What is the balance at the end of year 2013

Reference no: EM13223392

Assume that $5000 is deposited today, three years from now, six years from now, nine years from now, and twelve years from now in a savings account which earns 5% annual interest. What is the balance at the end of year 13?

Reference no: EM13223392

Questions Cloud

Explain reaction''s activation energy decreased : At 30°C, by how much is a reaction's activation energy decreased by the addition of a catalyst if the catalyst triples the reaction rate?

What is the average inflation rate for the projected price : The current price in the CPI for a pound of coffee is $7.25, and it is projected to increase next year by 2%, then decrease by 3% in the following year, and then increase by 5% the third year. What is the average inflation rate for the projected p..

What does tell us about application of theory : How can smart people be so wrong when it comes to predicting the events of the future, or explaining the events of the past? What does tell us about application of theory?

Explain the hammond postulate : How does the Hammond postulate explain: a. the greater selectivity for bromination vs. chlorination of an alkane? b. the fact that the relative reactivity of C-H bonds of an alkane for free radical chain halogenation is 1º>2º>3º

What is the balance at the end of year 2013 : Assume that $5000 is deposited today, three years from now, six years from now, nine years from now, and twelve years from now in a savings account which earns 5% annual interest. What is the balance at the end of year 13

Explain ideal gas as the external pressure is increased : Calculate ?G for 1.00 mole of an ideal gas as the external pressure is increased from 1.00 bar to 2.00 bar at a constant temperature of 298.0K.

Prepare an interview session agenda : Discuss the various stakeholders who may have an interest in the new system.Be sure to include all three groups of users in your discussion - Prepare an interview session agenda

What is future worth of an equal monthly series of payments : a. What will $35,000 deposited today be worth in 10 years at 12% compounded annually b. What is $14,000 worth today if deposited for 5 years at 4% compounded monthly c. What will $124,000 deposited today be worth in 10 years at 10% compounded daily

Explain what is the wavelength of the incident radiation : If a molecule having an ionization energy of 10.51 eV produces a photoelectron having a kinetic energy of 7.01676E-19 J, what is the wavelength of the incident radiation?

User Account

All Pages