Anne Boleyn will invest $5,000 a year for 20 years in a fund that will earn 12%
Question:
Anne Boleyn will invest $5,000 a year for 20 years in a fund that will earn 12% annual interest. If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If the first payment occurs at year-end, what amount will be in the fund in 20 years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (10 reviews)
First payment ...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
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
Question Posted:
Students also viewed these Accounting questions
-
Sally Medavoy will invest $8,000 a year for 20 years in a fund that will earn 12% annual interest. If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If the...
-
Sally Medavoy will invest $8,000 a year for 20 years in a fund that will earn 6% annual interest. If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If the...
-
If you invest $100 a year for 20 years at 7% annual interest, how much will you have at the end of the 20th year?
-
1. Estimate the model Debt = 30 + 1lnc + 32Unemp + . Is unemployment significant at the 5% level? 2. You are told that the unemployment rate might have a quadratic influence on monthly debt payments....
-
In an interview on PBS about economic development in Africa, economist George Ayettey stated that of the 54 African countries, only 8 had a free press. For Africa's economic development, Ayittey...
-
The Agricultural Experiment Station of a university tested two different herbicides and their effects on crop yield. From 90 acres set aside for the experiment, the station used herbicide 1 on a...
-
Samples of groundwater were taken from 5 different toxic-waste dump sites by each of 3 different agencies: the EPA, the company that owned each site, and an independent consulting engineer. Each...
-
Go to the Forbes list of the 200 largest U.S. Charities for the most recent year available. For example, for 2011: www.forbes.com/lists/2011/14/200-largest-us-charities-11.html Answer the following...
-
Consider a project that requires an investment of $1700 in the first year, but will generate a NPV of $80. Calculate the profitability index value of this project.
-
Find the z parameters of the circuit in Fig. 19.67. 4 02 7'10 /6
-
Dan Webster will invest $10,000 today in a fund that earns 5% annual interest. How many years will it take for the fund to grow to $13,400?
-
William Cullen Bryant needs $200,000 in 10 years. How much must he invest at the end of each year, at 11% interest, to meet his needs?
-
Suprenuk, Inc., wishes to maintain a growth rate of 11 percent per year and a debt-equity ratio of .37. Profit margin is 4.2 percent and the ratio of total assets to sales is constant at .80. Is this...
-
Evaluate the vector function \(v(x, y)=\left\{\begin{array}{c}x y+1 \\ x-2 y\end{array} ight\}\) for \(x=1.54, y=2.28\) by: a. Using the subs command. b. Conversion into a MATLAB function.
-
A whistle-blower is a person who is quickly promoted for finding new markets for growth. a) True b) False
-
A trade deficit happens when a. the value of imports is greater than the value of exports. b. the U.S. dollar is strong. c. both are true. d. neither are true.
-
Venture capital is used to generate funds to purchase a franchise. a) True b) False
-
Chris is starting a consulting business and needs a receptionist, a place to meet clients, and other aspects of an office. A good solution for Chris to consider would be a(n) a. mentoring group. b....
-
The marginal tax rate on a corporate income of \(\$ 87,000\) is closest to which of the following? a. 15 percent b. 20.5 percent c. 25 percent d. 34 percent
-
In Exercises find dy/dx by implicit differentiation. xy - y = x
-
(a) Using your knowledge of APES 110, identify and explain the potential type of threat to Chan and Partners independence in situations (1) and (2) above. (b) What action should Chan and Partners...
-
Your client took accounting a number of years ago and was unaware of comprehensive income reporting. He is not convinced that any accounting standards exist for comprehensive income. Instructions If...
-
The Z-score bankruptcy prediction model uses balance sheet and income information to arrive at a Z-Score, which can be used to predict financial distress: EBIT is earnings before interest and taxes....
-
Bradshaw Company experienced a loss that was deemed to be both unusual in nature and infrequent in occurrence. How should Bradshaw report this item in accordance with IFRS?
-
If you weigh your portfolio in 80% risky and 20% risk-free t bills. The optimal risky portfolio consists of 40% in bonds and 60% in ETFs. How much will you have invested in t-bills, bonds, and etfs?
-
b. A 25-year mortgage loan of $184,000 at a 10 percent compound annual interest rate with equal installment payments at the end of each year.
-
What are Cloud-based Services? How does this differ to the common virtualization model?
Study smarter with the SolutionInn App