Compute the future value in year 9 of a $2,000 deposit in year 1 and another $1,500
Question:
Compute the future value in year 9 of a $2,000 deposit in year 1 and another $1,500 deposit at the end of year 3 using a 10 percent interest rate.
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (13 reviews)
Use equation 51 FV 8 2000 1 010 8 1...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
Question Posted:
Students also viewed these Finance questions
-
Compute the future value in year 7 of a $2,000 deposit in year 1 and another $2,500 deposit at the end of year 4 using an 8 percent interest rate.
-
Using the appropriate future value table, compute the future value of the following amounts received: a. $ 10,000 received at the end of each year for five years compounded annually at 10%. b. $...
-
Compute the future value of $ 1,900 continuously compounded for a. 7 years at a stated annual interest rate of 12 percent. b. 5 years at a stated annual interest rate of 10 percent. c. 12 years at a...
-
I am learning intermediate accounting and how to account for leases. I have a question about the calculation of present value for the right to use of the lease. my example specifically has a...
-
How can you apply the "you" attitude when you don't know your audience personally?
-
On December 31, the adjusted trial balance of Shihata Employment Agency shows the following selected data. Analysis shows that adjusting entries were made to (1) accrue NT$5,000 of service revenue...
-
What are the advantages of using the Internet to conduct preliminary job interviews? What problems is a company that uses computer-aided interviewing likely to encounter?
-
Chip, I know the interviews took a long time, but they were worth it, Anna says defensively as Chip enters her office with a worried look on his face. Im sure of that, Chip says. You really made a...
-
The following information is available for Forever Fragrance Company's Southern Territory by salesperson: Garcia Jones Total Sales $29,000 $40,000 $69,000 Variable cost of goods sold 3,700 4,800...
-
On July 1, 2015, ABC Co. issued 10-year, $4,574 million maturity value, 3% coupon bonds when the market rate was 2% for a cash price of $4,994 million. Interest was payable semi-annually on Dec. 31...
-
The interest on your home mortgage is tax deductible. Why are the early years of the mortgage more helpful in reducing taxes than in the later years?
-
What is the future value of a $900 annuity payment over five years if interest rates are 8 percent?
-
In Exercises 6178, solve each absolute value equation or indicate that the equation has no solution. |2x 1| + 3 = 3
-
Ms. Santana is single and over 65 years old. She received the following income in 2019: She did not have any adjustments to income. What is the taxable amount of Ms. Santanas Social Security? a....
-
Consider an imaginary 10 -year period over which output per worker falls, but GDP increases. How can this happen? Do you think this is likely to be good for the economy?
-
When the Canadian dollar depreciates in foreign exchange markets, many people view this as "good" for the Canadian economy. Who is likely to be harmed by and who is likely to benefit from a...
-
In 201 4, the United Nations ranked Norway first on the Human Development Index-a ranking of the "quality of life" in many countries. Yet Norway was not ranked first in terms of real per capita GDP....
-
Would inflation, as measured by the rate of change in the GDP deflator, ever be different from inflation as measured by the rate of change in the Consumer Price Index? Would it ever be the same?...
-
Write a balanced chemical equation for the reaction of solid strontium with iodine gas.
-
What is taxable income, and what is the formula for determining taxable income?
-
Let \(\left(B_{t}ight)_{t \geqslant 0}\) be a \(\mathrm{BM}^{1}\). Use Theorem 12.5 to show that \(\kappa(t)=(1+\epsilon) \sqrt{2 t \log |\log t|}\) is an upper function for \(t ightarrow 0\). Data...
-
Your division is considering two investment projects, each of which requires an up-front expenditure of $25 million. You estimate that the cost of capital is 10 percent and that the investments will...
-
Shao Airlines is considering two alternative planes. Plane A has an expected life of 5 years, will cost $100 million, and will produce net cash flows of $30 million per year. Plane B has a life of 10...
-
The Perez Company has the opportunity to invest in one of two mutually exclusive machines that will produce a product it will need for the foreseeable future. Machine A costs $10 million but realizes...
-
Carmaker produces small cars. As production emits pollution, Carmaker needs to buy pollution permits. It also needs to hire labour. Carmaker's production function is given by: (1) q = min{0.05L,...
-
Describe the three key differences between the North American Free Trade Agreement (NAFTA) NAFTA and United States-Mexico-Canada Agreement (CUSMA). Support your answer by providing specific examples.
-
Discuss what is Brexit. Why did the United Kingdom decided to leave the European Union? What is the impact of trade between the U.K. and the E.U. post-Brexit?
Study smarter with the SolutionInn App