What is the future value of $100 invested at the beginning of every month for 25 years
Question:
a. 6% compounded monthly?
b. 8% compounded monthly?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
a Given PMT ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Why does allocating an array of length \(n\) take time proportional to \(n\) ?
-
1. Suppose that R and C play a game by matching coins. On each play, C pays R the number of heads shown (0, 1, or 2) minus twice the number of tails shown. 2. In the children's game Scissors Paper...
-
Now suppose that Sun Farms sells its operations to Happy Valley Farms. As a part of the sale, all three parties agree that Happy Valley will provide the basil as stated under the original contract....
-
What is the future value of $100 invested at the beginning of every month for 25 years if the investments earn: a. 6% compounded monthly? b. 8% compounded monthly?
-
M&M Lamont Corp, uses no debt. The weighted average cost of capital is 11 percent. If the current market value of the equity is $25 million and there are no taxes, what is EBIT?
-
You have the following portfolio of stocks with their corresponding betas: \ table [ [ Stock , Investment,Beta ] , [ A , $ 3 2 , 0 0 0 , 0 . 6 ] , [ B , $ 1 6 8 , 0 0 0 , 3 . 5 ] ] a . What is the...
-
Quarterly contributions of $1000 will be made to an RESP for 15 years. Assuming that the investments within the plan grow at 8% compounded quarterly, how much will the TFSA be worth after 15 years if...
-
Svetlana intends to invest $1000 at the beginning of every six months. If the investments earn 7% compounded semiannually, what will her investments be worth (rounded to the nearest dollar) after: a....
-
If the market rate of the bond at the time of issuance is greater than the face rate, a. the bonds will be issued at a premium. b. the bonds will be issued at a discount. c. a gain will occur. d. a...
-
Question 1 Draw a sketch depicting the same charges: Q1, Q2 and Q3. Include the appropriate labels for the sign of each charge and place an asterisk on Q3. Draw arrows on the sketch to show: 1) The...
-
Suppose you are a project manager of a power plant project, and there is a penalty in your contract with the main client for every day you deliver the project late. You must decide which...
-
Knowledge Check Contad YO Secarty Deation ? Click on the Bloomberg screen to look at the ESG profile for entertainment and media company Disney. As of the date this screen was captured, which of the...
-
The partnership of Wing, Mehta, Rodgers, and Yan was formed several years ago as a local architectural firm. Several partners have recently undergone personal financial problems and have decided to...
-
2. Let y = (Y11, Y23, Y12, y21). Let j = (1,1,1,1)", i = (1,1,1,0), i = (0,0,0,1)". Define the following vector spaces: V = L(14), V = L(i, i2), V = Von V (Note: Pay special attention to subscripts...
-
Prove that lim x a x = a if a > 0.
-
Diamond Walker sells homemade knit scarves for $25 each at local craft shows. Her contribution margin ratio is 60%. Currently, the craft show entrance fees cost Diamond $1,500 per year. The craft...
-
The following represents selected information taken from a companys aging schedule to estimate uncollectible accounts receivable at year end. Instructions (a) Calculate the total estimated bad debts...
-
At December 31, 2010, the trial balance of Liquid Snake Company contained the following amounts before adjustment. Instructions(a) Prepare the adjusting entry at December 31, 2010, to record bad...
-
Marty Co. closes its books monthly. On June 30, selected ledger account balances are: Notes Receivable... $57,000 Interest Receivable 420 Notes Receivable include the following. During July, the...
-
Avocado Company has an operating income of $115,600 on revenues of $1,079,000. Average invested assets are $578,000, and Avocado Company has an 12% cost of capital. What is the profit margin? (Round...
-
Next Page Question 3 (1 point) The following is select information for Real Co. during 20x6: Land Common shares 20x6 21,552 46,887 20x5 5,469 7,759 Page 3 of 5 The increase in the Land account was...
-
8 A company buys an oil rig for $3,000,000 on January 1, 2020. The life of the rig is 10 years and the expected cost to dismantle the rig at the end of 10 years is $600,000 (present v is $231,330)....
Study smarter with the SolutionInn App