What was the annual compound rate of return on account

Reference no: EM131795350

Question: If you put $2,400 into an account at the end of each year for the next 10 years, and at the end of 10 years you have $84,567 in your account, what was the annual compound rate of return on your account? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131795350

Questions Cloud

What is the balance in the inventory account : What is the balance in the inventory account at the end of March assuming no additional sales if Rosierre utilizes the FIFO inventory method?

Taxation of corporate income mean : What does double taxation of corporate income mean? Could income ever be subject to triple taxation? Explain your answer.

Which is valid interpretations of his findings : A medical researcher tests this claim with 233 arthritis sufferers randomly assigned either to wear a magnetized bracelet or to wear a placebo bracelet.

Special equipment has no resale value or alternative use : Rama Corp makes machines used at golf courses. One of the parts in their machine is Part #G25 that they currently make at their factory

What was the annual compound rate of return on account : If you put $2,400 into an account at the end of each year for the next 10 years, and at the end of 10 years you have $84,567 in your account.

What is the expected postretirement benefit obligation : Classified Electronics has an unfunded retiree health care plan. What is the expected postretirement benefit obligation at the end of 2011

What do you understand by the concept of conservatism : What do you understand by the concept of conservatism? Why is it also called the concept of prudence?

Comfortable life in retirement : With future inflation, Collin estimates that he will require around $2000000 at age 65 to ensure that he will have a comfortable life in retirement.

Which figures on income statement would you expect to change : Which figures on the income statement would you expect to change, and by what percentage would they change? Which figures would remain the same as in April?

User Account

All Pages