's competitive world and has extended the involvement of organizations into society.
What price will the company charge : What price will the company charge if the firm uses cost-plus pricing based on total cost and a markup percentage of 130%
Compute the remaining amount in a savings account : India and Caleb met in 2007 and got legally married on February 7, 2009. They separated on December 1, 2019, and divorced on February 1, 2022.

Reviews

Write a Review

Finance Basics Questions & Answers

  Relationship between the risk and the return rate

For default risk. What would be the relationship between the risk and the return rate? Would a government bond be different than a new stock option? Explain

  Production of goods and cash flow from sales

Calculate the cash flow due to production of goods and cash flow from sales if sales are $9,250, cost of goods sold are $8,850, accounts receivable decreases by $950, and inventory increases by $460.

  What was the most significant item in the cash flows

Company Subject is: Nike. What was the most significant item in the cash flows used for investing activities section

  The firms tax is 40 what is the firms cost of retained

average corporations stock currently sells for 45.00 per share it is expected to pay a dividend of 3.10 next year its

  Root of the success of such programs in developing nations

What could be the root of the success of such programs in developing nations? Can it work best only in developed countries like the US?

  Standard deduction or itemize deductions

In your reading, you discovered that everyone has the option to take the standard deduction or itemize their deductions.

  Writing a naked and covered call

Matt owns 500 shares of IKM stock. The market price of IKM is $51.74. Matt just sold five calls on IKM with a strike price of $50.

  The bonds make semiannual coupon payments at a rate of 84

trevor price bought 10-year bonds issued by harvest foods five years ago for 950.97. the bonds make semiannual coupon

  Compute the monthly amount of real estate taxes

Compute the monthly amount of real estate taxes

  What is the current price of the bond

Suppose a German company issues a bond with a par value of €1,000, 23 years to maturity, and a coupon rate of 5.8 percent paid annually.

  Share of common stock

McCall Corporation has a capital structure consisting of 55 percent common equity, 30 percent debt, and 15 percent preferred stock.

  How much will it cost you to buy a seat

Assume that Schenkel uses cumulative voting, and there are four seats in the current election. How much will it cost you to buy a seat?

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