What is the future value of ($12,000) invested at 8% interest, compounded yearly for ten years?

Question:

What is the future value of $$12,000$ invested at 8% interest, compounded yearly for ten years?

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

Step by Step Answer:

Related Book For book-img-for-question

Financial Management In The Sport Industry

ISBN: 9780415790000

2nd Edition

Authors: Brown T Matthew

See More Books

Question Posted: Apr 19, 2024 04:00 AM

See More Questions

1. Calculate the present value of $4,700 to be received 7 years from today if the annual interest rate is 8.5 percent. 2. What is the future value of $6,840 invested for 5 years at 7.5 percent...
Your task this week is to teach Grammy and the board the time value of money and its related concepts. She would like you to address several specific questions to demonstrate the use of time value of...
What is the future value of $1,101 invested for 9 years at 7 percent compounded annually? 2. What is the present value of $18,664 to be received 7 years from today if the discount rate is 7 percent?...
After their divorce, Brian Bermudez and Amanda Schmidt shared custody of their son. Schmidt suspected Bermudez of abusing the child, so she refused to let him visit. Bermudez filed a petition...
1. In the short run, could Social Security add to equilibrium real GDP on net if recipients allocate a larger share of income to consumption than taxed workers? 2. If the assessment of Social...
When measuring application and infrastructure services, an important measure for both is the number of changes, why?
What are the major benefits of Web-based business applications? LO.1
Jasper is single and is a computer software consultant with a college degree. He feels that one of the reasons for his success is that he continually updates his knowledge by taking classes at the...
Sandhill Company has beginning and ending work in process inventories of $ 1 5 0 0 0 0 and $ 1 6 5 0 0 0 respectively. If total manufacturing costs are $ 6 8 0 0 0 0 , what is the total cost of goods...
If an investor commits $4,500 to an IRA each year for 30 years and receives 6% interest, what will her total investment be worth at the end of the 30 years?
An athlete signs a five-year endorsement deal with a prominent sponsor. Under this deal the athlete will receive $$5,000$ each year for the first three years and $$6,500$ each year for the final...
Financial Management Goals You have been the manager of a small company for 20 years and have become great friends with your employees. In the last month, new Norwegian owners have bought out the...
Consider the situation you addressed in Problem and Exercise 3. Create numeric cost estimates for each of the costs you listed. Calculate the net present value and return on investment. Include a...
The output power $\dot{W}$ of a spinning shaft is a function of torque $T$ and angular velocity $\omega$. Use dimensional analysis to express the relationship between $\dot{W}, T$, and...
In groups of three, pick a local healthcare organization with which you are familiar. Conduct a SWOT analysis on the organization. After completing the SWOT analysis, use the template in exhibit 8.12...
The Dean Door Corporation (DDC) manufactures steel and aluminum exterior doors for commercial and residential applications. DDC landed a major contract as a supplier to Walker Homes, a builder of...
In Exercises 47 and 48, write a two-column proof. GIVENmWYZ = m/TWZ = 45 PROVE SWZ = ZXYW SW X Y N T
Short-term aberrations do not affect the long run. To illustrate, suppose that you flip a coin 10 times and you get 10 heads. Find the cumulative proportion of heads, including these first 10 flips,...
An Atomic Energy Commission nuclear facility was established in Hanford, Washington, in 1943. Over the years, a significant amount of strontium 90 and cesium 137 leaked into the Columbia River. In a...
4. The risk-free rate of return is 3.78% and the market risk premium is 6.42%. What is the expected rate of return on a stock with a beta of 1.09?
Maddox Resources has credit sales of $ 1 8 0 , 0 0 0 yearly with credit terms of net 3 0 days, which is also the average collection period. Maddox does not offer a discount for early payment, so its...
Selk Steel Co., which began operations on January 4, 2017, had the following subsequent transactions and events in its long-term investments. 2017 Jan. 5 Selk purchased 50,000 shares (25% of total)...

What is the future value of ($12,000) invested at 8% interest, compounded yearly for ten years?

Question:

Step by Step Answer:

The future value of your investment of 12000 at 8 interest compounded yearly ...View the full answer

Financial Management In The Sport Industry

Students also viewed these Business questions