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

Question

1 Approved Answer

if you deposit $16,000 per year for 12 years (each deposit is made at the end of each year) in an account that pays an

if you deposit $16,000 per year for 12 years (each deposit is made at the end of each year) in an account that pays an annual interest rate of 14%, what will your account be worth at the end of 12 years?

please write out equation, do not use calculator

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

Step: 3

blur-text-image

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

Financial Accounting IFRS Principles

Financial Accounting IFRS Principles

Authors: Ilse Lubbe, Goolam Modack, Alex Watson

4th Edition

0199049238, 9780199049233

More Books

Students also viewed these Accounting questions

Question

★★★★★
On January 1, 2015, Lizzy's Lemonade issues 5%, 20-year bonds with a face amount of $100,000 for $88,443, priced to yield 6%. Interest is paid semiannually. What amount of interest expense will be...

Answered: 1 week ago

Question

★★★★★
1.63 Gasoline Tax The table below provides a breakdown of tax components of gasoline in cents for different cities across Canada for the first six months of 2006. a. Construct a stem and leaf display...

Answered: 1 week ago

Question

★★★★★
Determining and interpreting fixed cost variances Sloan Company established a predetermined fixed overhead cost rate of $29 per unit of product. The company planned to make 7,000 units of product but...

Answered: 1 week ago

Question

★★★★★
For each item listed in the Item column, indicate with an I for increase, a D for decrease, or a NE for no effect, caused by each type transaction listed on top of columns 2 thru 6. Hint : look at...

Answered: 1 week ago

Question

★★★★★
Please help solve. SHOW ALL WORK BE15-6 (similar to) Question Help Carson Company decided to raise additional capital in the equity market. It engaged an underwriter to float a new common share...

Answered: 1 week ago

Question

★★★★★
1) BobTheCat Enterprises has asked FoxFirst Consulting to help with upgrading 600 desktop users from Windows 7 to Windows 10. As per contract, FoxFirst will provide the upgrade strategy. Discuss...

Answered: 1 week ago

Question

★★★★★
Harvey's Restaurants In your own words, explain the Harvey's brand, Canadian values, and range of products/services. A minimum of four sentences is required here. Strengths Explain three (3)...

Answered: 1 week ago

Question

★★★★★
Find the initial basic feasible solution for the TP by VAM. D D2 D3 Dy Supply Dz 0, 11 13 17 14 250 02 16 16 18 14 10 300 03 21 24 13 10 400 Dem 200 225 275 250 950

Answered: 1 week ago

Question

★★★★★
3. Both Hawks Nest and the Upper Big Branch mine were underground work locations. Does this have any significance in the hiding of safety violations? If so, how? 4. Why would a modern organization...

Answered: 1 week ago

Question

★★★★★
Any device which carries data between end devices? The answer i picked is Intermediary Device is that correct if not what would the answer be?

Answered: 1 week ago

Question

★★★★★
If you plan to video or audio-record some of your data, how equipped are you to subsequently transcribe the dialogue into a written form? What arrangements might you make for this?

Answered: 1 week ago

Question

★★★★★
How clear are you about the purpose of the different types of data gathering you plan to undertake? How clearly developed are the themes to be explored? How clearly are these themes derived from your...

Answered: 1 week ago

Question

★★★★★
To what extent might qualitative data from social media platforms contribute to the achievement of your research objectives or questions?

Answered: 1 week ago

Previous Question Next Question