What was the rate of return on the funds

Assignment Help Finance Basics
Reference no: EM13263827

Your grandmother put $35,000 aside for you 13 years ago. Today, the account is worth $76,432.16. Assuming the money was invested with a daily compounding, what was the rate of return on the funds your grandmother saved?

Reference no: EM13263827

Questions Cloud

Write general form of natural response for capacitor voltage : Consider a source-free parallel RLC circuit having alpha =10^8 s^-1, omega-sub-zero = 10^3 rad/s, and omega-sub-zero * L = 5 ohm. a) Show that the stated units of omega-sub-zero * L are correct. b) Compute s_1and s_2.
What is sorenson expected stock price : Sorenson Corp.'s expected year-end dividend is D = $4.00, its required return is r = 11.00%, its dividend yield is 6.00%, and its growth rate is expected to be constant in the future. What is Sorenson's expected stock price in 7 years, i.e., what ..
Calculate the mass of neptune : The planet Neptune has a satellite, Proteus, which travels in an orbit 1.180*10^8 m with a period of 1.12 days. Calculate the mass of Neptune
Calculate and display the volume of a cylinder : Your program should prompt the user to input the radius and height. The program should output the result with three digits after the decimal point. The output should include some explanatory text.
What was the rate of return on the funds : Your grandmother put $35,000 aside for you 13 years ago. Today, the account is worth $76,432.16. Assuming the money was invested with a daily compounding, what was the rate of return on the funds your grandmother saved?
What is the return on equity : High Mountain Foods has an equity multiplier of 1.55, an asset utilization rate of 1.1', and a profit margin of 7.5%. What is the return on equity?
Which is the effective annual rate : Your auto finance company is quoting you an Annual Percentage Rate (APR) of 8%. You are borrowing $45,000 and the payment is $845 per month. You will make monthly payments. Which is the Effective Annual Rate (EAR)?
Calculate the npv of each choice : The opportunity cost of capital is 10.3 percent. Calculate the NPV of each choice and suggest when should Predator sell the company?
Should business be concerned about more than profit : Should business be concerned about more than profit?

Reviews

Write a Review

Finance Basics Questions & Answers

  Determine the rate of return

Determine the rate of return you would earn if you paid $950 for a perpetuity that pays $85 each year?

  Calculate the ratios on the worksheet

Select any publicly traded company that their financials are published on the SEC website. For the purpose of this assignment we have selected Kirkland's Corporation Kirkland is specialty retailer of home decor in the US,

  Sales, assets and financial leverage

This year Andrews achieved an ROE of 18.4%. Suppose next year the profit margin (Net Income/Sales) decreases. Assuming sales, assets and financial leverage remain the same next year, what effect would you expect this action to have on Andrews's ROE?

  What is the weighted average cost of capital

What are some economic conditions (including international aspects) that affect the cost of money?

  Explain effect of risk free rate on cost of equity and debt

Explain Effect of risk free rate on cost of equity and debt and Assume that the risk-free rate increases

  What is meant by capital structure

What is meant by capital structure? What metrics can be used to assess improvement or deterioration in the capital structure?

  Diversification of stock portfolio

Suppose the following two, completely separate, economies. The expected and volatility of all stocks in both economies is the same.

  Determine new funds needed to finance the growth

Owen's Electronics has 90 operating plants in seven southwestern states. Sales for last year were $100 million, and balance sheet at year end is same in % of sales to that of previous years.

  Determine the value of these bonds

The State of Adaven issued $50 million of perpetual bonds in 1990. The bonds were issued in $1000 denominations with an annual coupon interest rate of 5%. Determine the value of these bonds today to an investor who requires a 10% return on his inv..

  Sell new shares of stock to the general public

material information related to this issue of stock and what is the name associated with this

  Prepare entries in journal to record transactions

On January 2, 20x7, the Healey Corporation made several long-term investments in the voting stock of various companies. It buy 10,000 shares of Zima at $4.00 a share.

  Forecasting the stock price

Cass Corporation stock today for $75.00. You forecast no dividend payment this year but two years from today, you expect a $10 dividend. You plan to sell stock immediately after receiving dividend.

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd