Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 20, 2024

If you deposit $ 3 9 0 0 today into an account earning an annual rate of 1 3 % what will your account be

If you deposit $

3900

today into an account earning an annual rate of

13 %

what will your account be worth in

40

years assuming no further the deposits and what will that account be worth in

50

years

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Global Finance And Development

Authors: David Hudson

1st Edition

0415436354, 978-0415436359

More Books

Students also viewed these Finance questions

Question

★★★★★

Adriana Lopez expects second quarter 2010 sales of her new line of computer furniture to be the same as the first quarters sales (reported below) without any changes in strategy. Monthly sales...

Answered: 1 week ago

Question

★★★★★

A company has to select the best alternative among the following three alternatives based on present worth method of comparison by assuming an interest rate of 12%. Find out the best alternative....

Answered: 1 week ago

Question

★★★★★

a. Calculate the annual rate of return for each asset in each of the 10 preceding years, and use those values to find the average annual return for each asset over the 10-year period. b. Use the...

Answered: 1 week ago

Question

★★★★★

HELP FAST 1 Which of the following variables do Fama and French claim do a better job explaining stock returns than beta? 1. Book to market ratio 11. Unexpected change in industrial production Itt....

Answered: 1 week ago

Question

★★★★★

17. Add-or-drop decision. The Ancome County Health Department is considering using 300 square feet of excess office space to provide a clinic for Healthchek visits. These visits are reimbursed at $75...

Answered: 1 week ago

Question

★★★★★

A die is rolled and value is recorded. The table shows the results of 20 rolls. 1 5 5 2 5 1 5 65 2 LQ 5 LO 5 2462 6 33 5 2 2 (a) Complete the probability distribution table. X P(X) 1

Answered: 1 week ago

Question

★★★★★

Uncle Cosmo plans to build a factory. It will cost $ 1 , 0 0 0 , 0 0 0 . He expects the after - tax cash inflows to be $ 2 3 0 , 0 0 0 annually for 6 years, after which he plans to scrap the...

Answered: 1 week ago

Question

★★★★★

The amount of pollutants that are found in waterways near large cities is normally distributed with mean 9 ppm and standard deviation 1.3 ppm. 38 randomly selected large cities are studied. Round all...

Answered: 1 week ago

Question

★★★★★

Your faculty member will divide the class into teams. Each team will select a specific organization they will be developing the security program for a hospital, college, government building, or...

Answered: 1 week ago

Question

★★★★★

2. You are working for a glider manufacturer and have been asked to analyse the laminar boundary layer at a certain point on the smooth wing. The velocity profile at this point, u(y), is given by: u...

Answered: 1 week ago

Question

★★★★★

2. One union newspaper indicated how it saved an employees job. The employee was in the mechanics classification and was discharged for refusing to comply with managements sudden, unilateral rule...

Answered: 1 week ago

Question

★★★★★

broadening cross-cultural analysis to include an understanding of integrationdifferentiation in global managing;

Answered: 1 week ago

Question

★★★★★

developing the relevance of cross-cultural studies through an incorporation of stakeholder analysis of particular interaction situations;

Answered: 1 week ago

Previous Question Next Question