What was the amount of withdrawal when he turned

Assignment Help Financial Management

Reference no: EM131445559

Uriah Heap celebrated his 18th birthday by opening a savings account at the Thames River Bank and depositing $2, 500. He continued to deposit the same amount on every subsequent birthday until he was 31 years old. After depositing $2, 500 on his 31st birthday Uriah decided to abandon his savings plan. He never saved again, but he left the accumulated savings in the bank account. The bank paid an interest rate of 14%. When Uriah turned 65, he withdrew the money from the bank. What was the amount of his withdrawal?

What was the amount of Uriah's withdrawal when he turned 65?

Reference no: EM131445559

Questions Cloud

Impact of the affordable care act on the US : There are mixed views on the impact of the Affordable Care Act on the U.S. Health Care System and access to affordable care for Americans

Applicable legal principles and citing relevant authorities : Ben is claiming that Mojo Beverage owes him $100,000 - Advise Mojo Beverage, explaining applicable legal principles and citing relevant authorities.

Solve the game to find the best strategies : Drug runners can use three possible methods for running drugs through Florida: small plane, main highway, or backroads. The cops know this, but they can only patrol one of these methods at a time.

Do you think consumers should be concerned : Do you think consumers should be concerned? In your opinion, do the potential marketing benefits of CRM* databases exceed the potential downsides - or not?

What was the amount of withdrawal when he turned : Uriah Heap celebrated his 18th birthday by opening a savings account at the Thames River Bank and depositing $2, 500. He continued to deposit the same amount on every subsequent birthday until he was 31 years old. What was the amount of Uriah's withd..

Discuss each violation of twitter best practices : Discuss each violation of Twitter best practices, or summarize in general why these tweets are potentially damaging to their authors. How could the Twitter users have handled their grievances more professionally?

Minimizes the total number of dealers required : Find the employee schedule that minimizes the total number of dealers required, meeting the minimum level of each shift's requirements.

What is the largest section of the cpt coding manual : Use you CPT coding manual to answer the following questions. Type your answers to the questions in the spaces provided below. What is the largest section of the CPT coding manual? What is the code range for removal of skin tags in the CPT coding manu..

Compare your initial knowledge of the cqi process : Discuss two of the roles listed above and their role in the delivery of quality care. Identify two professional responsibilities of the chosen roles, and link them to the quality improvement process of improving patient wait times in the Emergency..

User Account

All Pages