What would be the future value of this reduced spending

Assignment Help Finance Basics
Reference no: EM131485849

Question: 1. Brenda plans to reduce her spending by $50 a month. What would be the future value of this reduced spending over the next 10 years? (Assume an annual deposit to her savings account, and an annual interest rate of 3 percent.)

2. Kara George received a $5,000 gift for graduation from her uncle. If she deposits this in an account paying 3 percent, what will be the value of this gift in 12 years?

Reference no: EM131485849

Questions Cloud

Define and explain the term strategic alliances : Define and explain the term Strategic Alliances? Why do firms enter strategic aliances?
Cease farming operations and liquidate his holdings : Barnes, the owner and operator of Blackacre, decided to cease farming operations and liquidate his holdings
What budget item might the westons consider reducing to cope : Ed Weston recently lost his job. Before unemployment occurred, the Weston household (Ed; wife, Alice; two children, ages 12 and 9) had a monthly take-home.
Describe the company as a potential employer : Apply motivational theory and performance management principles to evaluate the company as a potential employer.
What would be the future value of this reduced spending : 1. Brenda plans to reduce her spending by $50 a month. What would be the future value of this reduced spending over the next 10 years?
Average number of callers who are in call center system : What is the average number of callers who are in the call center system.
Describe additional actions for the constantine family : ADJUSTING THE BUDGET Case in Point In a recent month, the Constantine family had a budget deficit, which is something they want to avoid so they do not have.
Whose apprentice removed the stone and refused to return : A chimmney sweep found a jewel and took it to a goldsmith, whose apprentice removed the stone and refused to return it. The chimney sweep sues the goldsmith.
Define and explain the term governing strategic alliances : Define and explain the term Governing Strategic Alliances? Define and explain the term Alliance Management Capability?

Reviews

Write a Review

Finance Basics Questions & Answers

  Why is it important to improve the quality of accounting

why is it important to improve the quality of accounting

  Describe the effect on the economy during election years

In the past, some people believed that the Federal Reserve routinely expanded the money supply during presidential election years in order to stimulate.

  European call options on the stock xyz with exercise price

European call options on the stock XYZ with an exercise price of $35 and maturity of6-months are currently selling for $4. XYZ does not pay any dividends. European putoptions with the same maturity and exercise price are selling for 67¢. You wo..

  Why can asset allocation be expensive

Asset Allocation Costs. Why can asset allocation be expensive? How can you reduce the costs?

  What is a subprime mortgage

What is a subprime mortgage? - Why do you think the increase in house prices during the 2000 to 2007 period is referred to as a bubble?

  Is the tax deductible

What is the toatl dollar call premium required to call the old issue? Is the tax deductible? What is the net after-tax cost of the call?

  Analyze the public budget cycle in a government agency

Develop a four- to five-page paper in which you analyze the Public Budget Cycle in a government agency of your choice. Be sure to include each of the phases of the budget cycle and address how each relates to the overall organizational mission of ..

  Could the subprime crisis have been averted

The "subprime crises" was one of the most significant financial events since the Great Depression. Eight years later the question still remains, could the subprime crisis have been averted?

  Medieval universities differ from universities today

Medieval Universities differ from universities today? See Jacques de Vitry's description of medieval students for one scholar's description of students in medieval universities.

  Find and explain various goals of financial analysis

Find and explain various goals of financial analysis for effective strategic formulation. Explain why high inventory turnover with lower priced goods can generate more profits?

  Students will analyze and synthesize the financial reports

students will analyze and synthesize the financial reports of an organization of their choice and present their

  What growth rate in dividends must be expected

Common stock is currently selling for $40 per share, is expected to pay $2.00 dividend in the coming year. If investors believe that the expect rate of return is 14%, what growth rate in dividends must be expected?

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