User Account

All Pages

What is the apr the account has been paying

Assignment Help Finance Basics
Reference no: EM132774537

Exactly 20 years ago a great uncle opened a new investment account that paid some fixed APR, compounded quarterly. Your uncle deposited $1,000 when the account was opened, and continued to make annual $1,000 deposits (the last deposit was made this morning). Your uncle has informed you that he is transferring the account to you as a gift, and that the account now has a balance of $35,270.94. What is the APR the account has been paying?

Reference no: EM132774537

Questions Cloud

How much should be the accounts receivable before allowance : Accounts Receivable (December 31, 2019). On December 31. 2020. How much should be the Accounts Receivable before allowance for uncollectible accounts?
How many months will it take for account : If you invest $3,000 at the end of each month, how many months will it take for your account to grow to $310,000?
How much is the bad debts expense recognized : How much is the bad debts expense recognized in 2010? The company uses 5% of outstanding accounts receivable in estimating bad debts
How much is the net realizable value of accounts receivable : How much is the net realizable value of accounts receivable as of December 31, 2019? Accounts receivable (January 1) - 205,000
What is the apr the account has been paying : Your uncle has informed you that he is transferring the account to you as a gift, and that the account now has a balance of $35,270.94.
Explain the alternative strategy to manage : Explain the alternative strategy to manage the transaction exposure.
Do the accounting information users and preparers world wide : Do the accounting information users and preparers world wide need codification of IFRS on the same lines as Codification of US GAAP.
Advantages of fdi for developing countries : What are the major potential advantages of FDI for developing countries
What are the equivalent units for the period : 80,000 units were completed and transferred out of Department D. What are the equivalent units for the period using the average cost method?

Reviews

Write a Review

Finance Basics Questions & Answers

  Make contributions to retirement account

Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 70.00. During these years of part-time work, he will neither make

  Regardless of the composition of a group

Regardless of the composition of a group, managers can leverage diversity to achieve superior performance by which of the following approaches?

  What is the basel accord

What is the Basel Accord? Why is it desirable to have uniform international capital standards for banks?- What is the difference between Basel I and II?

  What are the effects on the amount realized

If the creditor's offer is accepted, what are the effects on the amount realized, the adjusted basis, and the realized gain or loss for Marge?

  What is concurrent engineering

Describe PLM, ERP, and MES. How do these processes interact with systems engineering management?

  Calculate the first-period rates of return

Calculate the first-period rates of return on the following indexes of the three stocks: (Do not round intermediate calculations

  What is the purpose of a balance sheet

What is the purpose of a balance sheet and statement of revenue and expenses?

  Construct two alternative financing plans

Construct two alternative financing plans for Guardian. One of the plans should be conservative, with 80 percent of assets financed by long-term sources.

  Estimate the firm reinvestment rate

Assume that the firm is in stable growth, growing 5 percent a year forever; estimate the firm's reinvestment rate?

  Capital structure decisions-key information

Elephant Books sells paperback books for $7 each. The variable cost per book is $5. At current annual sales of 200,000 books, the publisher is just breaking even.

  What is the net present value of the more attractive choice

What is the net present value of the more attractive choice? Please round your answer to the nearest dollar.

  What factors do buyers consider when purchasing a new car

What factors do buyers consider when purchasing a new car? Why has demand for hybrid automobiles fallen in recent years?

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