What is the future worth in sally savings

Assignment Help Business Economics

Reference no: EM131809219

Sally deposited $100 a month in her savings account for 24 months. For the next 5 years she made no deposits. What is the future worth in Sally's savings account at the end of the 7 years, if the account earned 6% annual interest, compounded monthly?

Reference no: EM131809219

Questions Cloud

Performance measurement system usage in large companies : Basis for demonstrating your understanding of the performance measurement system usage in large companies - review the details of the Remuneration Report

Describe your findings and observations : Describes your findings and observations. Include additional resources that support, reinforce, or even challenge your findings and observations.

Calculate the present worth and the future worth : Calculate the present worth and the future worth of a series of 10 annual cash flows with the first cash flow equal to $15,000 and each successive cash flow

The volume-variety matrix-product process matrix : Identify the location of your organization in the volume- variety matrix/product process matrix.

What is the future worth in sally savings : What is the future worth in Sally's savings account at the end of the 7 years, if the account earned 6% annual interest, compounded monthly?

How does the code relate to protecting the public : What do you think are the main objectives of the AICPA code of professional conduct and how does the code relate to protecting the public

Conducting a randomized block experiment : A researcher conducts a randomized block experiment with interaction and provides the following ANOVA table.

What is the future worth of the investments : If the student can achieve a 12% rate of return, what is the future worth of the investments on his 65th birthday?

What are two of the most interesting historical ethics : What are two of the most interesting historical ethical dilemmas that we have faced as a society? How do they relate to our reading material ?

User Account

All Pages