Assume that a $10,000 investment can earn 4% compounded quarterly. What will be its future value a.
Question:
Assume that a $10,000 investment can earn 4% compounded quarterly. What will be its future value
a. After 15 years?
b. After 20 years?
c. After 25 years?
d. After 30 years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 88% (9 reviews)
In all parts o...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
Question Posted:
Students also viewed these Mathematics questions
-
Assume that a $10,000 investment can earn 8% compounded quarterly. What will be its future value after: a. 15 years? b. 20 years? c. 25 years? d. 30 years?
-
1. A stock sells at $15 per share. (a) What is the EPS for the company if it has a P/E ratio of 20? (b) If the companys dividend yield is 3 percent, what is its dividend per share? (c) What is the...
-
What will your portfolio be worth in 10 years? In 20 years? When can you stop working? The Human Resources Department at Four Corners Corporation was asked to develop a financial planning model that...
-
When a manager greets department visitors or attends ceremonies, he or she is playing the role of: Figurehead Conceptual Empowerment Productivity
-
In problem 5-1-26 [OSU], determine the minimum average value of the boundary temperature for which the second law is not violated. In Problem 5-1-26 A mass of 10 kg of saturated water vapor at 300...
-
The homogeneous circular cone shown has a mass m. Determine the moment of inertia of the cone with respect to the line joining the origin O and point A.
-
Explain the limitation on the carrying value of deferred income tax assets.
-
During Denton Companys first two years of operations, the company reported absorption costing net operating income as follows: The companys $34 unit product cost is computed as follows: Direct...
-
Ch07 Exercises & Problems : Question 2 . 6 Chrome File Edit View History Bookmarks Profiles Tab Window Help 9 @J 6 L >3 -. '3" Q 8 TueApr411:15AM r 1 . ~ . 0 6:3 Dashboard X m Que...
-
Fred puts $5,475 into a term deposit on May 15th. The deposit earns a simple interest rate of 4%. If the term deposit will mature on August 14th, how much interest will Fred earn?
-
Patrice defaulted on payments of $1000 due one year ago and $1500 due six months ago. A Small Claims Court orders her to make three payments-$800 one month from now, $900 four months from now, and a...
-
Calculate the compounding frequency for a nominal rate of 3.3% if the periodic rate of interest is a. 0.825%. b. 1.65%. c. 0.275%.
-
A farmer collected the following data, which show crop yields for various amounts of fertilizer used. (a) Calculate the least-squares regression line for these data. (b) Plot the points and the...
-
Three critical roles (aspects) within the management feedback loop that determine whether management's strategy is implemented effectively are: Planning, Control and Feedback. Describe how and why...
-
Through the use of a video vlog, video advocacy or video snippet create a 5-minute advocacy campaign about your ideal government with the theme "Good governance towards a good government". Use the...
-
Identify one of the main advantages and two behavioural implications of the use of the following transfer pricing methods: a. Full Cost Based Transfer Price b. Negotiation Based Transfer Price...
-
This is a self-reflection activity. Respond to each of the following questions. 1). Pick two types of cognitive distortions. Define them and explain how you have used them at some point in your life....
-
People can often get the same procedures done in other countries as in the U.S., but at a fraction of the cost. So, what's the difference? How is it so much cheaper in other countries? And, how does...
-
1. Suppose that there is a white urn containing two white balls and one red ball and there is a red urn containing one white ball and three red balls. An experiment consists of selecting at random a...
-
Orange juice producers are dismayed and puzzled. An economist told them that the reason the demand for orange juice fell is that a new technology allow tomato producers to pick ripe tomatoes more...
-
Catherine Ruby, a doctoral student at New York University, conducted an online survey to ascertain the reasons that international students chose to attend graduate school in the United States. One of...
-
The General Social Survey in 2012 asked whether we should allow antireligious books in the library. Of the 3077 people who responded, 23% said they should be removed. Identify (a) The sample, (b) The...
-
The Voice of the People poll asks a random sample of citizens from different countries around the world their opinion about global issues. Included in the list of questions is whether they feel that...
-
The cost of materials for beginning work-in-process is $10,800. Materials costs added during the period were $131,200. The equivalent units of production for materials is 53,000 units. Using the...
-
sa senior debt-holder, which of these would be a high risk indicator and would require further investigation when monitoring financial statements? OA reduction in the total long-term liabilities. O...
-
Tax liability\ $ \ 105,630,000 \ Determine the firm's net income.\ Note: Enter your answer in dollars not in millions.\ Hint\ Net income\ 397,370,000 \ Determine the firm's average tax rate.\ Average...
Study smarter with the SolutionInn App