User Account

All Pages

What was the accumulated value of the fund

Assignment Help Financial Accounting
Reference no: EM132925015

Question - A company deposited $6,000 into an investment fund at the beginning of every quarter for 6 years. It then stopped making deposits into the fund and allowed the investment to grow for 3 more years. The fund was growing at 3.25% compounded monthly. (Question relates to Mathematics of Business and Finance).

a. What was the accumulated value of the fund at the end of 6 years?

b. What was the accumulated value of the fund at the end of 9 years?

c. What was the amount of interest earned over the 9-year period?

Reference no: EM132925015

Questions Cloud

Discuss the mental status examination results : Discuss their mental status examination results. What were your differential diagnoses? Provide a minimum of three possible diagnoses and why you chose them.
Describe a global implication of the disease : Describe a global implication of the disease. How is this addressed in other countries or cultures? Is this disease endemic to a particular area?
What was the balance in the fund at the end of the period : For 34 years, Janet saved $1,050 at the beginning of every month in a fund that earned 5.21% compounded annually. What was the balance in the fund
Explain why is support necessary to success of change : Name at least one technology that could improve the implementation process and the outcomes of your capstone project change proposal.
What was the accumulated value of the fund : A company deposited $6,000 into an investment fund at the beginning of every quarter for 6 years. What was the accumulated value of the fund
How much should Kimberly dad invest : How much should Kimberly's dad invest in a savings account today, to be able to pay for Kimberly's rent for the next two years
What information from outside information cite to support : The purpose of this discussion is to recommend, What information from this week's content or outside information can you cite to support your opinions?
Calculate the maturity value of the loan at the end : Allison borrowed $14,000 at an interest rate of 0.70% p.m. for 3 months. Calculate the maturity value of the loan at the end of the period
Describe the role and relationship of governments : Describe the role and relationship of governments, volunteer agencies, enterprises (employers), private sectors healthcare providers, and the public in the macr

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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