If you deposit $50 per month in a bank account at 10 percent annual interest (compounded monthly),
Question:
If you deposit $50 per month in a bank account at 10 percent annual interest (compounded monthly), how much will you have in your account at the end of the 12th year?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 86% (15 reviews)
At a 10 discount rate th...View the full answer
Answered By
Umber Talat
I am providing full time mentoring and tutoring services in Business Finance, Contemporary issue in Global Economy, Quantitative Techniques, Principles of Marketing, strategic marketing, International Marketing, Organizational Behavior (OB), Consumer Behavior, Sales Force Management, Strategic Brand Management, Services Marketing, Integrated Marketing Communication (IMC), Principles of Management, General Management, Strategic Management, Small and Medium Enterprise Management, Innovation Management, Change Management, Knowledge Management, Strategic Planning, Operations Management, Supply Chain Management, Logistics Management, Inventory management, Total Quality Management (TQM), Productions Management, Project Management, Production Planning, Human Resource Management (HRM), Human Resource Development, Strategic HRM, Organizational Planning, Performance and Compensation Management, Recruitment and Selection, Organizational Development, Global Issues in Human Resource Management, Retail Marketing, Entrepreneurship, Entrepreneurial Marketing, International Business, Research Methods in Business, Business Communication, Business Ethics.
4.70+
158+ Reviews
236+ Question Solved
Related Book For
Real Estate Principles A Value Approach
ISBN: 978-0077836368
5th edition
Authors: David C Ling, Wayne Archer
Question Posted:
Students also viewed these Business questions
-
Carmin Kovach is single and has two children from her previous marriage. Anika, 9, lives with Carmin. Julius, 11, lives with his father, Ray. Carmin pays alimony of $400 per month to Ray. The...
-
1. If Sue died today, how much would the Wrights need in the family maintenance fund? Explain the reasons behind your calculations. 2. Suppose the Wrights found that Sue and Tom each had a life...
-
Staci Valek began making pottery several years ago as a hobby. Her work is quite creative, and it has become so popular that she has decided to quit her job with an aerospace firm and manufacture...
-
Jack Williams works in a very active department called purchasing. He works with store managers, marketing, and supply companies. The people in his department try to have the right product, in the...
-
Find y'' for 1 / x - 1 / y = 1.
-
Obtain an expression for p (3) 11 in terms of elements of the 1-step transition matrix P for a general Markov process. Interpret this expression.
-
Goal approach to assessing organizational effectiveness Systems resource approach Participant-satisfaction model Human resource approach Stakeholder approach Competing values approach LO.1
-
Alteran Corporation purchased a machine for $1.5 million in 2010. The machine is being depreciated over a 10-year life using the sum-of-the-years-digits method. The residual value is expected to be...
-
I need the answer as soon as possible g67 Q.79 A machine produces 0.1 or 2 defective pieces in a day with associated probability of 1/6,2/3 and 1/6, respectively. The mean value and the variance of...
-
Reep Construction recently won a contract for the excavation and site preparation of a new rest area on the Pennsylvania Turnpike. In preparing his bid for the job, Bob Reep, founder and president of...
-
If your parents purchased an endowment policy of $10,000 for you and the policy will mature in 12 years, how much is it worth today, discounted at 15 percent annually?
-
If you deposit $1 at the end of each of the next ten years and these deposits earn interest at 10 percent compounded annually, what will the series of deposits be worth at the end of the 10 th year?
-
What is the role of small concentrations of Mg in aluminum alloys used to make beverage cans?
-
Q2 2 Points The time between students pinging professor with questions during an exam is modeled by an exponential random variable X (measured in minutes) with parameter (usual notation) Q2.1 1 Point...
-
A. Describe what the formula P = M A E represents. B. What happens if one of these factors becomes deficient? C. In terms of performance, identify the four different types of reinforcement. Provide...
-
1-3.2) K Question 10, 3.1.37 Part 1 of 6 > HW Score: 53.33%, 6.4 of 12 points O Points: 0 of 1 Save Because the mean is very sensitive to extreme values, it is not a resistant measure of center. By...
-
Research the company and obtain the following information: Mission Statement - Purpose of their existence Goals and objectives (What are they in business for) SWOT analysis for this company Based on...
-
please write one page for the concept of organizational structure one page paper of factors affecting organizational structure.
-
Mark each statement. Justify each answer. (T/F) If S = {x}, then aff S is the empty set.
-
San Carlos Bank and Trust Company uses a credit-scoring system to evaluate most consumer loans that amount to more than $2,500. The key factors used in its scoring system are found at the conclusion...
-
What are the advantages to a home buyer of a graduated payment mortgage?
-
What is the major constraint on lenders in setting new interest rates for an adjustable rate mortgage?
-
Discuss the quality of the major ARM indexes cited in the text?
-
What is Coke's average ownership percentage in its equity method investments? Goodwill is 7000 Calculate the firm's current ratio (current assets/current liabilities). Calculate the current ratio...
-
John has to choose between Project A and Project B, which are mutually exclusive. Project A has an initial cost of $30,000 and an internal rate of return of 16 percent. Project B has an initial cost...
-
Complete the table below, for the above transactions
Study smarter with the SolutionInn App