Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 12, 2021

Calculate how much you should save quarterly if you want to collect 30 000 PLN in 4 years if the yearly interest rate on the

Calculate how much you should save quarterly if you want to collect 30 000 PLN in 4 years if the yearly interest rate on the market is 12% (quarterly capitalisation).

a. about 6277.07 PLN

b. about 1488.12 PLN

c. about 2388.33 PLN

d. about 9877.19 PLN

Step by Step Solution

★★★★★

3.50 Rating (153 Votes )

There are 3 Steps involved in it

Step: 1

We wuld like to collect 30000 PLN in 4 years FV 30000 m Number of quarters in a year m 4 n ... 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

Step: 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

Survey of Accounting

Authors: Carl S Warren

5th Edition

9780538489737, 538749091, 538489731, 978-0538749091

More Books

Students also viewed these Accounting questions

Question

★★★★★

The net income reported on the income statement of Goth Co. was $2,500,000. There were 100,000 shares of $10 par common stock and 40,000 shares of $4 preferred stock outstanding throughout the...

Answered: 1 week ago

Question

★★★★★

The net income reported on the income statement for the current year was $75,000. Depreciation recorded on store equipment for the year amounted to $22,500. Balances of the current asset and current...

Answered: 1 week ago

Question

★★★★★

The net income reported on the income statement for the current year was $92,000. Depreciation recorded on store equipment for the year amounted to $18,600. Balances of the current asset and current...

Answered: 1 week ago

Question

★★★★★

Repeat the analysis of problem 14.7, but this time focus on the Facebook call and put options in Figure 14.1 that have a strike price of $87.50. If you use put-call parity to find the price of...

Answered: 1 week ago

Question

★★★★★

Construct measures of political participation at the nominal, ordinal, and interval-ratio levels. Discuss the advantages and disadvantages of each.

Answered: 1 week ago

Question

★★★★★

Chandler, Inc. is owned by Roscoe Chandler and provides appraisal services to individuals and companies wishing to purchase and sell fine art. Chandler, Inc. began business on January 1, 2016, and is...

Answered: 1 week ago

Question

★★★★★

Identify different types of historical research including topical, biographical, autobiographical (autoethnography), oral history, and the narrative study of lives.

Answered: 1 week ago

Question

★★★★★

How do the weighted average and first-in, first-out methods of process costing differ in their treatment of beginning Work in Process Inventory units?

Answered: 1 week ago

Question

★★★★★

You are evaluating a proposed acquisition of a new machine costing $ 5 0 , 0 0 0 . While the machine is expected to last for 5 years, it falls into the MACRS 3 - year class. Purchase of the machine...

Answered: 1 week ago

Question

★★★★★

M4 Engineering produces materials used in airplane engines. Management has been concerned that material costs per pound are too high. The product is processed over two shifts per day. The following...

Answered: 1 week ago

Question

★★★★★

please analyse the graph and answer the remaining questions 10 s AC-4.1 5 s AC-4.2 2 s AC-4.3 1 s 500 ms T 200 ms AC-1 AC-2 AC-3\\ AC-4 100 ms 50 ms 20 ms 10 ms 100200 500 1 2 5 10 20 50 100200 500 1...

Answered: 1 week ago

Question

★★★★★

11.7 A copper bar with a cross-sectional area of 1.5 in. is loaded as shown. What is the total change in length of the bar? Ec = 16 x 100 psi. Def=0.044 in 4 ft 10.000 lb 4000 lb - 8 ft PROB. 11.7

Answered: 1 week ago

Question

★★★★★

Divergent LTD is an investment company which owns a number of subsidiary companies. Each subsidiary produces a particular product or service. The subsidiary companies are grouped into three divisions...

Answered: 1 week ago

Question

★★★★★

A cylindrical casting of diameter 200 mm and height 100 mm is to be casted. From the previous observations it was found that to cast a shaft of 150 mm diameter and 500 mm length, the casting time is...

Answered: 1 week ago

Question

★★★★★

Illustrate a strategic timeline to obtain/maintain market penetration in 1 year. Illustrate a strategic timeline to increase production capacity in 3 years Illustrate a strategic timeline to market...

Answered: 1 week ago

Question

★★★★★

1 General triangles 1 General triangles 2 You are stuck in place P and there is a landmark (L) in your sight that is at an angle of 42 to a reference line as in the picture. You know that there is a...

Answered: 1 week ago

Question

★★★★★

Q 1 0 1 0 Points Indicate / define TWO types of data storage devices, and briefly address the relotive tradeoffs of each, as well: # 1 :

Answered: 1 week ago

Question

★★★★★

What are the two methods used to translate financial statements and how does the functional currency play a role in determining which method is used?

Answered: 1 week ago

Question

★★★★★

Break-even analysis is one of the most fundamental tools for managing any kind of business unit. Consider the management of your school. In a group, brainstorm some applications of break-even...

Answered: 1 week ago

Question

★★★★★

Would Google and Wal-Mart use the cash basis or the accrual basis of accounting? Explain.

Answered: 1 week ago

Question

★★★★★

Sweet Water Inc. bottles and distributes spring water. On July 15 of the current year, Sweet Water Inc. reacquired 24,000 shares of its common stock at $60 per share. a. What is the balance of...

Answered: 1 week ago

Question

★★★★★

What is loading?

Answered: 1 week ago

Question

★★★★★

One approach that can be effective in reducing the impact on production bottlenecks is to use smaller transfer lot sizes as in tire Theory of Constraints. Explain how small transfer lot sizes can...

Answered: 1 week ago

Question

★★★★★

The fol1owing table contains information concerning four jobs that are waiting for processing at a machine. a. Sequence the jobs using priority rules (I) SPT, and (2) EDD. b. For each of the priority...

Answered: 1 week ago

Previous Question Next Question