Brenda plans to reduce her spending by $80 a month. Calculate the future value of this increase

Question:

Brenda plans to reduce her spending by $80 a month. Calculate the future value of this increase in savings over the next 10 years. (Assume an annual deposit to her savings account and an annual interest rate of 4 percent.)

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

Step by Step Answer:

Related Book For book-img-for-question

Personal Finance

ISBN: 9781264101597

14th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

See More Books

Question Posted: Nov 10, 2023 10:02 PM

See More Questions

Brenda plans to reduce her spending by $80 a month. Calculate the future value of this increase in saving over the next 10 years. (Assume an annual deposit to her savings account, and an annual...
Brenda plans to reduce her spending by $50 a month. What would be the future value of this reduced spending over the next 10 years? (Assume an annual deposit to her savings account and an annual...
Brenda plans to reduce her spending by $50 a month. What would be the future value of this reduced saving over the next 10 years? (Assume an annual deposit to her savings account, and an annual...
Solve: y(4) +18y"+81y = 0 y(0) = -4, y'(0) = 8, y'(0) = 42, y"(0) = -108 - Submit Question X
Game Pro Magazine sold 10,000 annual subscriptions on August 1, 2008, for $18 each. Prepare Game Pros August 1, 2008, journal entry and the December 31, 2008, annual adjusting entry.
Twelve years ago, Marilyn purchased two lots in an undeveloped subdivision as an investment. Each lot has a $10,000 basis and a $40,000 FMV when the city condemns one lot for use as a municipal...
Describe the types of equity securities a firm can issue. ApendixLO1
The three accounts shown below appear in the general ledger of Jurena Corp. during 2012. InstructionsFrom the postings in the accounts, indicate how the information is reported on a statement of cash...
Assume that a Parent company acquires a 60% interest in its Subsidiary on January 1, 2020. On the date of acquisition, the fair value of the 60% controlling interest was $1,440,000 and the fair value...
1. The endpoints of the bottom side of a parallelogram are at A(2, 1) and B(10, 7). The other two sides both have slope 3, and length 5 cm. (a) (2 points) Provide a very neat and accurate sketch this...
Kara Delaney received a $3,000 gift for graduation from a relative. If she deposits the entire amount in an account paying 3 percent, what will be the value of this gift in 15 years?
You want to establish a savings fund from which a community organization could draw $1,000 a year for 20 years. If the account earns 2 percent, what amount would you have to deposit now to achieve...
In the mathematics department of a certain university, in a particular semester, 1250 students took the elementary algebra final examination. The mean was 69% with a standard deviation of 5.4%. If a...
2. (3 points) NextGames Inc. has a new video game cassette for the upcoming holiday season. It is 3 trying to determine the target cost for the game if the selling price per unit will be set at $130,...
1. After watching the SR WEBINAR on how risk managers create better decision-making through a positive culture what do you think the three (or more) important points made during the webinar 2....
| Variance analysis, multiple products. The Robin's Basket operates a chain of Italian gelato stores. Although the Robin's Basket charges customers the same price for all flavors, production costs...
Question 31 of Your local coffee shop is extremely busy, so the cashier asks what you'd like to order and your name. The cashier writes this information onto a cup and passes it to the barista. After...
Find SSR = xy Rx+1 -dA, R= [0,2] x [4,4] Round your answer to four decimal places.
What types of defects can be detected in a liquid penetrant test?
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...
What kinds of insurance provide protection against the financial consequences of illness and injury?
What is the difference between hospital indemnity insurance and hospital expense insurance? Which is the preferred coverage? Explain why.
Suppose you have $5,000 of health care expenses that are not covered by your basic health insurance. You have a major medical policy with $500 deductible and 20 percent coinsurance. What are your...
65.00 40.00 The following information applies to the questions displayed below.) Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct...
Need help with every part!!!! Bill Smith is reviewing the cash accounting for Postalman, Inc.a local mailing service. Smith's review will focus on the petty cash account and the bank reconciliation...
Janco Industries has a relevant range extending to 30,000 units each month. The following performance report provides information about Janco's budget and actual performance for November. (Click the...

Brenda plans to reduce her spending by $80 a month. Calculate the future value of this increase

Question:

Step by Step Answer:

over the next 10 years Brenda will save 80 ...View the full answer

Personal Finance

Students also viewed these Business questions