Today, Mark invested $5,000 into an account that guarantees 7.50% p.a., compounded monthly and Madonna invested $5,000
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
Computation of no of years for the value of Madonnas investment to be thr...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
Question Posted:
Students also viewed these Accounting questions
-
How long will it take to produce 1.00 103 kg of magnesium metal by the electrolysis of molten magnesium chloride using a current of 5.00 104 A?
-
How long will it take an RESP to grow to $200,000, if the plan owner contributes $250 at the end of each month and the plan earns: a. 8% compounded monthly? b. 8% compounded quarterly? c. 8%...
-
How long will it take $400 to accumulate to $760 at 7% p.a. compounded semi-annually?
-
We plan to remove about 90% of the A present in a gas stream by absorption in water which contains reactant B. Chemicals A and B react in the liquid as follows: B has a negligible vapor pressure,...
-
Consider each of the following highly reactive carbon species. What is the formal charge on carbon in each of these structures? H-C-H
-
What are the stages in the buying process?
-
Dont tell me weve lost another bid! exclaimed Janice Hudson, president of Prime Products Inc. Im afraid so, replied Doug Martin, the operations vice-president. One of our competitors underbid us by...
-
1 on 3,000 trade in 8) A machine that cost $40,000 and had been depreciated $30,000 was traded in machine of like purpose having an estimated 10-year life and priced at $50,000. If a $13,000 trade-in...
-
Is a randomly generated 4-CNF sentence with n symbols and m clauses more or less likely to be solvable than a randomly generated 3-CNF sentence with n symbols and m clauses? Explain.
-
The first national bank pays a 4% interest rate compound continuously. The effective annual rate paid by the bank is __________. a. 4.16% b. 4.20% c. 4.08% d. 4.12%
-
You have your choice of two investments accounts. Investment A is a 15 year annuity that features end of month $1,150 payments and has an interest rate of 6% compound monthly. Investment B is a 7%...
-
To what extent can some qualitative research be deemed to exhibit the characteristics of a natural science model?
-
Use as many directional terms as possible to describe therelationshipbetween: a. the antecubital region and the poplitealregion b. the acromial region and the mentalregion c. the gluteal region and...
-
Average rate of return-cost savings Maui Fabricators Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $114,000 with a $10,000 residual value...
-
Alan was rated as excellent on his individual work performance evaluation, earning him $2,000, provided as a merit pay increase. His annual salary this year is $48,000. He works in a team of 3...
-
Josie spends $60 at the end of each month on cigarettes. If shestops smoking and invests the same amount in an investment planpaying 6% compounded monthly, how much will she have after fiveyears? 2...
-
Say we have a Boeing 747 whose longitudinal flight dynamics for a given flight condition may be approximated using the following state equation (uncontrolled motion; thus no need to consider the...
-
Unearned Revenue and Customer Deposits} On November 20, 2017, Manitoba Electronics agreed to manufacture and supply 750 electronic control units used by Wausau Heating Systems in large commercial and...
-
The time to assemble the first unit on a production line is 10 hours. The learning rate is 0.94. Approximately how long will it take for the seventh unit to be assembled? The number of hours needed...
-
For each of the business transactions listed below, you are to enter in the Workbook: a the account name, with debit account first b if the account entry is a debit or credit c the chart of account...
-
Takemoto Corporation borrowed $60,000 on November 1, 2010, by signing a $61,350, 3-month, zero-interest-bearing note. Prepare Takemotos November 1, 2010, entry; the December 31, 2010, annual...
-
At December 31, 2010, Burr Corporation owes $500,000 on a note payable due February 15, 2011. (a) If Burr refinances the obligation by issuing a long-term note on February 14 and using the proceeds...
-
Sport Pro Magazine sold 12,000 annual subscriptions on August 1, 2010, for $18 each. Prepare Sport Pros August 1, 2010, journal entry and the December 31, 2010, annual adjusting entry.
-
Mrquered Mrquered
-
You plan to invest $10,00 today in an investment account earning 5% interest. You then plan to invest an additional $1,000 into this account each year for the next twenty years. How much money will...
-
Due to the relationship of financial statements, the statement of stockholders' equity links the income statement to the balance sheet. True or False?
Study smarter with the SolutionInn App