User Account

All Pages

What is the value of the fund today

Assignment Help Accounting Basics
Reference no: EM132497326

Question - Your brother, who is 6 years old, just received a trust fund that will be worth $24,000 when he is 21 years old. If the fund earns 0.10 interest compounded annually, what is the value of the fund today? Round to two decimal places.

Reference no: EM132497326

Questions Cloud

Compute the April inventory and the April cost of goods sold : Sheffield Company uses a periodic inventory system. Compute the April 30 inventory and the April cost of goods sold using the FIFO method
Side of the isthmus of panama : Studies of snapping shrimp on either side of the Isthmus of Panama have shown that each Caribbean shrimp species is more closely related to a Pacific shrimp
Prepare the bank reconciliation and adjusting entries : Prepare the bank reconciliation. The bank returned a check deposit amounting to P5,000 because of insufficiency in the funds of the drawer.
Define fermentation technology : Question 1: Define fermentation technology. Question 2: Define Bioprocess technology.
What is the value of the fund today : Your brother, who is 6 years old, just received a trust fund that will be worth $24,000 when he is 21 years old. What is the value of the fund today
How many units must be sold to achieve targeted net income : How many units must be sold to achieve the targeted net income? How many units must be sold to achieve the targeted net income?
How much is the annual amortization expense : Adelphi Company expects to use the patent for 6 years after which time it will be worthless. How much is the annual amortization expense for 2019
What are the ethical concerns that may arise from pharming : Give an example and describe one of the latest developments in pharming. What are the ethical concerns that may arise from pharming?
What is the functional relevance of fusion : In what tissue type will basal laminas fuse and what is the functional relevance of this fusion? Also, what structure enables attachment of epithelial cells?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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