What will be the balance in account when goes to withdraw

Assignment Help Financial Accounting
Reference no: EM132929477

Problem 1: Let's say Karrin opens up an account with Vanguard Investments in a stock-mutual fund. The fund is attractive to her because it promises 7.62% return for the life of the account. Karrin plans to deposit $7,000 dollars a year, beginning one year from today for the next twenty years. What will be the balance in her account when she goes to withdraw in twenty years.

a. 307,163.98
b. 306,210.55 Future Value of an Annuity (ordinary annuity)
c. 305,323.31
d 304,311.10

Reference no: EM132929477

Questions Cloud

Find what the firm net income is : Find what the firm Net Income is? A firm has net sales of $15,000,000, Cost of Goods Sold $3,000,000, Depreciation Expense of $500,000.
Calculate the growth rate over the period : A family premium was $895 in 2003. Ten years later in 2013, the same family insurance premium was $1,850. Calculate the growth rate over this period.
What is the interest factor of karrin : Karrin plans to deposit $7,000 dollars a year, beginning one year from today for the next twenty years. What is the interest factor.
Five government mandated benefits in philippines : Describe at least five government mandated benefits in Philippines. What are the specific advantages?
What will be the balance in account when goes to withdraw : Beginning one year from today for the next twenty years. What will be the balance in her account when she goes to withdraw in twenty years.
What will be the amount of the loan by bdo : Assume that Money Wang sells his bonds to BSP amounting to P50,000. From this, Money Wang receives a check awarded by BSP with the same amount.
What will be the balance in biagio account five years : The bank is offering to pay 5.25% interest for 5 years. What will be the balance in Biagio's account five years from today. Compounded semi-annually.
About theories and perspectives on crime causation : Consider what you learned about theories and perspectives on crime causation.
Calculate monthly payments on the five year loan : Calculate monthly payments on this 5 year loan. Ganley Ford offers to sell your company a new Lincoln Navigator at factory list price.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Create amortization table for this installment note

On December 31, 2020, KEC Environmental Corp, Create Amortization table for this Installment note. Calculate the size of each of the four equal payments

  Calculate the predetermined overhead rate for 2012

Calculate the predetermined overhead rate for 2012, assuming Deglman Manufacturing estimates total manufacturing overhead costs of $980,000, direct labor costs of $700,000, and direct labor hours of 20,000 for the year.

  Which of the two bonds have the highest price

Which of the two bonds have the highest price? Verify your answer by calculating the prices and explain the reason behind the difference.

  How much is the total inclusion in gross income subject

Dividend Income from a Domestic Corporation, P9,000; and Interest on Deposits, P6,800. How much is the total inclusion in gross income subject to regular tax?

  How much should be recorded as the cost of the land

How much should be recorded as the cost of the land? February 1, 2018, Salisbury Company purchased land for the future factory location at a cost of $82,000

  What is the company cost of preferred stock for use wacc

It would incur a flotation cost of 4.00% of the price paid by investors. What is the company's cost of preferred stock for use in calculating the WACC?

  What is an internal control walkthrough

Explain the difference in the purposes of these two types of separation of duties. The separation of operational responsibility from record keeping is meant.

  How can these deficiencies be rectified

Should penalties for breaches of the financial reporting requirements of the Corporations Act be increased? Discuss or explain.

  What is the size of his yearly payments

Jerry wants to save up $16000 so he can buy a new truck in 8 years. If he can earn j1=2.5% on his money, what is the size of his yearly payments

  Reserve for unexpired risks

Reserve for unexpired risks as at 30 June 2006 is to be maintained at 50% of the respective net earned premiums for both the fire and motor businesses. Depreciation on motor vehicles and equipment is to be provided using the reducing balance method a..

  What is the most important risk in investing in financial

The media and (or) government officials influence an investor's risk tolerance. Provide an example or evidence to support your position.

  How has perception of accounting changed

What is one or more skills you learned or some specific content knowledge that you think you will remember six months from now?

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