Sara Shouppe has invested $100,000 in an account at her local bank. The bank will pay her
Question:
Sara Shouppe has invested $100,000 in an account at her local bank. The bank will pay her a constant amount each year for 6 years, starting one year from today, and the account's balance will be 0 at the end of the sixth year. If the bank has promised Ms. Shouppe a 10% return, how much will they have to pay him each year?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (16 reviews)
Let the amount payable is x Now the amo...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Corporate Finance questions
-
In 2006, Arnold Diaz was a bright, upcoming audit manager in the South Florida office of a national public accounting firm. He was an excellent technician and a good "people person." Arnold also was...
-
In 2008, Arnold Diaz was a bright, upcoming audit manager in the South Florida office of a national public accounting firm. He was an excellent technician and a good people person. Arnold also was...
-
Each year you invest $2,000 in an account that earns 5 percent annually. How long will it take for you to accumulate $50,000?
-
Refer to the adjusted trial balance for Romney's Marketing Company in M4-8. Prepare the closing entry at the end of the current year. M4-8 Romney's Marketing Company has the following adjusted trial...
-
Steam at 40°C condenses on the outside of a 5-mlong, 3-cm-diameter thin horizontal copper tube by cooling water that enters the tube at 25°C at an average velocity of 2 m/s and leaves at...
-
In a survey of 703 randomly selected workers, 429 got their jobs through networking (based on data from Taylor Nelson Sofres Research). a. Use the sample data with a 0.05 significance level to test...
-
For Murrays Cheese, personal selling is the driving force behind its success. The business has retail sales of $ 2,500 per square foot and a growth rate of 15 to 20 percent per year at its main store...
-
Sally wants to purchase a Burger Barn franchise. She can buy one for $ 750,000. Burger Barn headquarters provides the following information: Estimated annual cash revenues $ 420,000 Typical annual...
-
Two circles are concentric if they have the same center. 10 y 9 8 CO 7 6 5 Which equation represents a circle that is concentric with the circle shown but has a radius that is twice a large? O...
-
The Coca-Cola Company is a global soft drink beverage company (ticker symbol = KO) that is a primary and direct competitor with Starbucks. The data in Exhibits 12.14 to 12.16 (pages 806-809) include...
-
You have an opportunity to buy a $1,000 bond which matures in 10 years. The bond pays $30 every six months. The current market interest rate is 7%. What is the most you would be willing to pay for...
-
Simon Fixtures Corp. is expected to pay $2.00 per share in dividends at the end of the next 12 months. The growth rate in dividends is expected to be constant at 8% per year. If the stock is selling...
-
A tiny spherical balloon is inserted into a clogged artery and is inflated at the rate of 0.002 mm 3 /min. How fast is the radius of the balloon growing when the radius is R = 0.005 mm?
-
You designed your marketing plan assuming all of your team are Certified Financial Planners and also hold their license to sell insurance and investments, The Government just passed a law that...
-
Starting from rest, a proton accelerates in a field uniform electrical 600 N/C. At a later time, its speed is 1.50*10^6 m/s. a. Find the acceleration of the proton. b. In what time interval does the...
-
Complete the table using these values. A 1 Fresh Fruit Case 2 3 Unit Conversions 4 Pounds / Bag = Pounds / Box 5 Boxes / Pallet 6 Pounds/Pallet 7 Pallets / Container 8 Boxes / Container 9 Pounds /...
-
Referring to the SMART acronym specific, measurable, achievable, relevant, and time bound (S.M.A.R.T. goals). How can one make themselves more prepared, manage their time be better prepared and set...
-
If the angle between two lines is and slope of one of the line is 1/2- find the slope of the other line.
-
Modify the TimeSpan class from Chapter 8 to include a compareTo method that compares time spans by their length. A time span that represents a shorter amount of time is considered to be less than one...
-
Write a paper about medication error system 2016.
-
Suppose the random variable X has a geometric distribution with p _ 0.5. Determine the following probabilities: (a) P(X = 1) (b) P(X =4) (c) P(X =8) (d) P(X < 2) (e) P(X =2)
-
Suppose the random variable X has a geometric distribution with a mean of 2.5. Determine the following probabilities: (a) P(X = 1) (b) P(X =4) (c) P(X =5) (d) P(X < 3) (e) P(X =3)
-
The probability of a successful optical alignment in the assembly of an optical data storage product is 0.8. Assume the trials are independent. (a) What is the probability that the first successful...
-
Pine Corporation has sales revenue of $530,000 resulting in net operating income of $73,140. Average invested assets total $688,000. Residual income is $27,000. Calculate the new residual income if...
-
Your Corporation started a consulting business on January 1, 2019 by issuing $7,000 of common stock. What was net cash flow from operating activities? Provided services on account, $25,000. Incurred...
-
Investing activities do not include the: Multiple Choice Issuance of common stock. Sale of investments. Purchase of plant assets. Loaning of money in exchange for notes receivable. Sale of plant...
Study smarter with the SolutionInn App