FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

15 Years ago you deposited a $12500 in investment fund. five year ago you added an additional account $20000. you earned 8% compound interest semi

15 Years ago you deposited a $12500 in investment fund. five year ago you added an additional account $20000. you earned 8% compound interest semi annually for first 10 years and 6.5% compound annually for last 5 years. what is the EAR you get for your investment in first 10 years.- b- how much money in your account do you have today

c--if you wish to $85000 now, how much should you invested 15 years ago.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Investments An Introduction

Investments An Introduction

Authors: Herbert B Mayo

9th Edition

324561385, 978-0324561388

More Books

Students also viewed these Finance questions

Question

★★★★★
You have applied for a job with a local bank. As part of its evaluation process, you must take an examination on time value of money analysis covering the following questions: a. Draw time lines for...

Answered: 1 week ago

Question

★★★★★
1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...

Answered: 1 week ago

Question

★★★★★
$10,000 was deposited into an investment account earning interest at a nominal rate of9% compounded monthly for eight years. How much interest was earned in the fifthyear? You invest$1500 today and...

Answered: 1 week ago

Question

★★★★★
What does this code print (unless it produces an error)? = plane "A passengers" plane [2] = "m" print (plane)

Answered: 1 week ago

Question

★★★★★
Guards patrolling a mall protect the malls two stores. The television stores demand curve for guards is strictly greater at all prices than that of the ice-cream parlor. The marginal cost of a guard...

Answered: 1 week ago

Question

★★★★★
In the near future, will organizations have at their disposal tests that can precisely identify job candidates with a high propensity to misbehave? Explain.

Answered: 1 week ago

Question

★★★★★
A referendum is going to take place in an European country in order to decide whether the country will adopt the euro as its currency unit or not. Suppose that the number of eligible voters in the...

Answered: 1 week ago

Question

★★★★★
On January 4 of this year, Diaz Boutique incurs a $105,000 cost to modernize its store. Improvements include new floors, ceilings, wiring, and wall coverings. These improvements are estimated to...

Answered: 1 week ago

Question

★★★★★
Zola Company manufactures and sells one product. The following information pertains to the companys first year of operations: Variable cost per unit: Direct materials $ 13 Fixed costs per year:...

Answered: 1 week ago

Question

★★★★★
Cane Company manufactures two products called Alpha and Beta that sell for $135 and $95, respectively. Each product uses only one type of raw material that costs $6 per pound. The company has the...

Answered: 1 week ago

Question

★★★★★
Take a few moments to write down all the ways people could get hurt at work. Then categorize them into the following categories in table/chart: Chemical Biological Physical Ergonomics Psychosocial

Answered: 1 week ago

Question

★★★★★
An analysis of transactions for Blossom Company, a certified public accounting firm, for the month of August is as follows. Assume that August is the company's first month of business. Assets...

Answered: 1 week ago

Question

★★★★★
Your (all equity) firm sells 35,000,000 units at $2.30 per unit, the variable cost per unit is $1.84, and fixed costs are $6,500,000, giving your firm a DOL of 1.6771. The firm faces a tax rate of 40...

Answered: 1 week ago

Question

★★★★★
Janumadn cinta paE A single-phase circuit has a voltage of 120 V and a current of 5 A. If the power factor is 0.6 lagging, calculate the apparent power. Please indicate the name of power for what we...

Answered: 1 week ago

Question

★★★★★
You, CPA, work as an analyst for Glo Inc., a publicly traded and rapidly growing cosmetic company. Glo's products retail at a popular beauty store chain across Canada. Recently, Glo has been...

Answered: 1 week ago

Question

★★★★★
The Boxwood Company sells blankets for $39 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Assuming that the company uses the...

Answered: 1 week ago

Question

★★★★★
Simplify the expression. Assume that all variables are positive. 23VI1 2 V44 8

Answered: 1 week ago

Question

★★★★★
20. Which of the following is not a contribution of the psychoanalytic perspective? a. Stimulated research on sleep and dreaming b. Stimulated research on coping and health c. Created personality...

Answered: 1 week ago

Question

★★★★★
3. Which personality perspective emphasizes the influence of unconscious forces on personality? a. Psychoanalytic perspective b. Trait perspective c. Humanistic perspective d. Social cognitive...

Answered: 1 week ago

Question

★★★★★
2. Terrence is outgoing in most situations. Allport would describe this tendency in Terrence as a a. source trait b. secondary trait c. cardinal trait d. central trait

Answered: 1 week ago

Previous Question Next Question