Anne Boleyn will invest $5,000 a year for 20 years in a fund that will earn 12%
Question:
Anne Boleyn will invest $5,000 a year for 20 years in a fund that will earn 12% annual interest. If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If the first payment occurs at year-end, what amount will be in the fund in 20 years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 91% (12 reviews)
First payment ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
Question Posted:
Students also viewed these Accounting questions
-
Sally Medavoy will invest $8,000 a year for 20 years in a fund that will earn 12% annual interest. If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If the...
-
Sally Medavoy will invest $8,000 a year for 20 years in a fund that will earn 6% annual interest. If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If the...
-
If you invest $100 a year for 20 years at 7% annual interest, how much will you have at the end of the 20th year?
-
1. Estimate the model Debt = 30 + 1lnc + 32Unemp + . Is unemployment significant at the 5% level? 2. You are told that the unemployment rate might have a quadratic influence on monthly debt payments....
-
In an interview on PBS about economic development in Africa, economist George Ayettey stated that of the 54 African countries, only 8 had a free press. For Africa's economic development, Ayittey...
-
Bunker Corp. has the following beginning-of-year present values for its accrued benefit obligation, and fair values for its pension plan assets: Accrued Benefit Plan Obligation Assets...
-
The Federal Aviation Administration (FAA) would like to determine if the average number of minutes that a plane departs late differs between airports in Philadelphia, Orlando, and Chicago. The...
-
The following are the selling price, variable costs, and contribution margin for one unit of each of Banner Companys three products: A, B, and C: Due to a strike in the plant of one of its...
-
Good Day Caf (GDC) is a public coffee shop chain with locations across North America. GDC was founded in 2006 by Jeff Good. His daughter, Jane, recently took over the company after getting her...
-
Draw an ERD for the following situation. (State any assumptions you believe you have to make in order to develop a complete diagram.) Also, draw a data model for this situation using the tool you...
-
Dan Webster will invest $10,000 today in a fund that earns 5% annual interest. How many years will it take for the fund to grow to $13,400?
-
William Cullen Bryant needs $200,000 in 10 years. How much must he invest at the end of each year, at 11% interest, to meet his needs?
-
Estimate costs. (Obj. 2). The cost accountant of San Diego Manufacturers has estimated the fixed costs for factory indirect labor to be $14,200 per month and the variable indirect labor cost to be...
-
1. The interest rate charged on a loan of $85,000 is 7.75% compounded annually. If the loan is to be paid off over seven years, calculate the size of the annual payments. 2. A $10,000 debt is repaid...
-
Referring to the NISSAN Navara 5L SE M/T, which is using Nissan YD25 engine, provide your analysis to the following questions: A. What will be the maximum power produced by this vehicle at the...
-
Convert each pair of rectangular coordinates to polar coordinates where r> 0 and 0 <2.
-
Please type your answers and submit them on Blackboard by the due time. AAA corp. had the following PP&E values on Dec. 31, 2018. Cost $ 100 Accumulated Depreciation $ 20 Undiscounted Future Cash...
-
Compute the standard deviation"sigma symbol"for ages of British nurses in 1851. Assume that the table below shows the age distribution of nurses in Great Britain in 1851. Round your answer to nearest...
-
Discuss SMEs potential strategic choices when going global
-
In Exercises delete part of the domain so that the function that remains is one-to-one. Find the inverse function of the remaining function and give the domain of the inverse function. f(x) = 16x4 -3...
-
(a) Using your knowledge of APES 110, identify and explain the potential type of threat to Chan and Partners independence in situations (1) and (2) above. (b) What action should Chan and Partners...
-
Your client took accounting a number of years ago and was unaware of comprehensive income reporting. He is not convinced that any accounting standards exist for comprehensive income. Instructions If...
-
The Z-score bankruptcy prediction model uses balance sheet and income information to arrive at a Z-Score, which can be used to predict financial distress: EBIT is earnings before interest and taxes....
-
Bradshaw Company experienced a loss that was deemed to be both unusual in nature and infrequent in occurrence. How should Bradshaw report this item in accordance with IFRS?
-
Selected comparative financial statement data for DAS inc. Balance Sheet (En milliers de dollars) 2017 2018 Assets Assets CT - Cash 41.63 47.5 - Accounts Receivable 64.2 72.6 - inventories 969.7...
-
please help!! One chance at turning in!!! 16 rows! I'd highly appreicate it I am unsure what information you need... I provided all Current Attempt in Progress Mike Greenberg opened Grouper Window...
-
Blue Ridge Marketing Inc. manufactures two products, A and B . Presently, the company uses a single plantwide factory overhead rate for allocating overhead to products. However, management is...
Study smarter with the SolutionInn App