What is the future value of the annuity

Assignment Help Financial Management

Reference no: EM131057100

You have $50,000 in your bank account. You plan to save $5,000 at the end of each year for the next 10 years. The interest rate is 8% per annum, compounded monthly. What is the future value of the annuity (ordinary)?

Reference no: EM131057100

Questions Cloud

Determine the blade speedjet speed ratio : Sulzer Hydro Ltd. of Zurich at one time manufactured a six-jet vertical-shaft Pelton wheel turbine with a power rating of 174.4 MW, with a runner diameter of 4.1 m, and an operating speed of 300 rpm with an effective head of 587 m.

Describe and construct a matrix in excel : Zappos Shoes has decided to launch a reactivation campaign to customers who have lapsed and not purchased in 12 months or longer. They are testing various components of the test including:

Management fads come and go-initiatives change : To quote from the Tregoe and Spitzer article, "Management fads come and go, initiatives change, market and economic pressures rise and fall, but cost management must be a way of life". Of the suggestions offered by the author(s), which concepts give ..

Pressure at constant temperature : Derive a relation for ( hint: Maxwell's relations will be helpful) to determine how entropy will change with pressure at constant temperature (δS/δp)t for a gas that behaves according to the following equation of state PV = nRT/a + P/b, where a ..

What is the future value of the annuity : You have $50,000 in your bank account. You plan to save $5,000 at the end of each year for the next 10 years. The interest rate is 8% per annum, compounded monthly. What is the future value of the annuity (ordinary)?

Particular temperature for a solution : The absorbance value at 690 nm at a particular temperature for a solution containing CoCl4 ^2- is 0.744. the concentration of the sln containing CoCl4 ^2- is 0.0105M.

What is the purpose of the conclusion in a research report : What is the purpose of the conclusion in a research report? Which of the following is not normally included in a written account of qualitative research?

Calculate the ph of buffer : A lactic acid/lactate ion buffer solution contains 0.21 MHC3H5O3 and 0.84 MC3H5O3-, respectively. The Ka value of lactic acid is 1.4×10-4. Calculate the pH of this buffer.

Mol of aluminum nitrate : When a 2.5 mol of sugar (C12H22O11) are added to a certain amount of water the boiling point is raised by 1 Celsius degree. If 2.5 mol of aluminum nitrate is added to the same amount of water, by how much will the boiling point be changed?

User Account

All Pages