What is in the account at the end

Assignment Help Business Economics
Reference no: EM131101470

A company deposits $1000 in a bank at the beginning of each year for 15 years. The account earns 6% interest, compounded every 6 months. What is in the account at the end of 15 years?

Solve without using Calculator or Excel Method.

Reference no: EM131101470

Questions Cloud

Optimal price and quantity given production constraint : You work for a drug manufacturing company and holds a patent on Hair Grow, the worlds most famous effective drug for restoring hair. Your job is to analyze the pricing and investment decisions facing the firm. Your marketing group estimates that Hair..
An oligopoly market consists : An oligopoly market consists of:
Economics integration generates winners and losers : When firms differ in terms of their performance, economics integration generates winners and losers. The more productive (lower costs) firms thrives and expand, while the less productive (higher cost) firms contract.
When firms use cost-plus pricing in market : When firms use cost-plus pricing in a market,
What is in the account at the end : A company deposits $1000 in a bank at the beginning of each year for 15 years. The account earns 6% interest, compounded every 6 months. What is in the account at the end of 15 years?
Impacts of government and market imperfections : Explain the relationship between the price elasticity of demand and total revenue. What are the impacts of various forms of elasticities (elastic, inelastic, unit elastic, etc.) on business decisions and strategies to maximize profit? Is the price el..
What are the roles of government in the market economy : What are the roles of government in the market economy? Based the current economic conditions, to what extent should the government intervene in the market economy?
Expectations be stabilizing or destabilizing : What did the establishment of operational bands do to the expectations of ruble speculators? Would these expectations be stabilizing or destabilizing in your opinion?
Rent to other retailers and consumers at profit : Annie Laurie works for Arrow Star, a wholesaler and retailer of outdoor furniture. Her job is to acquire goods to resell and rent to other retailers and consumers at a profit. Annie is involved in _____?

Reviews

Write a Review

Business Economics Questions & Answers

  Can businesses be an important cause of inflation

Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output. Can businesses be an important cause of inflation or is it a pure monetary eff..

  Major arguments protectionists use to justify trade barriers

What are the major arguments protectionists use to justify trade barriers? Which of these arguments do you agree with? Disagree with? Why is protectionism still so powerful politically?

  How can you reconcile the president statement with economic

Based on your answers in a also b, how can you reconcile the president's statement with economics. Can you suggest how his statement could be modified to be consistent with the IS-LM model.

  Fits the model also elucidate your rationale

Provide an example of a specific industry that you believe fits the model also elucidate your rationale.

  The workers in the more dangerous jobs be paid

Assume the value of a statistical life is $85,000,000 and that workers in more dangerous jobs are exposed to an additional 1/105 risk of death. How much more should the workers in the more dangerous jobs be paid (compared to the other workers)?

  Suppose the effective rate of protection

A small country that imposes a tariff will observe: Refer to the figure above. The impact of a tariff on shoes on the amount of domestic producer surplus is a __________ measured by area __________. Suppose the "Effective Rate of Protection" for Braz..

  Consumer is unable to distinguish between two firms products

A risk-neutral consumer is deciding whether to purchase a homogeneous product from one of two firms. One firm produces an unreliable product and the other a reliable product. At the time of the sale, the consumer is unable to distinguish between the ..

  Real per capital income

If real GDP increases by 5 percent and the population increases by 10 percent during the same period, real per capital income

  Illustrate what money supply should the bank of canada set

Illustrate what money supply should the Bank of Canada set next year if it wants inflation of 10 percent.

  Percentage change in price and price elasticity of demand

Average visits per week equal 640 when the copayment is $40 and 360 when the copayment is $60. Calculate the percentage change in visits, percentage change in price, and price elasticity of demand using 640 and $40 as the denominators for percentage ..

  What is purchasing power parity

What is purchasing power parity? How is it different from exchange rate? Demonstrate difference between the two.

  Dollar retains its dominant role in global economy

Can you identify the consequences of a strong dollar or a weak dollar in the United States? Which direction do you prefer for the overall health of the American economy? Should the U.S. take measure to ensure that the dollar retains its dominant role..

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