User Account

All Pages

What was accumulated value of the fund at the end of year

Assignment Help Accounting Basics
Reference no: EM133057110

Question - Derek deposited $14,000 into a fund at the beginning of every quarter for 13 years. She then stopped making deposits into the fund and allowed the investment to grow for 4 more years. The fund was growing at 5.16% compounded monthly.

a. What was the accumulated value of the fund at the end of year 13?

b. What was the accumulated value of the fund at the end of year 17?

c. What is the total amount of interest earned over the 17-year period?

Reference no: EM133057110

Questions Cloud

Calculate pil share price today : Powell Industries Ltd (PIL), based in St. Andrew, has secured a new contract making them the sole supplier of commercial oxygen in Jamaica for the next three ye
How should Olive Ltd report this transaction : Required According to accounting standard, how should Olive Ltd report this transaction in its financial statements for the year ended 31 December 20X3
What is the net advantage to leasing : Carolina Trucking Company (CTC) is evaluating a potential lease for a truck with a 4-year life that costs $40,000 and falls into the MACRS 3-year class.
What is the present value : A 24 year old employee makes $100,000 per year with her employer. At a 4% discount rate, what is the Present Value of her and her employer's future contribution
What was accumulated value of the fund at the end of year : Derek deposited $14,000 into a fund at the beginning of every quarter for 13 years. What was accumulated value of the fund at the end of year
Law enforcement professionals and investigators : Law enforcement professionals and investigators use digital forensic methods to solve crimes every day.
Evaluation of formation and operational issues : Dave and Donna, a newly married couple, plan to quit their jobs, move to Wyoming, and open a software development business. Initially, they want the business to
What is the post-tax cost of debt : GG Company just paid $0.85 as a dividend, expected to grow at 5.0%. The most recent stock price is $82. What is the post-tax cost of debt
How the risk of short squeeze relates to short selling : The hedge funds in this case are referred to as "short sellers." Explain what short selling means and how the risk of a "short squeeze" relates to short selling

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