If $200 is deposited in a savings account at the beginning of each of 15 years, and

Question:

If $200 is deposited in a savings account at the beginning of each of 15 years, and the account draws interest at 7% per year, how much will be in the account at the end of 15 years?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Engineering Economics Analysis

ISBN: 9780195168075

9th Edition

Authors: Ted G. Feller

See More Books

Question Posted: Mar 01, 2010 02:57 AM

See More Questions

If $500 is deposited in a savings account at the beginning of each year for 15 years and the account earns 7% interest compounded annually, what will be the balance on the account the end of the 15...
If $800 is deposited in a savings account that pays an interest rate of 5 percent annually, how much money will be in the account after 15 years?
How much will $1,000 deposited in a savings account earning a compound annual interest rate of 6 percent be worth at the end of the following number of years? a. 3 years b. 5 years c. 10 years
The best or alpha project managers spend more time on every process group than other project managers except for which one? A. initiating B. planning C. executing D. monitoring and controlling
Use the Quadratic Formula to solve the quadratic equation? 1. x2 2x + 10 = 0 2. x2 + 6x + 34 = 0 3. 4x2 + 4x + 7 = 0 4. 6x2 + 3x + 27 = 0
Days sales outstanding-Baker Bros has a DSO of 40 days, and its annual sales are $7,300,000. What is its accounts receivable balance? Assume it uses a 365-day year.
Do you evaluate your big decisions regularly? How? Name a few reasons that might cause you to reevaluate one of these big decisions.(p. 208)
Edward Johnson III, the CEO and principal owner of the worlds largest mutual fund company, Fidelity Investments, Inc., was a longtime tennis buddy of Richard Larson. In 1995, Johnson asked Larson,...
QUESTION 1 ( 1 2 Marks ) Study the information provided below and answer the following questions. Laxson Manufacturers ( L M ) is a manufacturing company which produces a range of products. LM has...
In 1913, how long did the average worker stay with the plant? What was the average tenure of a worker? Assume the one-millionth vehicle was produced in 1916 at a cost of $8084 (in 2013 US$). By how...
Derive an equation to find the end of year future sum F that is equivalent to a series of n beginning-of-year payments B at interest rate i. Then use the equation to determine the future sum F...
A company deposits $2000 in a bank at the end of every year for 10 years. The company makes no deposits during the subsequent 5 years. If ~e bank pays 8% interest, how much would be in the account at...
Why is it important that all steps in each process generate a document that is stored in the ERP system?
Indicate whether each of the following types of transactions will either (a) increase stockholders' equity or (b) decrease stockholders' equity: 1. expenses 2. revenues 3. stockholders' investments...
The following selected transactions were completed by Lindbergh Delivery Service during October: 1. Received cash from issuing capital stock, $$75,000$. 2. Paid rent for October, $$4,200$. 3....
Murray Kiser operates his own catering service. Summary financial data for February are presented in equation form as follows. Each line designated by a number indicates the effect of a transaction...
A. Given that y = e 2x + 1 complete the table of values of y corresponding to x = 0.5, 1 and 1.5. B. Use the trapezium rule, with all the values of y in the completed table, to obtain an estimate for...
Draw a schematic using NFETs and PFETs for a restoring logic gate that implements the function = 0 if zero or two of inputs cba are true. Assume that all inputs and their complements are available.
Is steak your favorite barbeque food? July is National Grilling Month in the United States. A Harris Poll reported on a survey of Americans grilling preferences. When asked about their favorite food...
You have just begun your summer internship at Omni Instruments. The company supplies sterilized surgical instruments for physicians. To expand sales, Omni is considering paying a commission to its...
Some corporate social responsibility initiatives of CSR Limited were outlined earlier in the chapter. Interestingly, in its annual Corporate Sustainability Report it also lists direct and indirect...
Stan-Rite Corp of Manitowoc, Wisconsin, is a B to B company that manufactures many types of industrial products, including portable measuring arms with absolute encoders, designed to perform 3D...
Julie received a $50 bill for her birthday at the end of January. At the end of February, she spent this $50 and an additional $150 to buy clothes. Her parents then gave her $50 and $125 at the end...
Veggie Burger Boy sells franchises to individuals who want to start small in the sandwiches-for-vegeterians business and grow in net cash flow over the years. A franchisee in Mississippi provided the...
A company is evaluating a new 4-year project. The equipment necessary for the project will cost $3,300,000 and can be sold for $650,000 at the end of the project. The asset is in the 5-year MACRS...
You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company...
I need to see where the calculations for this problem come from plz. 5. Award: 4.00 points Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement...

If $200 is deposited in a savings account at the beginning of each of 15 years, and

Question:

Step by Step Answer:

F 200 FA i n 200 FA 7 15 200 ...View the full answer

Engineering Economics Analysis

Students also viewed these Economics questions