What is the effective annual interest

Assignment Help Financial Management

Reference no: EM131446170

At the end of five years, an account paying 6% interest, compounded continuously, shows a balance of $10,797.87. if only an initial deposit was made, what was the amount? What is the effective annual interest?

Reference no: EM131446170

Questions Cloud

New sausage system with an installed cost : The Sausage Hut is looking at a new sausage system with an installed cost of $187,400. This cost will be depreciated straight-line to zero over the project's four-year life, at the end of which the sausage system can be scrapped for $25,000. If the t..

Identify the ethical dilemma that the scenario presents : Clearly define and evaluate three legal concepts that were discussed in the text and that apply to the company. Identify the ethical dilemma that the scenario presents and evaluate two ethical frameworks that applied to management's decisions.

Identify a decision support tool for the business : Within the context of your local business, organization or place of employment, identify a decision support tool that could be effectively used. Be sure that you provide a rationale for the decision support tool of your choice.

Prepare a detailed report outlining the correct procedures : Prepare a detailed report outlining the correct procedures that should have been followed and documentation that should have been used in order for Skyway to have avoided the penalties incurred.

What is the effective annual interest : At the end of five years, an account paying 6% interest, compounded continuously, shows a balance of $10,797.87. if only an initial deposit was made, what was the amount? What is the effective annual interest?

Present the strongest arguments against your claim : You have your thoughts down on paper and have gone over your organizational structure to be sure that your argument is presented in the clearest possible way.

The key financial variables unchanged : REH? Corporation's most recent dividend was $1.98 per? share, its expected annual rate of dividend growth is 5?%, and the required return is now 15?%. A variety of proposals are being considered by management to redirect the? firm's activities. Deter..

Discuss about the challenges in the long-term care continuum : Read assign research article(below) relating to the current challenges in the long-term care continuum and their impact on the current long-term care industry. Read the assigned research paper and research the Internet to learn more about the top..

Assume acquisition costs occur in year : The marketing manager for Custom Garage Doors Inc looks at the following problem: the NPD team has suggested a new flexible product, which can be developed at a cost of $100 per client. She knows that an average customer stays for three years and spe..

User Account

All Pages