Carolann and Tyler deposit ($ 8,500) in an account bearing (5.5 %) interest compounded yearly. If they
Question:
Carolann and Tyler deposit \(\$ 8,500\) in an account bearing \(5.5 \%\) interest compounded yearly. If they do not deposit any more money in that account, how much will be in the account after 15 years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
. The data available to the Village management team also include information about whether a customer has been at the cinema before and which movie screening they are attending, movie "A" ...
-
You deposit $2000 in an account earning 6% interest compounded continuously. How much will you have in the account in 15 years? Round your answer to the nearest cent. 2. Suppose you want to have...
-
1 If you deposit $16000 in a savings account at 3.3% interest per year, how much will you have in 37 years? (Answer to the nearest dollar) 5.00000 points QUESTION 2 How much money would you need to...
-
Do you think firms rely too much on internal funds? Would it be better if they had to go back to shareholders when they needed cash?
-
What creative trends in ads have emerged in the period from 2001 to the present?
-
Suppose that in place of the S&P 500, you wanted to use a broader market portfolio of all U.S. stocks and bonds as the market proxy. Could you use the same estimate for the market risk premium when...
-
Create a Windows Forms application. Use the following names for the project and solution, respectively: Potter Project and Potter Solution. Save the application in the VB2017\Chap09 folder. a. The...
-
Mexico Timeshare, Inc., has the following transactions related to notes receivable during the last two months of 2008: Nov. 1 ....Loaned $18,000 cash to Norma Hanson on a one-year, 10 percent note....
-
Equivalent Units of Production and Related Costs The charges to Work in ProcessAssembly Department for a period, together with information concerning production, are as follows. All direct materials...
-
The total number of ebooks sold in 2013 was 242 million \(\left(a_{1}=242 ight)\). Each year, the number of ebooks sold has declined by \(3 \%(r=0.97)\). How many ebooks were sold between 2013 and...
-
Find the sum of the first 12 terms, \(s_{12}\), for the geometric sequence with first term \(a_{1}=-4\) and common ratio \(r=-1.25\).
-
Describe how one company may hedge its transaction exposures
-
Write a brief statement that interprets the confidence interval. Choose the correct answer below. A. There is a 99% chance that the true value of the population mean weight of newborn girls will fall...
-
Transcribed image text: If estimated annual factory overhead is $1,072,500; overhead is applied using direct labor hours, estimated annual direct labor hours are 275,000 actum March factory overhead...
-
Your firm has limited capital to invest and is therefore interested in comparing projects based on the profitability index (PI), as well as other measures. What is the PI of the project with the...
-
The following rates are applicable to annual payroll in British Columbia Question 17 options: 1234 1.95% x total B.C. remuneration 1234 2.925% x (B.C. remuneration - $500,000) 1234 Tax Rate 1234...
-
Assume that different groups of couples use a particular method of gender selection and each couple gives birth to one baby. This method is designed to increase the likelihood that each baby will be...
-
Lino Companys worksheet for the preparation of its 2014 statement of cash flows included the following information: Linos 2014 net income is $150,000. Required: What amount should Lino include as net...
-
What are the key dimensions of critical thinking 2. Watch the NBC Learn video on Diet Scams. What types of claims are made in this video Are they valid Elaborate on your responses. Discuss this video...
-
THIS IS ONE QUESTION WITH TWO PARTS. PLEASE ANSWER COMPLETELY AND SHOW ALL WORK. (NO EXCEL) Information for Question 1: State Probability Retum on A Return on B Return on C Retum on Portfolio X Boom...
-
Direct materials (5.0 Ibs. @ $5.00 per Ib.) Direct labor (2.0 hrs. @ $13.00 per hr.) Overhead (2.0 hrs. @ $18.50 per hr.) Total standard cost $25.00 26.00 37.00 $88.00 The predetermined overhead rate...
-
Problem 1-28 (Algo) (LO 1-4, 1-5, 1-6b 1-7) Harper, Inc., acquires 40 percent of the outstanding voting stock of Kinman Company on January 1, 2020, for $316,100 in cash. The book value of Kinman's...
Study smarter with the SolutionInn App