What is the future value of investment

Assignment Help Financial Management

Reference no: EM132062981

1. You receive a $165,000 inheritance from your parents and invest it in a savings plan earning 6 5/8% interest compounded monthly. After 3 years you decide to deposit an additional $12,353.89 in the account and let the money sit for 10 more years. What is the future value of this investment? How much interest has your money earned in the 13 years that it was invested?

2. Tri-Star Airlines intends to pay off a $20,000,000 bond issue that comes due in 4 years. How much must the company set aside now, at 6 % interest compounded quarterly, to accumulate the required amount of money?

Reference no: EM132062981

Questions Cloud

Discuss the community issue the nonprofit intends : In this section, you will discuss the community issue the nonprofit intends to address with the program services the grant will fund.

Different representations of combinational logic : In this project, I will be implementing combinational logic circuits in Logisim to handle button input and (eventually) handle output selection

Mortgage prepayment risk : Which of the following is true? Mortgage prepayment risk:

Impact the field of digital forensics : How do the cloud services impact the field of digital forensics and how would a forensic analysis will be different than one

What is the future value of investment : What is the future value of this investment? How much interest has your money earned in the 13 years that it was invested?

What is the proper method for writing a program : What is the proper method for writing a program in SAS to access a MS Excel spreadsheet and then select four specific data items.

What influenced your reaction to the situation : When you hear the word ethics, what comes to mind? When have you encountered a situation that challenged your ethical principles?

Personal use of work computers during work hours : Most companies have policies that regulate employees' personal use of work computers during work hours. Some even monitor employee e-mails and track

Statement using javascript coding syntax : What is a Recommended Book Program that will ask the user to enter an user's age using the if-else statement using JavaScript coding syntax?

User Account

All Pages