User Account

All Pages

What will kennedy balance be at end of seven years

Assignment Help Finance Basics
Reference no: EM132538614

Kennedy's Employers offer its workers a two months Paid sabbatical every seven Years. Kennedy, who just started working for the firm plans to spend his sabbatical touring Europe at an estimated cost of $ 25000. To Finance his trip, Kenneby Plans to make six (6) Annual end of year deposit of $2,500 each starting this year into an investment account earning 4% interest semi annualy.

(a) What will Kennedy's Balance be at end of Seven Years?

(b) If He increases his Annual Contribution to $3,150. How large will his account balance be at end of 7 Years?

Reference no: EM132538614

Questions Cloud

Capitalism is economic and political system : Capitalism is an economic and political system in which a country's trade and industry are controlled by private owners for profit,
Discuss the tax consequences arising from the disposal : With reference to the relevant legislation and case law, discuss the tax consequences arising from the disposal of the old machinery under the prime cost method
Concerning scenario analysis is correct : Which one of the following statements concerning scenario analysis is correct?
Prepare statement of corrected net profit : Journal entries to correct the errors. Prepare Statement of corrected net profit. The trial balance of S Juma, a sole trader, did not balance on 30 April 1995.
What will kennedy balance be at end of seven years : If He increases his Annual Contribution to $3,150. How large will his account balance be at end of 7 Years?
How do the surveys differ from each other : Create a short customer satisfaction surveys for the B2B and B2C customers of a company selling laptops or similar products. How do these surveys differ from.
Discuss Alexs net capital gain or net capital loss : Alex is a musician who is also interested in collecting old golden gramophones. Discuss Alexs net capital gain or net capital loss
Hofstede cultural typology and sovereignty : Analyze the key differences between a high-context and a low-context country.
What tax t should it set to achieve the social optimum : To correct the externality, the government decides to impose a tax of T per unit sold. What tax T should it set to achieve the social optimum?

Reviews

Write a Review

Finance Basics Questions & Answers

  Rise of the english enlightenment

According to the lecture in Week 1, which of the following was a factor in the rise of the English Enlightenment?

  Bonds-holding period yield

Your boss has again asked for your help. He needs to figure out the holding period yield on a candidate bond for inclusion in a pension bond portfolio and whether your company should purchase it.

  Finding the taxable equivalent yield on a municipal bond

What's the taxable equivalent yield on a municipal bond with a yield to maturity of 4.3 percent for an investor in the 28 percent marginal tax bracket?

  What will the customer be charged

A customer places 9 orders with a total direct cost of $2,800, orders 282 separate items, and makes 3 returns. What will the customer be charged?

  Organization initiative impact costs

Dell a leading computer technology organization has established a high ethical standard of doing business with customers, vendors, stakeholders, suppliers and shareholders.

  What is the pretax required return on gordon stock

Expected Return, Dividends, and Taxes. The Gecko Company and the Gordon Company are two firms whose business risk is the same but that have different dividend.

  What are the key determinants of value

What are the Key determinants of value, or value drivers, for Baidu?

  Terminal cash flow of the project

Calculate the Initial Investment of the project, and the Terminal Cash Flow of the project.

  How much could you withdraw at the beginning of each

Suppose you inherited $870,000 and invested it at 8.25% per year. How much could you withdraw at the beginning of each of the next 20 years?

  What is the annual cash flow amount for years

It then pays $25 at the end of each year for years 21-30. Interest rates are 7 percent. What is the annual cash flow amount for years 11-20?

  What role do financial markets play in our economy

What role do financial markets play in our economy? What are primary and secondary markets? What relationship exists between financial institutions and financial markets?

  Compute the net operating income for first year of operation

Using the given information, compute the net operating income (NOI) for the first year of operations. Include capital expenditures as an expense.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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