What will be the amount in the fund on december

Assignment Help Accounting Basics
Reference no: EM132055609

Question - Hope Dearborn invests $40,000 on January 1, 2016, in a savings account that earns interest of 8% compounded semiannually. What will be the amount in the fund on December 31, 2021?

Reference no: EM132055609

Questions Cloud

What is the cost of common equity : Empire Electric Company (EEC) uses only debt and common equity. It can borrow unlimited amounts at an interest rate of rd = 10%.
What caused the great depression : How did Franklin Roosevelt and the American people react to the rise of fascism and militarism in Europe and Asia?
Estimating company cost of capital requires : Estimating a company's cost of capital requires. What is the dollar amount of your investment in Stock D?
What is the required rate of return of the common stock : The common stock has a market value of $50 per share with 100,000,000 shares outstanding. If the growth rate is 6% per annum and the earnings are $ 4 per share.
What will be the amount in the fund on december : Hope Dearborn invests $40,000 on January 1, 2016, What will be the amount in the fund on December 31, 2021
Find the npv of the facility-is it economically feasible : Assume that the expected operating profit is $10 mln a year. Find the NPV of the facility. Is it economically feasible?
Bacterial concentration in the original : What was the bacterial concentration (per mL) in the original, undiluted suspension?
Why did some americans object to wilsons fourteen points : Do you think World War One represented a significant turning-point in United States' approach to foreign intervention? Why or why not?
What would be the cost of new equity : Cost of Common Equity with Flotation Banyan Co.'s common stock currently sells for $47.50 per share. The growth rate is a constant 10.4%, and the company.

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.

  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!

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