What amount would you have if you deposited $2,500 a year for 30 years at 8 percent
Question:
What amount would you have if you deposited $2,500 a year for 30 years at 8 percent (compounded annually)?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (12 reviews)
250...View the full answer
Answered By
Carly Cimino
As a tutor, my focus is to help communicate and break down difficult concepts in a way that allows students greater accessibility and comprehension to their course material. I love helping others develop a sense of personal confidence and curiosity, and I'm looking forward to the chance to interact and work with you professionally and better your academic grades.
4.30+
12+ Reviews
21+ Question Solved
Related Book For
Personal Finance
ISBN: 978-1259720680
12th edition
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
Question Posted:
Students also viewed these Business questions
-
If you invest $ 9,000 today at 8 percent compounded annually, but after three years the interest rate increases to 10 percent compounded semiannually, what is the investment worth seven years from...
-
What concerns would you have if you accept a job as a database administrator and discover that the database users are entering one common password to log on to the database each morning when they...
-
What will $5,000 invested for 10 years at 8 percent compounded annually grow to? How many years will it take $400 to grow to $1,671 if it is invested at 10 percent compounded annually? At what rate...
-
Figure shows three rotating, uniform disks that are coupled by belts. One belt runs around the rims of disks A and C. Another belt runs around a central hub on disk A and the rim of disk B. The belts...
-
Find the slope and y-intercept and then graph each equation. 1. 2. 3. y = 3 4. y = -2 4 3. 4)
-
In the previous problem, assume each provider connects to both others. Suppose customer PA switches to provider Q and customer QB switches to provider R. Use the CIDR longest match rule to give...
-
A company in Calgary serves a market in the northwestern United States. Now it ships LTL at an average cost of $28 per unit. If the company establishes a distribution center in the market, it...
-
Describe the four perspectives of the balanced scorecard. How is this model different from a set of world-class performance measures?
-
LO1. What are common types of receivables, and how are credit sales recorded a) The three major types of receivables are: iii) LO2. How are uncollectibles accounted for when using the direct...
-
On December 31, the Income Summary account of Davidson Company has a debit balance of $111,000 after revenue of $117,000 and expenses of $228,000 were closed to the account. Jackson Davidson, Drawing...
-
Brenda Young desires to have $20,000 eight years from now for her daughters college fund. If shewill earn 4 percent (compounded annually) on her money, what amount should she deposit now?
-
The disposable income from your part-time job in 2017 was $12,000. In 2016, you borrowed $500 at 18 percent interest. You repaid your loan with interest in 2017. How much would you have available for...
-
The population data for a certain country are given here. Plot the data and obtain a function that describes the data. Estimate when the population will be double its 2005 size. rear 2005 2006 2007...
-
I Need Hr project on Employee Engagement What is Employee Engagement and how does it contribute to organizational success? What is the role of HR in improving employee engagement? What are some...
-
In the United States, the Veterans Administration (VA) is tasked with, among other things, providing quality health care for U.S. military veterans. Chronically underfunded, the agency was having...
-
Using the keywords you brainstormed earlier in the module, conduct three separate searches in CQ Researcher - SAGE, Academic Search Ultimate, or another relevant database. When conducting these...
-
TechEx Repair allows local hardware stores to expand their service offerings to their customers by providing an off-site small engine repair service. Customers bring in small engines such as lawn...
-
Purpose: Sometimes we are asked to collaborate with a team of writers. This collaboration can help us to understand how others think differently from us and help us to think more creatively. This...
-
Purple Company has $200,000 in net income for 2021 before deducting any compensation or other payment to its sole owner, Kirsten. Kirsten is single and she claims the $12,550 standard deduction for...
-
The bookkeeper for Riley, Inc., made the following errors: a. A cash purchase of supplies of $357 was recorded as a debit to Supplies for $375 and a credit to Cash of $375. b. A cash sale of $3,154...
-
(a) Briefly describe how Harry and Belinda probably determined the fair market prices for each of their tangible and investment assets. (b) Using the data from the cash-flow statement developed by...
-
(a) Assume that their home is now appraised at $192,000 and the value of their automobile has dropped to $9500. Calculate and characterize the effects of these changes on their net worth and on their...
-
Julia graduated six years ago in aeronautical engineering and changed job once. Her income is more than sufficient for her needs. Julia contributes the maximum into her employers retirement account...
-
Domino is 4 0 years old and is married out of community of property with the exclusion of the accrual system to Dolly ( 3 5 ) . They have one child, Domonique, who is 1 1 years old. Domino resigned...
-
YOU ARE CREATING AN INVESTMENT POLICY STATEMENT FOR JANE DOE General: 60 years old, 3 grown children that are living on their own and supporting themselves. She is in a very low tax rate so we don't...
-
firm purchased a new piece of equipment with an estimated useful life of eight years. The cost of the equipment was $65,000. The salvage value was estimated to be $10,000 at the end of year 8. Using...
Study smarter with the SolutionInn App