What is in the account at the end of six years

Assignment Help Microeconomics
Reference no: EM132162917

Question: A company deposits $1000 in a bank at the beginning of each year for 6 years. The account earns 8% interest, compounded every 6 months. What is in the account at the end of 6 years? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132162917

Questions Cloud

Pros and cons of using a diversified workforce : What kind of differences among employees can you identify in this company and What are those pros and cons of using a diversified workforce
What was the future worth of Ayn deposits : After receiving an inheritance of $25,000 on her 21st birthday, Ayn deposited the inheritance in a savings account with an effective annual interest rate of 6%.
What is the most practical and easily applied lesson : What is the most practical and easily applied lesson you learned by answering the previous questions? What was the hardest to grasp?
What is the youngest age at which don can retire : Don Ball is a 55-year-old engineer. According to mortality tables, a male at age 55 has an average life expectancy of 21 more years.
What is in the account at the end of six years : A company deposits $1000 in a bank at the beginning of each year for 6 years. The account earns 8% interest, compounded every 6 months.
Analyze innovative strategies : List and discuss 2-3 innovative strategies that the organization could use today to potentially rebuild its entrepreneurial culture.
Explain why private provision of a public good : Explain why private provision of a public good may result in positive provision of the public good but less than the efficient amount.
What was the future worth of the savings : Bill made a budget and planned to deposit $150 a month in a savings account, beginning September 1. He did this, but on the following January 1.
Determine the concepts of competitive advantages : Write a paper in which you analyze how the selected organization is meeting the concepts of Competitive Advantages as outlined in Hisrich and Kearney (2014).

Reviews

Write a Review

Microeconomics Questions & Answers

  Correlation between income levels-standardized test scores

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..

  Are large firms easier target for union organization

Are large and powerful firms easier targets for union organization than small firms? Why or why not?

  Set of positive even numbers less than 20

Express the following set using enumeration - Set of positive even numbers less than 20

  1a positive statement is one which isderived by induction

1. a positive statement is one which isderived by induction. derived by deduction. subjective and is based on

  Demonstrate your ability to meet the given course objectives

In this assignment, you will demonstrate your ability to meet the following course learning objectives. Recall and restate the 8 steps of policy analysis, including theories and methods associated with each (stretching beyond Bardach)

  Theory of comparative advantage

1. This question looks at the theory of comparative advantage. Imagine a world in which there are just two countries, F and G, and just two goods, X and Y.

  The university is considering level of light on campus

The university is considering level of light on campus. Tim, Shirley and Cynthia are the only students who work on campus. Tim's Marginal Benefit MB = 60 - 3Q, Shirley's MB = 20 - Q, and Cynthia's MB = 5, where Q is the level of light. If there are n..

  Computing the value of the total investment

A solar-powered personal aircraft with VTOL capability has been under development for the past 30 years by a group of engineers and physicists.

  Construct a game that portrays the given situation

In baseball, a pitcher faces a batter. If hit, the coming pitch will produce the gamewinning run, if not the team loses. There are two types of pitch-a fastball

  How much will each of her children receive after taxes

Kathryn and her husband earned a considerable fortune during their working lives, but Kathryn is now retired and her husband is deceased. Kathryn has $20 million available to pass along to her two children, and has made provisions in her will to divi..

  How many people will choose to sell cat berets

Suppose there are many sellers with the same costs as Foster. If there are 24 people on Etsy willing to buy 1 cat beret each for $34, how many people will choose to sell cat berets

  What was the rate of inflation year

1. If the CPI in January of 2007 was is 202.4, and the CPI in January of 2008 was 211.1, what was the rate of inflation that year?

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