What would be the third year future value

Assignment Help Financial Accounting
Reference no: EM132747545

Questions -

1. How much would be in your savings account in 11 years after depositing $150 today, if the bank pays 7% per year?

2. A deposit of $350 earns the following interest rates: (a) 8% in the first year, (b) 6 in the second year, and (c) 5.5 in the third year. What would be the third year future value?

3. Compute the present value of an $850 payment made in 10 years when the discount rate is 12%.

4. What annual rate of return is earned on a $5,000 investment when it grows to $9,500 in five years?

5. What is the rate of interest if your money doubles every 6 years? This is also known as Rule of 72.

6. Given the same annual interest rate, would you rather have a savings account that paid interest compounded on a monthly basis, or one that compounded interest on an annual basis? Perform the calculation to support your answer.

Reference no: EM132747545

Questions Cloud

Value-Added Component in ERM Programs : What represents the key performance indicators of the ERM program? What represents the key risk indicators of the ERM program?
Identify snps associated with crohn disease : Explain how you could use DNA microarray to conduct a genome-wide association study to identify SNPs associated with Crohn's disease.
Evaluate the training outcomes using the jit model : Evaluate the training outcomes using the JIT model. Be sure to include three lines for each step of the model. Define each component
Viral gene therapy strategy for a monogenetic disease : Explain at least three major factors you need to consider when developing a viral gene therapy strategy for a monogenetic disease.
What would be the third year future value : A deposit of $350 earns the following interest rates: (a) 8% in the first year, What would be the third year future value
Name the functional area of human resources : Name the functional area of human resources that the position supports. Explain why this function of human resource management appeals to you.
How long does it take our eyes to fully adapt to darkness : How did evolution ever lead ostriches to hide their head in the sand when an enemy approaches?
Estimate the cash flows for the program : Estimate the cash flows for the program if Kelce uses Firm Green and if Kelce uses Firm Blue and then calculate the following for both
Make a graphic organizer using the same format : Make a graphic organizer using the same format that you choose for Entry 1 and clearly indicates each of the events of the cell cycle including interphase

Reviews

Write a Review

Financial Accounting Questions & Answers

  Calculate the amount of expense recognized in july

Calculate the amount of expense recognized in July under cash-basis accounting and recognized in July under accrual-basis accounting.

  Calculate the retained earnings balance at february

Calculate retained earnings On February 1, 2013, the balance of the retained earnings account of Blue Power Corporation. Calculate the retained earnings balance at February 28, 2013.

  How is equity a residual claim

Use a pie chart to illustrate the sources that comprise a hypothetical company's total value. Using another pie chart, show the claims on a company's value.

  What content of rich data should be personalized

In relation to marketing analytic, what content of Rich Data should be personalized, at which level of granularity, and at what frequency?

  What amount of pension expense is recognized on gidget

What amount of pension expense is recognized on Gidget's 20X1 income statement?Gidget Corp. has a defined benefit pension plan for its employees

  How to calculate earnings per share and net profit margin

Depreciation R25 000. Use the information provided to calculate the earnings per share (EPS) and the net profit margin. show all calculations.

  Which statements is true with regards to investment property

Which of the statements is true with regards to an investment property?An investment property generates cash flows largely independently

  Prepare ledger accounts of data on december

Prepare ledger accounts of data on December 31. On November 01, 2016 the company paid $21900 rent through January 31, 2017.

  How much of the dividends go to the common? stockholders

Mathelsea Corporation has 12,000 shares of 77?%,$15 par cumulative preferred stock and 48,000 shares of common stock outstanding. Mathelsea declared no dividends in 2015 and had no dividends in arrears prior to 2015. In 2016?,Mathelsea declares a tot..

  Bard manufacturing uses a job order cost accounting system

Bard Manufacturing uses a job order cost accounting system

  What is the before-tax present worth of the extruder

The XYZ Corporation is planning to purchase an extruder. The purchase price of the extruder is 5350,000. XYZ plans to make a down payment of 25% of the first cost of the extruder and to make a 7 year, 10%, yearly payment loan for the rest of the firs..

  Explain the weightages

Weight the individual capital source costs by their percentage in the company's total capital structure. Explain your weightages.

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