User Account

All Pages

What is the future value of the fund at the end of 9 years

Assignment Help Finance Basics
Reference no: EM132679158

Chad contributed $1,800 at the end of every 3 months into an RRSP fund earning 2.50% compounded quarterly for 9 years.

a. What is the future value of the fund at the end of 9 years?

b. What is the amount of interest earned over this period?

Reference no: EM132679158

Questions Cloud

Average amount of invested capital for the year : At the end of the year it reported total short-term debt of $288, total long-term debt of $523, and total stockholders' equity of $ 743.
Find what is yield to maturity for wilson wonders : Find What is yield to maturity for Wilson Wonders? Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 12%.
What is the operating cash flow : A project has annual depreciation of $17,900, costs of $90,500, and sales of $131,500. The applicable tax rate is 40 percent. What is the operating cash flow?
Discuss the three major types of attitude scales : Discuss the three major types of attitude scales. What are the unique features of each? In a recent journal, find an example of a study employing a scale.
What is the future value of the fund at the end of 9 years : Chad contributed $1,800 at the end of every 3 months into an RRSP fund earning 2.50% compounded quarterly for 9 years.
Explain what is meant by interest elasticity : Explain what is meant by interest elasticity. Would you expect the federal government's demand for loanable funds to be more or less interestelastic
What is the price of a european put option : The underlying stock price is $30, and a dividend of $0.70 is expected in three months. Risk-free interest rates for all maturities are 8%. ?
What is the yield on three-year treasury securities : What is the yield on 2-year Treasury securities? The real risk-free rate of interest is 4%. Inflation is expected to be 3% year and 5% during next 2 years.
What level of pretax cost savings : What level of pretax cost savings do we require for this project to be profitable? MACRS schedule.

Reviews

Write a Review

Finance Basics Questions & Answers

  How many presentations are possible for the first day

There are 16 students giving the final presentation in your history class. Three students present per day. How many presentations are possible for the first day

  Find the present value of a perpetuity

Fin 3200 Business Finance Assignment - Find the present value of a perpetuity that pays $2,000 per year and the interest rate is 10%

  How long do you have to pay before the account is overdue

What is the discount being offered? How quickly must you pay to get the discount? If you do take the discount, how much should you remit?

  Non profit organisations in the public sector

What are some of the problems with the performance management in Non Profit Organisations in the public sector in any country.

  How much should you pay for the bond

Assume that you have the opportunity to buy a 30 year, zero coupon, $60,000 bond. You determine that the yield on a comparable bond (comparable in terms of risk, liquidity, etc.) is 4.0%. How much should you pay (maximum) for the bond? Assume an e..

  What is its average collection? period

If? Brenmar's accounts receivable equal $562,900?, what is its average collection? period?

  Calculate the year-end adjusted balances of unearned revenue

Suppose a customer rents a vehicle for three months from Commodores Rental on November 1, paying $4,500 ($1,500/month).

  What is the resilience of the bolts and joint this time

By how much does the tensile load of 7.40 kips increase the tension in the bolts and reduce the clamping force on this joint? What is the minimum preload required to prevent separation of this eccentric joint?

  Convert the model into a state space form

Convert the model into a state-space form using (a) Akaike's method, (b) Harvey's approach, and (c) Aoki's approach.

  Calculate thelma and louie net income for the year

Thelma and Louie, Inc., started the year with a balance of retained earnings of $547 million and ended the year with retained earnings of $594 million. The company paid dividends of $37 million to the preferred stockholders and $77 million to comm..

  Opportunities from which to construct a portfolio

Suppose that you have $1 million and the following two opportunities from which to construct a portfolio:

  Risk of treasury bond funds

Support or refute the following statement: Investors can avoid all types of risk by purchasing a mutual fund that contains only Treasury bonds.

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